Agenda - Council - 02/14/2017 - Laserfiche WebLink

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fund the initial cost of arterial infrastructure related to the new business park that impacts the Hageman Holdings properties. Hagemann Holdings has indicated that they would oppose any additional assessments at this time. Likewise, Capstone representatives have indicated to staff they would not be able to move forward with their proposed development without sharing the cost of the arterial infrastructure needed to reach the development. In order to have a constructive conversation (i.e. begin the negotiation process) on cost -share agreements for arterial infrastructure, it was recommended that the Bolton & Menk Study be updated. This will help the City better understand what financial obligation may accrue to the City. At this point, staffs preliminary estimate is that there may be a $700K-$1.6M City obligation (if split 50:50). The EDA has roughly funds available (EDA Fund, Loan Fund, and County HRA) that could support this level of obligation for the purpose of extending improvements through the new industrial park. Street Access to Alpine Drive A new access point on Alpine Drive is proposed with the concept. Throughout the first round of conceptual design review and City Council feedback, Staff has been directed to discuss options that keep a second access point to Alpine Drive for accessibility and traffic flow that balances concerns about traffic safety (sight lines and speeds). Another street access opportunity to be considered would be the realignment of Puma Street, east, to line-up with the existing Okapi Street to the north of Alpine. This could be physically facilitated as the City presently owns 4 acres at this location. This realignment may also yield an area of developable land to the west side of Puma street which could be factored into the suite of obligations and opportunities addressed and negotiated within the Development Agreement. Funding Source: This case is being handled as part of normal staff duties. Recommendation: The Planning Commission recommends adoption of the attached Policy Document. The concept has been reviewed by the Planning Commission (minutes attached), Park and Recreation Commission (minutes attached), the Environmental Policy Board (minutes attached), and the City Council (minutes attached). Action: Motion to adopt the Policy Document for Pearson Farm. Attachments Site Location Map Concept Plan Draft Planning Commission Minutes dated January 5, 2017 Draft Park and Recreation Commission Minutes dated January 12, 2017 Environmental Review Guide Area Recreation Plan Policy Document Form Review Inbox Reviewed By Date Tim Gladhill (Originator) Tim Gladhill 02/08/2017 12:23 PM Kurt Ulrich Kurt Ulrich 02/09/2017 03:50 PM Form Started By: Tim Gladhill Started On: 02/08/2017 12:14 PM Final Approval Date: 02/09/2017