HomeMy WebLinkAbout09 16 2013 EDA Report 7C
4646 Dakota Street SE
Prior Lake, MN 55372
ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT
MEETING DATE: September 16, 2013
AGENDA #: 7C
PREPARED BY: Dan Rogness, Community & Economic Development Director
AGENDA ITEM: DOWNTOWN PARKING OPTIONS – ERIE AVENUE
DISCUSSION: Introduction
The purpose of this agenda item is to update the EDA on one downtown initiative
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that was previously discussed at the July 15 and August 19 meetings.
History
The EDA has periodically discussed property and various initiatives within the down-
town area. Discussion on sites may relate to public or private projects. Examples
include the city’s sale of land for the Rock Creek building, and TIF assistance for the
Premier Dance Studio.
Current Circumstances
The EDA has discussed the possibility of providing a financial incentive (grant) to
encourage the demolition of a vacant blighted house on Erie Avenue, which is lo-
cated on the Monnens Lumber property in exchange for the temporary use of the
property for public parking purposes.
The typical cost range to demolish a house is $10,000-$15,000. The EDA asked
staff to evaluate additional public parking that could potentially be constructed along
the east side of Erie Avenue as a benefit to working with the Mertens’. Staff deter-
mined that insufficient right-of-way exists to add 90-degree parking along that side
of the street. However, the EDA asked staff to further evaluate some type of tem-
porary off-street parking lot.
Conclusion
The attachment shows that 8 parking spaces could potentially fit on the parcel that
includes the house and garage, but only if zero-setbacks are utilized. Existing
trees can be preserved with this layout.
ISSUES: Prior Lake City Code requires that parking surfaces, even if temporary, must be hard
surface (meaning concrete or bituminous). Since there is no provision for a tempo-
rary parking lot, a sidewalk should also continue along the east side of Erie, if pos-
sible.
Staff needs to further evaluate storm water drainage options. The project cost would
increase if curb/gutter was added. An alternative would be to test either pervious
pavers or pervious bituminous.
We are assuming that the property owner would allow the EDA to lease the property
for five years in exchange for the grant to demolish the building and cap the well
and septic. This assumption will need to be confirmed.
Assuming the above is true, the EDA will have invested approximately $47,000 in
this parking lot (not including annual maintenance). This means the city would invest
$5,875 per parking stall over the five years or $1,175 per stall per year.
Finally there is some possibility that the property owner will agree to allow this use
only if the city agrees to demolish the parking lot at the end of the lease period. This
would add to the cost as well.
FINANCIAL Estimated $3,000 per stall without curb/gutter ($24,000) versus $4,000 per stall
IMPACT:
with curb/gutter ($32,000). Project costs can come from the downtown TIF fund.
This is in addition to the $15,000 grant for demolition.
ALTERNATIVES: 1. Direct staff to discuss and finalize this plan with the Merten’s, including the
demolition of the existing house and garage.
2. Provide the $10,000 to $15,000 grant to demolish the building only.
3. Do neither and take no action.
RECOMMENDED As directed by the EDA
MOTION:
ATTACHMENT:
Preliminary surface parking lot design
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