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Observations/Alternatives: <br />Observations: <br />The need to prepare plans and specifications for future permanent street improvements for both Puma Street and <br />Bunker Lake Boulevard was addressed within the utility extension staff reports to Council. In those reports, it was <br />noted that a separate case would be presented to Council requesting authorization to prepare plan and specifications <br />for the proposed permanent street improvements. This is that case. <br />Alternatives: <br />Alternative #1 — Motion to adopt Resolution #17-12-316 ordering Plans and Specifications for Improvement Project <br />#18-05, Bunker Lake Boulevard and Puma Street Improvements. <br />Alternative #2 — Motion denying adoption of Resolution #17-12-316 at this time. <br />Funding Source: <br />Per the attached memos from Bolton & Menk, preparation of plans and specifications are estimated to cost $81,500. <br />In March 2017, Bolton Menk updated the Future Business Park report to include estimated costs for all of the <br />improvements needed to support the Future Business Park. A copy of the update is attached for reference. <br />A previously executed Assessment Agreement allows up to 40% of project costs, including preparation of plans <br />and specifications, to be assessed against two adjacent property owners. The City must pay the remaining costs for <br />preparing plans and specifications. Funding sources for the City's share of costs is proposed to include a mix of TIF <br />#1 and Anoka County HRA funds. A copy of the executed assessment agreement is attached for reference. <br />Based on future Council approvals, Staff would also propose to utilize Bolton & Menk to assist with bidding the <br />project, and to administer the project and stake construction. Estimated costs for these work efforts are also included <br />in the attached memos. City staff would inspect construction and assist with project administration. <br />Recommendation: <br />Staff recommends alternative #1 to support current and future development opportunities in this area of the City. <br />Staff does not support alternative #2. <br />Action: <br />Motion to adopt Resolution #17-12-316 ordering Plans and Specifications for Improvement Project #18-05, Bunker <br />Lake Boulevard and Puma Street Improvements. <br />Resolution 1712316 <br />Future Business Park Study <br />BMI Proposal July 2017 <br />BMI Proposal 120717 <br />Assessment Agreement <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Bruce Westby 12/07/2017 03:13 PM <br />Bruce Westby (Originator) Bruce Westby 12/07/2017 03:15 PM <br />Kurt Ulrich Kurt Ulrich 12/07/2017 04:22 PM <br />Form Started By: Bruce Westby Started On: 12/04/2017 05:04 PM <br />Final Approval Date: 12/07/2017 <br />