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6.2 EDSR 04-21-2014 C ] *.'.•••••-• Request for Action River To Item Number Economic Development Authority 6.2 Agenda Section Meeting Date Prepared by General Business April 21,2014 Jeremy Barnhart,Deputy Director, CODD Item Description Reviewed by FAST study implementation Reviewed by Action Requested Receive update Background/Discussion At the March meeting, the EDA directed staff to obtain an appraisal of the Yale Court property, as well as complete a feasibility study for the development of the street connection between Yale Court and 170th, associated with the implementation of the FAST study. Since then, the EDA has retained the services of Home Value Appraisals to complete the appraisal; the report should be completed prior to the May EDA meeting. Also, the City Engineer will include the necessary engineering work for the street connection in his request for proposal for engineering services as part of the 2015 street construction project, expected to be advertised in the next two weeks. Financial Impact Appraisal cost was quoted at 3,500. No estimate for the engineering work has been developed. Attachments • N/A 11 / EREI IT NATURE