Minutes - Public Works Committee - 03/16/2020

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5. COMMITTEE BUSINESS 5.01: Consider Recommendation on Cost Share Alternatives for Riverdale Drive Development Initiated Expansion and Safety Improvement Project Deputy City Administrator Gladhill reviewed the staff report and stated that staff recommends that the City Council confirm direction to continue funding discussions with the City, offering to pay up to one third of the project costs on the Pearson Properties Frontage (excluding Anoka County parcel). He noted that Capstone Homes is recommending that the City contribute 50 percent of the cost of the Pearson Properties Frontage (excluding Anoka County parcel). Tom Bakritges, Capstone Homes, stated that it has been a good experience to work with City staff. He noted that they have tried to be consistent with what has been done with the City in terms of cost-share on other road projects. He stated that the one third/one third/one third split has always been discussed. He stated that this is an important road for the City and developer, and they are comfortable with the one third/one third/one third split. He stated that they are open to allowing the City additional time to find additional funding allocations, which would reduce the costs for all parties and therefore support option 4A. John Dobbs, representing the Pearsons and Pearson properties, echoed the comments made by Capstone. He stated that staff has been amazingly supportive throughout this process over the past two years. He noted that the challenge has always been the cost of the County frontage of Riverdale Drive. He stated that the funding challenge is how the road can be built without the County contributing. He stated that they have a similar view to Capstone and hope to find a way through this. Chairperson Kuzma stated that the challenge is the amount of $118,000 and asked if that amount could be split three ways as well. Deputy City Administrator Gladhill noted that is up for discussion. He clarified that amount is allocation for the County parcel. He confirmed that could be split three ways. He noted that staff could also speak to the County to determine if the cost could be paid upfront and then reimbursed by the County when the parcel sells. Chairperson Kuzma asked where the funding would come from for the City portion. Deputy City Administrator Gladhill reviewed some available funding sources the City could utilize. Councilmember Riley confirmed that the City has identified funding sources for its portion of the cost- that the County will receive additional funds for its parcel when it sells if the road is constructed. Deputy City Administrator Gladhill explained that the County has funds allocated through its CIP and does not have funds or priority identified for this improvement, or the sale of that parcel. Public Works Committee / March 16, 2020 Page 2 of 7