Agenda - Council Work Session - 02/11/2020 - Joint CC & Planning

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It is noted that on previous phases of the Bunker Lake Boulevard/Puma Street project, the City contributed 60% of the costs of these improvements. Originally, this policy was established to forward a development proposal for a private school that never materialized. Subsequently, the same policy of contributing 60% of the cost was utilized with the most recent extension to advance the Bunker Lake Industrial Park. These improvements helped leverage private investment resulting in nearly 500,000 square feet of industrial space. However, in this case, the abutting properties are all residential. With that in mind, Staff does not believe a 60% contribution is appropriate in this instance. Due to it's collector status, Staff does believe some contribution to the project is appropriate (currently recommended at 33% as a starting point for discussion). Timeframe: 20 minutes Funding Source: Case Preparation All costs associated with processing the Application are the responsibility of the Applicant/Developer. Internal/Private Development Costs All development costs internal to the site are the responsibility of the Developer. Puma Street As a basis for beginning discussions, the City Council is asked to consider a contribution to this project in recognition as a Collector Street serving multiple neighborhoods and business districts. The proposed contribution would split the roadway costs an even three ways between the City (collector street), Capstone (Developer on west side of Puma Street) and Paxmar (Developer on east side of Puma Street). Total roadway costs are estimated to be $720,000, resulting in a cost share of approximately $253,333 per party. Water and Sanitary Sewer Pipes would be paid by the City's Trunk Utility Accounts. This roadway is classified as a Municipal State Aid (MSA) Street. Note: it is anticipated that the Developers' contributions would be assessed back to the benefiting property following the Minnesota Statutes Chapter 429 Assessment Process. Responsible Party(ies): Deputy City Administrator (Puma Street Cost Share) Senior Planner (Riverstone Preliminary Plat) Outcome: Staff desires high-level policy direction pertaining to Puma Street need and funding. Copy of February 5 Planning Commission Case Design Proposal Attachments Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 02/06/2020 11:23 AM Form Started By: Tim Gladhill Started On: 12/30/2019 05:15 PM Final Approval Date: 02/06/2020