Loading...
HomeMy WebLinkAbout05.20.2019 Infrastructure Benefit Study CC WorkshopInfrastructure Benefit Study CITY OF PRIOR LAKE Agenda -Project Understanding -Allocation Process -Allocation Example -Next Steps -Statutory Guidelines (Minnesota Statute Chapter 429) -Questions Project Understanding Allocate future infrastructure costs to benefiting developable properties -Confirm future projects and costs -Coordinate with City staff to confirm future land use, population, and employment -Allocate infrastructure costs to parcels based on proportional use -Understand and prepare for appropriate statutory requirements (Chapter 429 process) Allocation Process Infrastructure Cost Allocation Proportion Developable Parcels Parcel Proportion Infrastructure Cost Allocation Proportion Developable Acreage Parcel Proportion Future Projects Intersection Project Number Location 1 CH 21 / Revere Way 2 Hwy 282 / CH 17 3 CH 12 / CH 17 4 CH 82 / CH 17 5 CH 42 / O'Loughlin Prop. 6 CH 21 / North Berens Rd. 7 CH 21 / Fountain Hills Dr. 8 CH 42 / Pike Lake Trl. 9 CH 42 / Meadowlawn Trl. 10 CH 18 / 138th St. 11 CH 42 / Crownline-Aspen 12 CH 21 / Carriage Hills Pkwy. 13 Hwy 13 / Franklin-Anna Infrastructure Cost •Cost estimates were provided by the City Project Number Type City Cost Share Location Improvement Total Project Cost (est.) City of PL Share 1 Intersection $ 1,500,000 CH 21 / Revere Way Full signalized intersection, turn lanes, ROW acquisiiton $6,000,000 25% 2 Intersection $ 2,500,000 Hwy 282 / CH 17 Full signalized intersection, turn lanes, ROW acquisiiton $5,000,000 50% 3 Intersection $ 2,000,000 CH 12 / CH 17 Full signalized intersection, turn lanes, ROW acquisiiton $4,000,000 50% 4 Intersection -CH 82 / CH 17 Full signalized intersection, turn lanes, ROW acquisiiton $4,000,000 0% 5 Intersection $ 400,000 CH 42 / O'Loughlin Prop.No signal, turn lanes, ROW acquisition $1,600,000 25% 6 Intersection $ 1,000,000 CH 21 / North Berens Rd. Full signalized intersection, turn lanes, ROW acquisiiton $4,000,000 25% 7 Intersection $ 2,000,000 CH 21 / Fountain Hills Dr. Full signalized intersection, turn lanes, ROW acquisiiton $4,000,000 50% 8 Intersection $ 2,000,000 CH 42 / Pike Lake Trl. Full signalized intersection, turn lanes, ROW acquisiiton $4,000,000 50% 9 Intersection $ 2,000,000 CH 42 / Meadowlawn Trl.Full signalized intersection, turn lanes, ROW acquisiiton $4,000,000 50% 10 Intersection $ 2,000,000 CH 18 / 138th St. Full signalized intersection, turn lanes, ROW acquisiiton $4,000,000 50% 11 Intersection $ 2,000,000 CH 42 / Crownline-Aspen Full signalized intersection, turn lanes, ROW acquisiiton $4,000,000 50% 12 Intersection $ 500,000 CH 21 / Carriage Hills Pkwy.3/4 intersection, turn lanes, ROW acquisition $1,500,000 33% 13 Intersection $ 2,500,000 Hwy 13 / Franklin-Anna Full signalized intersection, turn lanes, ROW acquisiiton $5,000,000 50% Total $ 20,400,000 $51,100,000 Infrastructure Cost Allocation Proportion Developable Acreage Parcel Proportion Allocation Proportion Future Roadway Network Population and Employment Forecasts 2040 Land Use Plan 2040 Land Use Allocation Proportion Traffic Analysis Zones •TAZ’s are used to determine allocation •Allocation is estimated based on population and employment data for each TAZ Infrastructure Cost Allocation Proportion Developable Parcels Parcel Proportion Developable Parcels •368 total developable parcels were identified by city staff •Wetlands were removed from parcels to determine developable acreage •Developable parcels near projects will be allocated infrastructure costs Project Benefit Area •Developable parcels near each project were determined based on proximity •Considered potential travel patterns and roadway network configuration Infrastructure Cost Allocation Proportion Developable Acreage Parcel Proportion Allocation Formula Developable Land Proportion Parcel Developable Acreage / TAZ Developable Acreage Allocation Proportion TAZ Allocation / Total Project Parcel ProportionX=Formula: Variable Calculation: Parcel Proportions Next Steps •Coordinate with City to finalize allocation •Deliver allocation tool to City for future use •Document the assumptions, methodology, and results in a technical memorandum •Minnesota Statute Chapter 429 Process Minnesota Chapter Statute 429 Process Chapter 429 gives municipalities the authority to charge special assessments for specific capital improvements that enhance the property value of a defined area. The municipality may charge for the costs of an improvement based upon the benefits received. Example:If a street needs to be widened or repaired, the homes living adjacent to the street will benefit from the improvement and the City can assess them for this increased value. Questions