HomeMy WebLinkAbout12D - 2003 Prior Lake Development Potential Study
MEETING DATE:
AGENDA #:
PREPARED BY:
PRESENTER:
AGENDA ITEM:
DISCUSSION:
4646 Dakota Street SE
Prior Lake, MN 55372
CITY COUNCIL AGENDA REPORT
June 21, 2010
12D
Danette M. Parr, Community Development and Natural Resources
Director
Danette M. Parr
CONSIDER APPROVAL OF A RESOLUTION AUTHORIZING THE
EXPENDITURE FOR A COSTIBENEFIT ANALYSIS AND UPDATE OF
THE 2003 PRIOR LAKE DEVELOPMENT POTENTIAL STUDY
Introduction
The purpose of this agenda item is to seek City Council authorization for
the following expenditures:
. A Cost/Benefit Analysis of three (3) scenarios related to the future
alignment of CR 21.
. An update of the 2003 Prior Lake Development Potential Study
related to retail, residential, and business park.
Historv
In February of 2010, the consulting engineering firm of Bolton & Menk
completed a Main Avenue/CR 21 Intersection Feasibility Study that
involved design drawings and cost estimates related to two alternatives for
access and connectivity along CR 21. As a result of that discussion, the
Economic Development Authority (EDA) asked that a third alternative be
evaluated. The third alternative would realign CR 21 southerly starting at
Duluth and moving southeasterly to a point where it would align with
Pleasant at Main Avenue and gradually continue northeasterly across the
wetland at the southeast quadrant of the TH 13/ CR 21 intersection until it
aligns once again with the existing CR 21 right of way east of the TH 13 /
CR 21 intersection. In order to fully evaluate the three scenarios and how
they would ultimately impact the long term future of Downtown, it would
appear essential that a Cost/Benefit Analysis be conducted.
In addition, an important economic development tool in establishing our
efforts related to prospective development throughout the City has been the
Prior Lake Development Potential Study. This study was most recently
conducted in 2003. Considering the lapse of time since the study was
created, a change in projected City demographics, and the downturn in the
economy, it would appear prudent that the 2003 Study be updated. It is
also noteworthy that if the 2003 Study is updated in conjunction with the
Cost/Benefit Analysis, there would be additional financial savings.
Current Circumstances
Earlier in the evening, the Economic Development Authority (EDA)
authorized a resolution approving consulting services for the Downtown
R\Council\2010 Agenda Reports\06 2110\CC - EDA !\uthonzation Repo1- EDli ConsLlltant (4) doc
ISSUES:
FINANCIAL
IMPACT:
AL TERNATIVES:
RECOMMENDED
MOTION:
Cost/Benefit Analysis and the 2003 Prior Lake Development Potential
Study. However, the EDA lacks the authority to approve expenditures
involving the general or contingency funds. For that reason, if the Council
believes it is appropriate, the Council will need to authorize these
expenditures.
Conclusion
Depending on which consultant is chosen by the EDA, one of the following,
expenditure amounts, or a combination thereof will be necessary:
. McComb Group-
- Cost/Benefit A.nalysis alone: $30,600
- Update of the 2003 Development Potential Study: $20,900
- Combined (both Cost/Benefit Analysis and Update): $37,050
or
. Maxfield Research-
- Cost/Benefit A.nalysis alone: $14,500
- Update of the 2003 Development Potential Study: $17,500
- Combined (both Cost/Benefit Analysis and 2003 Update): $26,000
While the EDA has the authority to choose the consultant to prepare the
Cost/Benefit Analysis and update the 2003 Prior Lake Development
Potential Study, it does not have the authority to direct General Fund
expenditures to cover these services.
The General Fund Economic Development budget includes $15,000 for
professional consultant services. In order to do both studies, additional
funds will be required. Staff recommends that $15,000 of the expenditure
be funded by the General Fund Economic Development budget and the
remaining balance drawn from the General Fund Contingency budget.
1. Approve a resolution authorizing funds for consultant services as
approved by the EDA to Maxfield Research in an amount not to exceed
$26,000.
2. Approve a resolution authorizing funds for consultant services as
approved by the EDA to McComb Group in an amount not to exceed
$37,050.
3. Table this agenda item for a specific reason and provide staff with
direction.
4. Deny this agenda item for a specific reason and provide staff with
direction.
Staff recommends Alternative 1 or 2, approval of the resolution authorizing
he expenditure of funds for consultant services based upon the
recommendation of the Economic Development Authority.
R\Coll ncil\20 1 0 Agonda Reports\06 21 10\CC EDA
Report- EDA Consultant (4).doc
2
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 10-XXX
A RESOLUTION AUTHORIZING EXPENDITURE OF FUNDS FOR PROFESSIONAL SERVICES WITH
RESPECT TO A COST/BENEFIT ANALYSIS RELATED TO THE COUNTY ROAD 21 ALIGNMENT
THROUGH THE DOWNTOWN AREA AND AN UPDATE OF THE 2003 PRIOR LAKE DEVELOPMENT
POTENTIAL STUDY
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
Motion By:
Second By:
The 2030 Vision and Strategic f)lan places a high priority upon the redevelopment of the
Prior Lake Downtown area; and
County Road 21 will require improvement and expansion to carry the projected traffic
flows; and
Two possible improvement alignments have been identified which include the current
configuration and a bridge option;
A third alternative which would swing CR 21 south around downtown has been discussed;
and
Additional cosUbenefit information is needed to equally evaluate all options; and
Projects including downtown streetscaping and the Arcadia/CR 21 intersection
improvements are affected by the alignment ultimately chosen; and
The economic vitality of Prior Lake's Downtown impacts the entire community for decades
to come; and
The 2003 Prior Lake Development Potential Study is in need of updating if it is to serve as
a meaningful economic development tool; and
The Prior Lake Economic Development Authority has evaluated proposals and
recommends that the CosUBenefit Analysis and 2003 Potential Development Update be
undertaken by Maxfield Research, in an amount not to exceed $26,000; and
Expenditure of funds for this purpose requires City Council authorization.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
R\Council\2010 Agenda Reports\06 21 10\CC- EDA Expenditure Resolution - Maxfield option.doc
2. Funding for these expenditures is provided as follows:
General Fund Economic Development - $15,000 (Account #1 01-46500-313) and
General Fund Contingency Budget - $11,000 (Account #101-49999-000)
3. The Mayor and City Manager are authorized to execute the agreements necessary for the
implementation of this resolution.
PASSED AND ADOPTED THIS 21st DAY OF JUNE, 2010.
YES
I Myser
I Erickson
I Hedber!j
I Keeney
I Millar
Myser
Erickson
Hedber!j
Keeney
Millar
Frank Boyles, City Manager
R\Collncil\2010 Agenda Reports\06 21 10\CC- EDA Expenditure ResollJ:iOn - Maxfield opt!ondoc
NO
2
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 10-XXX
A RESOLUTION AUTHORIZING EXPENDITURE OF FUNDS FOR PROFESSIONAL SERVICES WITH
RESPECT TO A COST/BENEFIT ANALYSIS RELATED TO THE COUNTY ROAD 21 ALIGNMENT
THROUGH THE DOWNTOWN AREA AND AN UPDATE OF THE 2003 PRIOR LAKE DEVELOPMENT
POTENTIAL STUDY
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
Motion By:
Second By:
The 2030 Vision and Strategic Plan places a high priority upon the redevelopment of the
Prior Lake Downtown area; and
County Road 21 will require improvement and expansion to carry the projected traffic
flows; and
Two possible improvement alignments have been identified which include the current
configuration and a bridge option;
A third alternative which would swing CR 21 south around downtown has been discussed;
and
Additional cost/benefit information is needed to equally evaluate all options; and
Projects including downtown streetscaping and the Arcadia/CR 21 intersection
improvements are affected by the alignment ultimately chosen; and
The economic vitality of Prior Lake's Downtown impacts the entire community for decades
to come; and
The 2003 Prior Lake Development Potential Study is in need of updating if it is to serve as
a meaningful economic development tool; and
The Prior Lake Economic Development Authority has evaluated proposals and
recommends that the Cost/Benefit Analysis and 2003 Potential Development Update be
undertaken by McComb Group, in an amount not to exceed $37,050; and
Expenditure of funds for this purpose requires City Council authorization.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
R\Collncil\2010 Agenda Reports\06 21 10\CC- ED.A Expenditure Reso!utlon -McCcmb option.doc
2. Funding for these expenditures is provided as follows:
General Fund Economic Development - $15,000 (Account #101-46500-313) and
General Fund Contingency Budget - $22,050 (Account #101-49999-000)
3. The Mayor and City Manager are authorized to execute the agreements necessary for the
implementation of this resolution.
PASSED AND ADOPTED THIS 21st DAY OF JUNE, 2010.
YES
NO
I Myser
I Erickson
I Hedber!j
I Keeney
I Millar
Myser
Erickson
Hedber!j
Keeney
Millar
Frank Boyles, City Manager
R\Council\2010 Agenda Reportsi06 21 10\CC- ED.A Expenditure Resoiulion -McComb option.doc
2