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Agenda - Economic Development Authority - 04/13/2017
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Agenda - Economic Development Authority - 04/13/2017
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3/17/2025 2:14:23 PM
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4/10/2017 12:34:20 PM
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Meetings
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Agenda
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Economic Development Authority
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04/13/2017
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2. WHAT IS THE POLICY FOR ARTERIAL INFRASTRUCTURE IN OTHER <br /> DEVELOPING CITIES? <br /> As part of the 2015 Bolton & Menk in-depth arterial infrastructure analysis,this question was <br /> addressed. Please see comments below from Bolton & Menk. <br /> "We contacted numerous agency and community representatives to gage the level of <br /> development activities on-going,planned and anticipated within their cities. The results <br /> varied greatly across the Metro area. There does not appear to be a uniform policy thatcan be <br /> drawn upon related to assessing costs.Even within most cities,there doesn't seem to be a strict <br /> set ofrules related to development charges and fees.Rather,each community seems to have <br /> processes in place for working with developers that allow them to weigh the pros and cons of <br /> each development and determine the long-term financial benefits to the community. <br /> Eventually,development review processes are completed,requirements agreed upon, and the <br /> cost sharing between the developer and the city are formalized into a Developers Agreement. <br /> The information gathered indicates the City ofRamsey's previous approach to a costsplit(40 <br /> percent developer and 60 percent City)for trunk utilities and collector roadways is reasonable <br /> based on what other communities are doing across the Metro area."—Bolton&Menk <br /> Page 3 of 8 <br />
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