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HomeMy WebLinkAbout12-17-02 TQ; _ ,~EcQmic Development Commission CC; ~tcrt Erickson, City Administrator Ann Ftad, Ecortarnic Development Coordinator FR: David L. Qison, Community & Economic Development Director DATE; December 12, 2002 RE; Cumber pirectar's Report Ttre ~rnfi rn~~tlr~g w~~ previously canc~lt~il by the E©C. The next m «l~~nraary as, 2t~33. P Tina The City C~ncil viii be conducting a public hearing on the pry lrrterchan Financing Plan ran Monday, Decet~nber 16, 2002 at 7:00 p.m. Vice Chair Jack Mataso~lcy teas agreed to testify at the public hearing to convey the EDC's s+~aort of the plan. The a#t~ched Messages page article that appeared in last week's` L#e -.and Tunes provides a good. overview of the Interchange Financing Plan. Also ir~luded' is a copy of ar3 article from the Life and Times regarding a recent Dakota County Bvart# m~ng at vich City Administrator Bob Erickson pies®nted the City`s inter~ehange Plan and m~r® sificafiy the City's plan to provide advanced #unding fvr the interim imp~vernt r'the County Rd. 50 Interchange Area. t~. ' iH of T hn l !us Dr. Rory Thorn, President of Dakota County Technical Calte~e {DCTC, ir~vit~l Dr. Layne I-I~pkins of Technology Pius in Mankato to tour the main DCTC campus in Rosemoun# and their Technology Center in Eagan on December 11th. This taut and meetfi~g r~s a .follow-up to the tour of the Technology Plus facilit~ in Mankato on Noverer 6~' b~ DCTC, City and ISD 194 staff. This December 11 tour included a stop in LalceviNe to meet with City staff and tour of Airlake Industrial park and Fair#ietd Bdsir~>~s Campus. ! w~ be working with Dr. Thomas during the next several months to make a preltmirtary determination as to whether it is feasible to pursue a technoivgy center of s type in Lakeville at tPtis time and what the City's role and responsibility would b~ fin this initiative as well as that of DCTC and will report back to tha EDC. ~ako#a Cain Ec,~4~+~mtc DevetQpmen# Partnership Upd„~te, Attached is a mremo from Taud Hoopingam®r cif the t7akota County Economic :Development Task- Force updating members as to the progress of discussions regarding a potential merger with Dakota County Workforce Council. Staff will ` .continue: to keep the EDC apprised of these discussions on the propc~ed merger ~ndlQr rc-organization of this organization. Qrdnnance Res~arding Motor. Fuel St,~tion Outside Storage Attached is a sample letter that was recently sent to owners of motor fem. flies in t.akeviNe regarding a City ordinance passed in 1997 regarding ' s artd display of merchandise. This ordinance included afive-year. ~d~~ pr"~ion fc~r .compliance that expired in August of this year. The Mayor has reque~ that this ordinance be reviewed further. The Planning. Commission will be wdrking on a Clamber of Zoning Qrdinance updates over the next severe! months as~l has agreed to include these requirements as part of this review. Motor fuQl #aoility owners artd/or managers will be invited to a future Planning Commission word session 'tn January or February to provide input on the current ordinance requirements. Spotlight an Business Technical Methods Inc. was featured at the December 2"~ meet~g .and introduced by EDC member Tom Smith. A copy of the City Council memo Is attached. .Because the December 16#'' meeting fails during the busy+ hoiiciay sort, no business was scheduled for that meeting. Board and Commission A iati n Event at ~tke itt ~4r ~1 e The Et~G was well represented at the December 4t" Appreciation Event at the Art Center for volunteers that serve on the various City Boards and Comrrtiss~ans. Former Chair Bob Vogel received special recognition for his years of service on the EDC. Hottdsy Wishes 1 wish to personally extend my appreciation for ~rour patience as well as the assistan€;e that you all have provided me during my first year as, Community and Ecanom~ Qevelopment Director for the City of Lakeville. i {ook forward to working with all. of you in the coming year and want to wish you all a Happy Holiday Season. Thisweek Online Page 1 of 2 Pollow election results and news.... ~f~G+~t7Y1:.2V~,~ Home Pa a NEWSPAPERa Sports i i ~ , _ t_.. ~ . Classified Ads Online Archive County Board stalls Lakeville Directory & Links construction proposal Contact Us Posted: 12/3/02 Advertising Information by Laura Adelmann Order Classified Ads Staff Writer HometownSource.com Lakeville's fast-track construction proposal far County Road 50 ECM Publishers, Inc. and I-35 was stalled by the Dakota County Board Nov. 26, but may rev up in the future. Bob Erickson, Lakeville city administrator, approached the County Board during its 2003-0? capital improvement project (CIP) public hearing and made the innovative proposal. He explained the City Council was prepared to advance-fund about $13 million, through general obligation. bonds paid for by a property tax increase, for a construction project designed to ease congestion at the County Road 50/I-35 intersection. In so doing, the city would temporarily pick up the county's 55 percent share of the costs. Erickson asked the board. to write a letter committing to reimburse the city of its expense, interest-free,,n 2007 and 2008. To accommodate the financial commitment, Erickson proposed a delay in the city's County Road 64 and 202nd Street construction plan, thus relieving the county of its required funding match. "I know that it's an unusual request, but it's also an unusual offer for a community to step forward and advance-fund a project of this magnitude," said Erickson. While some commissioners expressed admiration at the thought behind the proposal, they cited several issues, perhaps most concerning its $95 million CIP budget shortfall. httpa/www.thisweek-online.com/2002/December/3construction.html 12/06/2002 Thisweek Online Page 2 of 2 According to the county, it is $13 million short for projects included in the CIP through 2007, .needs another $21 million for projects requested but not included in the CIP, and is another $60 million short for county-identified road projects. Commissioner Joe Harris said the timing was bad, both because of the financial concerns of the county and the fact that committing to payment in 2008 is beyond the scope of the five- year CIP. ``We've got major economic decisions to be made. This request is coming on heels of that.... It is prudent of the county not to commit to Lakeville until we get more financial data in order to support our whole five-year CIP in the future. Otherwise, we might be back three years from now seeing the same f nancial problems we find ourselves in this year," he said. Commissioner Patrice Bataglia commended Lakeville for devising the plan and suggested the county encourage other cities to come forward with unique proposals. "I'm not trying to encourage people to come outside of our CIP and ahead of what we are planning, but I'm trying to encourage cooperation and collaboration that would be beneficial to all parties," said. Bataglia. Erickson emphasized that interest rates are favorable now and the project could be completed cheaper now than in the future. He added, "We're not looking for TIF (tax increment financing) districts or tax-abated districts, we're just talking about city- wide support for transportation." At the suggestion of Commissioner Paul Krause, chairman of the Physical Development Committee, the item was added to the agenda of the committee's Dec. 5 meeting, held after this issue went to press. Laura Adelmann is at deeditor@frontiernet.net. Top of Page ~ Thisweek Newspapers 12190 County Road 11, Burnsville, MN 55337 Telephone: 952-894-1111 Fax: 952-846-2010 http://www.thisweek-online.com/2002/December/3construction.html 12/06/2002 t O U N T Y Dakota County Operations Management Dakota Coun#y Administration Center 1590 Highway 55 Hastings MN 55033 651.438.4418 Fax 651.438.4405 MEMORANDUM DATE: December 3, 2002 TO: DCEDP Members FROM: Taud Hoopingarner, DCEDP Organizational Task Force Chair SUBJECT: Progress on Discussions of Potential Merger with Workforce Council Greetings to the membership! The following is a brief update regarding the structure of the Economic Development Partnership and the merger discussions with the Dakota County Workforce Council Mike Puppe, Bill Lucking and I have been meeting with LaDonna Boyd and Mark Jacobs regularly to review the structural options and the benefits/weaknesses of the various merger options. Our ultimate goal is to be able to leverage each organization's strengths and create an organizations! structure that will enable some-form of economic development entity to effectively tackle the priorities established through the recent survey, incorporate the input provided by City Managers/Administrators, and of course respond to your direct input. We still have some work and research to do before. making a recommendation to you regarding. structure. However, our goal remains to have this process complete by the end of this year. At this point in our discussions, we believe that the businesses, public agencies and constituency of Dakota County will best be served by creating a new economic development organization that is focused on marketing the County as a unified economic .area, serving as a one-stop clearinghouse of economic development information, and facilitating public-private cooperation.. It is our belief that in order for us to be successful in this effort, this new organization, which we have tentatively named "Dakota Future, Inc.", will be structured as a 501c(6) and/or a 501c(3} in order for its staff and directors to leverage both private and public sector resources to put toward its goals. However, because of the unique nature of the organization's goals and relationship to other entities like the Community Development Agency, Workforce Council, city governments within Dakota County, and Dakota County government itself, we are drafting a Memorandum of Understanding that clarifies the roles. of each of these members in this collaborative effort. Simultaneously, we have been contacting many of you to seek your input on continued support of this effort and have been very pleased with the positive responses we have received to date. We have already received verbal commitments of more than $100,000 for 2003 to pursue this new approach to economic development. We still have .many of you, and others, that we have yet to contact. Clearly,. you believe, as we do, that. therers aneed to continue to support existing and future efforts to build a strong economic identity for Dakota County through aggressive communication and marketing. We will be in contact with you in the near future to seek your direction regarding the DCEDP and our new concept, Dakota Future, Inc. Thank you for your continued support and commitment to ensuring that Dakota County's economy continues to expand, and' that its businesses and residents may prosper as a result. If you have any questions regarding this update, please contact me at 651-438-4416. • ~ December 6, 2002 Apollo Oil Co. Attn: Gary Thorson 8500 210th Street W /Suite 132 Lakeville, MN 55044 Dear Mr. Thorson, On August t 8, 2002 all motor fuel facilities in Lakeville were required to remove all existing merchandise such as salt, mulch, iceboxes, pop machines and other similar items stared outside on their properties in accordance with motor vehicle fuel facilities standards approved by the City Council on August 18, 1997. The standards approved in 1997 allowed afive-year sunset for the outdoor storage and display of merchandise in conjunction with a motor fuel facility. The Mayor has determined that the standards passed by the City Council in 1997 may be too stringent and may need to be relaxed: In the next few months, the Planning Commission and City staff will be reviewing and updating the Lakeville Zoning Ordinance. The standards regarding the outdoor storage of merchandise at motor fuel facilities passed by the City Council in 1997 will also be reviewed.. Until the standards for fuel facilities are reviewed and updated, you may disregard the requirements of the enclosed letter sent to you on November 19, 2002. The City will host meetings to discuss the update of Lakeville Zoning Ordinances with the public .and owners and managers of motor fuel facilities located in Lakeville. Once a time and place for the meetings are confirmed, you will be invited to attend and comment. If you are unable to attend the meetings but would like your comments to be included in the review process, you may submit a letter to my attention or you can send me an email at Ihanson@ci.(akeville.mn.us. If you have any questions regarding this matter, please contact me at 952-985-4426. Sincerely, f Leif anson Zoning-Enforcement Coordinator c. .Robert D. Johnson, Mayor City Council Planning Commission Economic Development Commission Bob Erickson, City Administrator Daryl Morey, Planning Director (.Pity o, f' Lake~ill~ Y ,e?/ r%YfF' ~ ~'i`}~ ~ ?t~>-`~`~(`~l~ " ,~``a.~ rySy f t~a'~'.~-`1~~~.~i) e 5 ~ i. f. , November 19, 2002 Holiday/ McStop Attn: Manager .21100 Kenrick Ave LakeviNe, MN 55044 Dear Manager, City staff recently noted that merchandise is being stored outside on Holiday / McStop's propdrty located at 21100 Kenrick Avenue. On August 18, 2002, a Lakeville Zoning Ordinance provision took effect that that prohibits the outdoor storage of merchandise such as salt, firewood, washer fluid, mulch and other similar merchandise on Holiday / McStop's property. The enclosed letter was sent to you and Apollo Oil Co. on June 28, 2002 anal stated that merchandise may not be stored outside on Holiday / McStop's property after August 18, 2002. Holiday / McStop's property will be re-inspected on December 2, 2002 to verify that all merchandise currently stored outside has been removed in compliance with the current standards. Please refrain from storing any merchandise outside on Holiday 1 McStop's property in the future. If you have any questions regarding this .matter, please contact me at 952=985-4426. Sincerely, ,r 1 Leif Hanson Zohrng-Enforcement Coordinator Encbsure c. Daryl Morey, Planning Director Apollo Oil Co. City v f Lakeville ~(JI tl,> Kolvuke Ai~enu~~ • I.ezkevilJf~, r~~1(ti` 'a Fl~c~r~~ f ~:;.j' ~ 9:`i-;~'-~00 • FAX (9~?1 985-~~9t • + w:~.lt~n:'? iilz .~=.tr Gas. Stations Owner/Contact Query 12/06/2002 St Station Name Address .Owner Owner Address 1 Budget Mart /Mobil :8333 210th St W Lakeview Highview Inv. =P0 Box 274 Farmington, MN 55024 2 Super America., ;21070 Glade Ave Speedway Super America LLC £539 Mam Street S Findlay,_OH 45840 3 Cenex °:9290 202nd Street West Farmers Union Coop Oil X425 Clinton Ave S. St. Paul, MN 55075 4 Budget Mart /Oasis 20180 Dodd Blvd Twin Cities Stores 2020 Silver Bell Road Ste 23 Eagan, MN 5512 . __.e.. _ SKwik Trip 20187 Dodd Blvd. 'Convenience Store Inv. "1626 Oak Street / LaCrosse, W 154603 _ ..m___ . 6 Amoco /Oasis 7468 167th St W 'Twin Cities Stores 2020 Silver Bell Road Ste Eagan, MN 55122 7 Super America 16161 Cedar Ave Super America Group Inc. 539 South Main Street Findlay, OH 45840-3229 _ Convenience Store Inv .1626 Oak. St. / LaCrosse, WI 54~f~~~~~ _ 602 $ Kwik ri 1._ p~ 7388 Glacier Way ; _.~.__p _ ~ _ _ .n_~. ~ ~ _ _ 9;Holiday 16255 Ipava Ave. Yocum Properties LLC 2719 Stillwater Rd. / St. Paul, MN 55119 ~ ~ _ _ __.M__.. _ ~ __~A _ 10 Kwik Trip 16260 Kenrick Ave Convenience Store Inv. PO Box 2107 / LaCrosse, WI 546.02-2107 _ _ ~v . _ _ w _ _ _ _ _ _ 11 Super America i 6180 Kenrick Ave. =Speedway Super America LLC .539 Main Street South / Findlay, OH 45840 _ _ _ _ r . m..._ro_ . _ _...~s 12 Holiday 17280 Kenyon Ave. Badger Tire Group Inc. 7407 Wayzata Blvd /Minneapolis, MN 55426 i 3 Sinclair 17380 Kenrick Ave Sinclair Marketing , 550 S Temple E/Box 30825/Salt Lake City, UT 84130 14 Fleet Farm .17070 Kenrick Ave. Mills Properties Inc. PO Box 971 / Brainerd, MN 56401 _ _~,.__.__m_.._............_..~_ _ 15 Lakeville Amoco 17471 Kenwood Tr Amoco Oil Co PO Box 06529 / Chicago,. IL 60606 16 Tom Thumb 17430 Kenwood Tr James Refrigeration Co PO Box 560_/ 21500 Hwy 7 /,Excelsior, MN 55331 17 Su er America 10812 175th St W P _ . _ _ _ _ _ _ _ . , ,Vernon Kelley .7930 Pleasant Ave S /Bloomington MN 55420 18 Holiday / McStop 21100 Kenrick Ave ';Apollo Oil Co. 8500 210th Street W Ste 132 / Lakeville, MN 55044 S~~ -Et~? ~1 owK•tTS wN~rHr4,q~~ - Towti 1~u~.~-~.,r~ ~.+r~d? ~ i H.C~t.t f w ~~c.1~. ~o to H ew .•Jlase. ~ o~ ~~-~-C•o~~- Page 1 MEMORANQUM TO: Mayor and City Council City Administrator CC: David L. Olson, Community & Economic Development Director FR: Ann Flad, Economic Development Coordinator DATE: November 27, 2002 RE: Spotlight on Business: Technical Methods, Inc. The purpose of the Spotlight On Business program is "to inform and educate residents on benefits of C/I base to gain community support and appreciation for business growth" .(Goal #1 of the Economic Development 2002 Strategic Work Plan.) Technical Methods, lnc. has been selected as the next business to be featured in the Spotlight on Business program. Economic Development Commissioner Tom Smith will be in attendance at the Council meeting to present information on Technical Methods, Inc. and will introduce Steve Nelson, Co-owner and President of the Lakeville company. Technical Methods is located at 20777 Kensington Boulevard. The 25,000 sq. ft. building was constructed on 3 acres of land inthe Fairfield Business Campus when the company outgrew its previous location in the former Accord Prototype Building in 1998. In ~ 993, Steve Nelson and Gary Lussier formed Technical Methods and began the production of pattern equipment and machining of prototypes for parts. Several years later, Technical Methods acquired Accord Prototype of .Lakeville, bringing. additional expertise in the metal and plastic industries.. Today, Technical Methods develops patterns and prototypes for various industries. Ninety percent of their patterns are used in the aerospace industry.. They are currently developing a pattern for the lift fans and accessory gearboxes that will be used on the Joint Strike Fighter. Patterns have also been made for other defense aircraft, including. the F16. The company also makes patterns and prototypes for the commercial airline industry, the auto industry, Original Equipment Manufacturers (OEM's} and other applications. Technical Methods .also works on joint venture projects with other Lakeville companies. The company specializes in developing patterns and prototypes that require close tolerances. Foundries commission the development of a pattern that they will use to produce a specific part for a customer. Patterns generated directly from three-dimensional Computer Aided Drafting (CAD) models provided by the customer. The drawings are then converted into Technical Methods' specialized computer programs and sent to the shop floor. Computer Numerical Control (CNC) and other machines cut the .patterns from various types of materials including metals, epoxies, urethanes and wood. Lead times art the development of patterns depend on the complexity of the part to be produced. Technical Methods also offers complete foundry support. Only one pattern is developed for a part, and that pattern is used until it is worn out. Depending on the foundry's manufacturing method, some patterns may be used thousands of times. At times, customers request new patterns to replace ones that have been used for 20- 30 years and have worn out. Today, Technical Methods provides employment to 20 area residents. President Steve Nelson says that the quality of the people working at the company is what has allowed Technical Methods to excel In addition to employment, Technical Methods. provides a substantial tax benefit to the community. The Dakota County Assessor has assigned an estimated market value of over $1.1 million to the company's buildings and property. This market value resulted in the company's contribution of $43,595 in local property taxes going to support the City, Dakota County and Independent School District 194 in 2002. M,:~-~ Memo Box <f ~ December 9 -Special City 1 f ~ s s ~ ~ ~ fi ' f w ~ ~ _ Council meeting, 7 p.m. n ~ ~ ~ - _ ~ a~ 1 ~ ~ A `'~-~F ~ z t December 10 Telecommunications ~ ~ { C t } ~ < : ~ ~ ~ T ommission mee in , 7 m. ~a:~_. ~,a 9 Meetings at City Hall, 20195 Holyoke Ave. ~ ~ ~rv~ ;rf ~ ' h ~ a<:: 5 .w v,,,~ ~ ~ c fit. ~ ~t~,~°vr~ a:`7`~ 'u' . t ~r i~ ? t Y~ 2 s `r r t i yl x, h ~ ..F>° 3t sY.s ~ ,Ycsa;.-~ w<....,..c,,.....~u3•~ r.~z~' _ \ ~>~,se"`tr.{..a.~2vS4.~~ ..°..x ci councit endorses 56 million interchan fi ty $ e nanc~n ro ram g gp g Improvements to the I-35 interchanges at County Roads 50, 60, and 70 will be Construction of these three interchange improvements projects is expected by a key element in Lakeville's continued economic growth. Upgrades will allow better 2007. In addition to the interchange projects, the City has included other street access and improve. traffic flow and safety. The projects will also favorably impact improvement projects scheduled for completion during the 2002-2007 timeframe. the economic vitality of our community. Recognizing this, the City Counci 1, Planning Improvements to City roads include a number of necessary overlay projects to collector Commission,. and Economic Development Commission have identified the need to roads and the upgrading of 175'" St. to three lanes from Junelle Path to Ipava Avenue upgrade the three interchanges along the I-35 corridor as the City's number one in 2005, as an integral part of the County Road 50 project. The City estimates costs transportation priority. for these road improvement projects to be $5,242,341, bringing the total for interchange The City has taken a Leading role in pursuing the design of needed interchange and street projects to $56,735,837 during the next five years. improvements for the County Road 50 project. In partnership with Dakota County, "~1~, `~t~1C'tt~~~ .~31°i"~f'c~~' the City is also leading the effort on interchange improvements at County Roads 60 'To help ensure that these crucial interchange improvement projects move forward and 70. in a timely manner, the City Council, working with the financial consulting firm :"~,~~tt~~t, Springsted, Inc., has taken a proactive approach to developing an Interchange County Road 60 provides access to 1-35 for both Dakota and Scott Counties. The Financing Strategy. The proposed financing strategy is a multi-year plan using many two-phase County Road 60 interchange project has been fully funded, with Phase I ,different financing sources, which establishes a framework for completion of all recently completed by Dakota County. Phase I included additions of a northbound exit three interchange projects. ramp, a southbound entrance ramp, realignment of the frontage roads (Kenyon and The proposed strategy includes the following funding sources: Kenrick Aves.), and widening County Road 60 eastward to Orchard Trail. Dakota County was recently awarded $4.9 million in federal and state highway Fundin Sg ounce Total funding for Phase lI, scheduled to begin in May 2004. The County has contracted with Dakota County $ 19,116,985 SRF Consulting, Inc. to design Phase lI. This phase will include adding a loop to G.O. Street Reconstruction Bonds 15,036,767 accommodate eastbound traffic onto northbound I-35, replacement of the I-35 bridges M.S.A. Allotments 7,506,600 over County Road 60 to allow for additional lanes, and widening County Road 60 westward to Scott County. Simultaneously, Scott County will fund an upgrade of 185`" Federal S.T.P MnDOT 7,688,360 Street from Judicial Road to Natchez Avenue. M.S.A. Bonds 3,460,473 ~17~,CYt~' tJft'F Developer contributions 2,500,000 Storm Water Trunk Fund 713,235 SRF Consulting completed an interchange study in 1998 following public meetings Water Trunk Fund 400,662 with area property owners, which determined that new alignments were necessary to park Dedication Fund 180,228 address long-standing traffic congestion and safety concerns in the County Road 50 Tax Increment Financing 132,527 interchange area. Rather than allowing additional development that would exacerbate existing problems, the City Council adopted a moratorium in April of 2002 to delay Total amount $56,735,837 new development in the area east of 1-35, south of Fleet Farm to the Southfork Village Apartments. The Interchange Financing Strategy maximizes the use of non-property-tax The moratorium has allowed time for the City and County to develop an appropriate revenues to finance the interchange improvements. The Municipal State Aid Street design and ultimately establish an official map for the area, with the road realignments Funds (M.S.A.) and debt issuance supported with M.S.A. funds are vital elements in necessary for interchange improvements. The moratorium will remain in effect until financing the City's share ofthe interchange improvements. Additional internal dedicated the adoption of official maps and controls. The Dakota County Transportation Department has determined that the County trunk funds are components of this strategy as well. Use of these funds reduces the Road 50 interchange area is operating at capacity today. However, the County has not reliance on property taxes to finance the interchange improvements. yet programmed funding to improve the roadway until 2007. Business and property Residents of Dakota County utilize these interchanges to access the Twin Cities owners who have been pursuing development opportunities have been hindered by metropolitan area transportation system. Because of the regional significance of these current road capacity and access limitations. The concept plan being developed for interchange improvements, it is reasonable to expect financial participation by the County Road SO improvements will enable new commercial development to occur in Federal Government, the State of Minnesota, and Dakota County. the next two years. Plans will include both an interim (10-year) layout and ultimate Approximately $15 million of the improvement costs (27% of the total} would be build-out for the project. financed with General Obligation Street Reconstruction Bonds with debt repayment Because the City Council recognizes the need for these improvements, the City supported by property tax levies. Because current interest rates are at their lowest will take the lead and finance the interim construction and right-of--way acquisitions level in almost four decades, the City has an excellent opportunity to cost effectively for improvements in 2004, with anticipation of reimbursement by Dakota County in finance the improvements. 2007 and 2008. The tax impact on a $200,000 home or $1,000,000 commercial. business is !~'t~~i~~' 1~'cJCtc~ 7t/ estimated to be as follows: Even with the County Road 50 and 60 interchange projects in the works, the City Council also recognizes the importance of County Road 70 interchange improvements. Projected Tax Impact on a $200,000 Residential Homestead The design process for this interchange project is funded and underway. TKDA and Year Change from previous year Associates has been engaged to complete the final design by 2004. The opportunity to 2003 $ 20 obtain State and.. County financial commitment for this project will substantially increase 2004 7 with the completion of final design documents. 2005 12 Thee County Road 70 project involves replacement of the bridges over I-35. In 2006 12 addition to the bridge replacements, Kenrick Avenue will be realigned east of McStop 2007 12 to the intersection at Kensington Boulevard. Keokuk Avenue south of County Road 70 Pro~ected Tax Im act on a $1 000 000 Commercial/Industrial Pro ert will also be realigned to provide additional ramp spacing. The need for this project Year Change from previous year may become more prominent with the completion of a second high school in the fall 2003 $190 of 2005, located just north of County Road 70 and west of Jacquard Avenue. 2004 60 The City has estimated the tota12002-2007 construction costs as follows: 2005 85 2006 68 Year Co. Rd. 50 Co. Rd. 60 Co. Rd. 70 Total 2007 57 2002 $ 225,000 9,008,881 9,233,881 2003 8,050,000 1,100,000 9,150,000 These interchange and other road improvement projects represent a significant 2004 4,975,000 13,134,61.5 18,109,615 financial and engineering commitment for the City in the next five years. The City 2005 Council, at its December 16 meeting, will conduct a public hearing at 7 p.m. concerning 2006 the proposed interchange financing strategy. Persons with questions or concerns are 2007 15,000,000 15.000,000 encouraged to attend the hearing or contact Finance Director Dennis Feller at (952) Total $13,250,000 $22,143,496 $16,100,000 $S 1,493,496 985-4481, City Engineer Keith Nelson at (952) 985-4501, or Community and Economic Development Director David Olson at (952) 985-4421. ~'s.: ,'D°4'"~fi ~v~°t ?'-C «~'4 'r „C+~~~'~~,';'~%~a'~ xce~ ray~"~G. 'iLX. 4~ ~ \.i~c~~~:~ fib, ,h a>.t~ ~ ~ s v ,ta a a $ 'C4`~ fir' ems' i `C~~c~., ...:U s it " s.y;. :.t , ~,k ,t < v r ~ v t" i S ~y~, ~ ?i~~ 3 ir'° 4`r ~ .:..C lc.~.,. _a. .u....S E...X~._ ? ~ 4`.L.'- , v. _ .:^~l .v $i.~:n . i w j~ 3