Agenda - Council - 03/27/2007 - Laserfiche WebLink

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CASE # 6 REPORT FROM PUBLIC WORKS COMMITTEE REGARDING OFFER TO PURCHASE PROPERTY AT 5860 157 LANE TO CONNECT NEON STREET BETWEEN 157 LANE & 157 AVENUE By; Steven Jankowski, City Engineer Background: During the course of the approval process for the Rum River Meadows town home development, the City Council directed staff to secure a first right of refusal for a property north of this subdivision to allow for a future street connection to 157 Lane. The options for reducing the length of the cul de sac for the street serving this development were severely limited since the areas south and west of this development are wetlands. Staff was directed by the City Council at the February 13, 2007 meeting to make a contingent offer for the purchase of a property which was listed for sale at 5860 157 Lane. This lot had been identified as the property best suited for this purpose. The contingencies included; (a) a traffic study favorable to the making of the connection; and (b) an appraisal validating the listed purchase price of the property. Council further directed that the immediate neighborhood be notified of the City's intent to pursue this street connection. The following items are attached for information: 1. Appraisal prepared by David C Hughes 2. Traffic impact study report 3. Informational Open House resident notification letter 4. Open House notification area 5. March 7, 2007 Neighborhood meeting attendance sheet 6. Vicinity Maps Observations: A contingent offer from the City has been made to and accepted by the property owner of 5860 157 Lane in the asking price of $282,900. An appraisal of this property has been received from David C Hughes, a certified residential appraiser, which supports the value of the city's offer. A traffic analysis evaluating the impact of this street connection on the area has been prepared by Bolton & Menk Consulting Engineers Inc. dated March 7 2007. This study presented the following conclusions: • The connection will increase the volume of traffic using 157 Lane west of TH 47 by approximately 90 vehicles per.day (9 %). • The traffic on Potassium Street will likely decrease by 50 vehicles per day. • This connection will allow local neighborhood traffic to access TH 47 without using Alpine Drive, Nowthen Blvd., or 158 Avenue, traffic on these routes will decrease slightly. • The intersection should be controlled as a thru -stop, with the north and south legs stopping for east -west approaches. Staff notified 89 residents who would likely be affected by traffic changes of an open house which was held on Wednesday March 7, 2007 to present the results of the traffic impact study. IME