Agenda - Economic Development Authority - 06/09/2022

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Economic Development Authority (EDA) 4. 2. Meeting Date: 06/09/2022 Submitted For: Sean Sullivan, Community Development By: Sean Sullivan, Community Development Title: Consider Contracting Services for Traffic Count Updates in COR and Surrounding Area Purpose/Background: The purpose of this case is to obtain a recommendation by the EDA to contract for traffic count updates in COR and surrounding area. Background: The City of Ramsey has invested financially in the COR development. In order to attract retail and commercial users,having current traffic counts on hand is an important marketing component. Since 2017,the last year traffic counts were updated at key intersections of the COR,there has been significant development. The previous traffic counts were conducted by Bolton and Menk and those figures are included in the proposal under consideration by the EDA. Commuting patterns have been somewhat normalized after the peak of Covid-19, so now would be a good time to get revised traffic count numbers to be used for marketing and historical reference. Notification: Not Required Observations/Alternatives: The last year Traffic Counts were completed in and around the COR development was 2017. Staff is requesting an update of this information to be used for marketing purposes for land in the COR and the surrounding area. The cost to obtain the requested traffic count updates has been estimated to be $10,580.00 as outlined in the proposal by Bolton and Menk Alternatives: 1) EDA Recommendation to City Council to Contract Services to Update Traffic Counts for the COR and Surrounding Area 2)No Action 3) Something Else Funding Source: EDA Marketing and Promotions (9230.6246) Recommendation: EDA Recommendation to the City Council to Contract Services to Update Traffic Counts for the COR and Surrounding Area Action: Motion to Recommend to the City Council to Contract Services to Update Traffic Counts for the COR and Surrounding Area Attachments