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Alternative 6a <br />Capstone Proposal w/City Modifications - Capstone Pearson Even Split <br />bA <br />❑ <br />Oa <br />0 <br />0 <br />Pearson Parcel <br />Bowers Drive Modifications <br />paid for by Trunk Fees** <br />,13 <br />Z <br />■ <br />❑ <br />O <br />O <br />O <br />0 <br />0 <br />un <br />r▪ - <br />t h <br />O <br />O <br />0 <br />Sri <br />N <br />LO <br />N <br />0 <br />0 <br />0 <br />r- <br />Ln <br />tr} <br />O <br />c5 <br />O <br />0 <br />0 <br />0 <br />L.O <br />ri <br />0 <br />0 <br />0 <br />L.ri <br />N <br />L.0 <br />(Nis <br />th <br />Bowers Drivel <br />Ln <br />N <br />m <br />tr- <br />a <br />Ln <br />$75,375 I <br />Ln <br />N <br />m <br />th <br />Pearson Parcel % <br />0 <br />0 <br />r <br />0 <br />0 <br />m <br />0 <br />O <br />mH <br />0 <br />o <br />o <br />tin <br />DOS`ZL6$ <br />o <br />n <br />N <br />t!"- <br />N <br />d- C. <br />m <br />j"- <br />N <br />d- <br />m <br />tin- <br />0 <br />u <br />u <br />., <br />a <br />---- <br />N <br />Si <br />o <br />00 <br />un <br />0 <br />Ln <br />n <br />Q5 <br />t11- <br />ICounty Parcel <br />pLn <br />O <br />un o <br />t� <br />Ln <br />� <br />m <br />th <br />o <br />� <br />m <br />Ln <br />ni <br />co <br />,.n <br />in- <br />O <br />o <br />0 <br />rn <br />in- <br />06 <br />t� <br />0) <br />❑ <br />v <br />MnDOT Grant <br />Pearson Contribution <br />Capstone Contribution <br />03 <br />L <br />15 <br />0 <br />03 <br />❑ <br />Road, Trail, Storm <br />0 <br />Public vs. Private Dollars <br />O <br />00 <br />th <br />O O <br />Sri <br />N <br />Cr) <br />r-I <br />th <br />0 <br />(.0 <br />rV <br />But for this development, the City would wait until other funding sources closed the gap. <br />If the Developer desires to accelerate the schedule, the Developer should bring additional dollars to the table. <br />This project derives a direct benefit to the connection to Highway 10 and associated improvements. <br />While not technically the Developer's responsibility, the Development relies on a connection through the County Property. <br />It is not feasible to phase the project. <br />If the Developer desires to not contribute to off site improvements, the City has less dollars to allocate to the Pearson Frontage. <br />Minnesota Statute allows the City to assess costs for off -site improvements that are necessary due to development impacts. <br />Considering contribution to Riverdale Drive + acquisition for open space preservation, City should review financials <br />