HomeMy WebLinkAboutItem 084.
January 3, 2014 Item No.
Dakota County Community Development Agency (CDA)
Redevelopment Incentive Grant Program Application
January 6, 2014 Council Meeting
Proposed Action
Staff recommends adoption of the following motion: Move to adopt a resolution authorizing the
submittal of a Dakota County CDA Redevelopment Incentive Grant Program Application in the
amount of $188.000.
Passage of this motion will result in the submittal of a Dakota County CDA Redevelopment Incentive
Grant (RIG) Program Application in the amount of $188,000 for improvements to the City -owned
public parking lots adjacent to Pioneer Plaza and along Holyoke Avenue adjacent to the Art Center.
Overview
The City Council has previously approved a Joint Powers Agreement for the improvement of the
public parking lot adjacent to Pioneer Plaza and Howland Avenue. The current plan is to pay for the
entire project (estimated construction cost of $350,960) with CDA Tax Increment Financing (TIF) funds.
Staff also recently discussed with the City Council possible streetscape improvements to the City
owned parking lot on Holyoke Avenue adjacent to the Art Center. The estimated construction cost of
this project has been reduced to $75,000. The total cost for both projects is $566,830 which includes
engineering, legal, property acquisition, construction and contingency.
The Downtown Development Guide approved by the City Council in 2006 identified the
establishment of a public parking system in Downtown as an action to be taken. The construction of
Market Plaza in 2008 was the first public parking project completed. This project was also funded with
CDA TIF funds and RIG funds.
The proposed RIG grant could fund up to one -third of one or both of the proposed parking
improvement projects in the Downtown. This grant funding would free up CDA TIF funds to be used
for other eligible projects in the future. Staff recommends approval of the grant application
submission. If approved, a grant agreement would be brought back for Council approval.
Primary Issues to Consider
What is the breakdown on how CDA TIF funds and CDA RIG funds would be utilized for
both parking lot projects? (See Attachment A)
Supporting Information
• Resolution authorizing the Redevelopment Incentive Grant application
• Letter f c+PPo Downtown Lakeville Business Association (DLBA)
David L. Olson
Community & Economic Development Director
Financial Impact: $ 0 Budgeted: Y/N Source:
Related Documents (CIP, ERP, etc.):
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Attachment A
Below is a table that illustrates a breakdown of the proposed allocation of both CDA Tax
Increment (TIF) funds as well as CDA Redevelopment Incentive Grant (RIG) funds for the
proposed Downtown parking lot improvement projects. As the table illustrates, securing RIG
funds would allow the City to leverage CDA TIF funds further for possible future projects. It is
the same funding formula that was used to construct Market Plaza five years ago, and allows
for all of these projects to be completed without the use City property tax dollars. The RIG
program is a competitive grant program administered by the CDA and has only one funding
cycle at the beginning of the year. The next opportunity to apply for RIG funds would be
January of 2015.
2014 RIG Application
RIG (1 /3) CDA TIF (2/3) TOTAL
Downtown Parking Lot
Reconstruction & Sidewalk
Property Acquired
92,000
92,000
Legal
10,000
10,000
Engineering /Design
23,870
23,870
Construction
157,355
193,605
350,960
Total Project Cost
$157,355
$319,475
$476,830
Holyoke Ave Parking Lot
Streetscape Improvements
Construction
25,265
50,535
75,800
Eng. /Design /Contingency
4,735
9,475
14,200
Total Project Cost
$30,000
$60,000
$90,000
Overall Cost for Both Projects
$187,355
$379,475
$566,830
Should the Council elect to only pursue grant funds for one of the parking lot projects, the
RIG application can be adjusted accordingly.
ft
December 2, 2014
Downtown Lakeville Business Association
P.O. Box 371 - Lakeville, MN 55044
952- 985 -0517
Mayor Matt little & Council Members
City of Lakeville
20195 Holyoke Avenue
Lakeville, MN 55044
Re: Redevelopment Incentive Grant Application
Holyoke Avenue Parking Lot Improvements
Dear Mayor Little & Council Members:
On behalf of the DLBA I am writing to request that you consider approval of the request to apply
for a Redevelopment Incentive Grant from the Dakota County CDA. The award of such grant
will assist in the funding towards the Downtown Public Parking lot behind the Ben Franklin
block and adjacent to Pioneer Plaza..
In addition, the grant monies are proposed to be used to partially fund the cost of the Holyoke
Avenue Public Parking lot adjacent to the Arts Center. The much needed improvements to this
lot will upgrade the entryway for attendees coming to the Arts Center as well as to our summer
Farmers' Markets, Pan- O -Prog and other events held at this site.
These improvements will enhance the character and feel of our historic main street as well as
accomplish goals set out in the 2006 Downtown Development Guide.
I respectfully request that you approve both items before you on the January 6 Council agenda.
Thank you for your consideration.
Cc: City Administrator Steve Mielke
Community & Economic Development Director David Olson
www.downtownlakeville.com
A
(Reserved for Dakota County Recording Information)
CITY OF LAKEVILLE
RESOLUTION NO.
RESOLUTION GRANTING APPROVAL FOR FUNDING FROM THE DAKOTA COUNTY
CDA REDEVELOPMENT INCENTIVE GRANT PROGRAM
WHEREAS, the City of Lakeville has identified a proposed project within the City that
meets the Dakota County Community Development Agency (CDA) Redevelopment Incentive
Grant program's purposes and criteria; and
WHEREAS, the City has established a Redevelopment Plan of which the proposed
project is a component; and
WHEREAS, the City has the capability and capacity to ensure the proposed project be
completed and administered within the Redevelopment Incentive Grant program guidelines;
and
WHEREAS, the City is supportive of affordable housing and of the CDA's mission, to
improve the lives of Dakota County residents through affordable housing and community
development.
NOW THEREFORE BE IT RESOLVED that the City of Lakeville approves the
application for funding from the Dakota County CDA Redevelopment Incentive Grant program.
ADOPTED this 6th day of January, 2014, by the City Council of the City of Lakeville,
Minnesota.
CITY OF LAKEVILLE
W
Matt Little, Mayor
ATTEST:
Charlene Friedges, City Clerk
STATE OF MINNESOTA )
CITY OF LAKEVILLE
I hereby certify that the foregoing Resolution No. is a true and correct copy of the
resolution presented to and adopted by the City Council of the City of Lakeville at a duly
authorized meeting thereof held on the day of , 2014, as shown by the minutes
of said meeting in my possession.
Charlene Friedges, City Clerk
(SEAL)
A
WSB
& Associates, Inc.
Placement of City Logo or
Parking Symbol in Pier
-- - - - - -- — — Entrance Monuments & Fence
Brick monuments with ornamental fence in
between are located along each entrance drive
— - — — — - ` : ,� c 's, Howland Walkway:
New 6' wide sidewalk placed along
Howland Ave. up to 207th
Northern Parking Area:
_T4
Existing Wells Fargo and other
public /private stalls remain unaltered
>
Central Parking Area:
Improvements to include new
pavement with 51 standard stalls &
2 HC + 2 private stalls with center
O� landscaped median and new or
relocated ornamental light poles
Enclosures/Screens:
Entrance Monument
Potential locations for
consolidated refuse enclosures
and screens for utilities
Aesthetic Improvements:
Parking lot improvements
allow space between walkway
and buildings for businesses to
L
incorporate landscape or screening
Pedestrian Walkway
Concrete walkway with colored/
stamped concrete to match Market
Plaza p aver style delineate the
pedestrian walkway from the
■ private parking lot
private 1"
Improved Ped Walkway:
New banded concrete crosswalk
Entrance Monument in existing location remains
mainly level with parking lot
Southern Parking Area:
Island provides separation between
parking and crosswalk
Howland Walkway:
New 6' wide sidewalk placed along
Howland Ave. down to 208th
0' 20' 40' 60
Graphic Scale
Total Parking: 137 + 3 HC
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