7.2. SR 02-07-1994
M~
CONSL'LTlNG ENGL\U
CIVil ENGINEERING
ENVIRONMENTAl
MUNICIPAl
PlANNING
STRUCTURAl
.URVEYING
TRAFFIC
TRANSPORTA nON
1326 Energy Pork Drive
St. Paul, MN 55108
612-644-4389
Fox: 612-644-9446
_800 Shelard Parkway
Minneapolis, MN 55441
612-546-0432
Fox: 612-544-6398
1 S2-0203.feb
ITEM 7.2.
February 2, 1994
File: 230-152-10
Honorable Mayor and City Council
City of Elk River
13065 Orono Parkway
Elk River, MN 55330
RE: ELK PARK CENTER FEASIBILITY STUDY
Dear Council Members:
Attached is a copy of the Feasibility Study for the Elk Park Center project. The rear portion
of the Feasibility Study contains four appendices that contain much of the information
leading up to the point in time that this study was authorized. The study discusses all
necessary improvements for the development of Elk Park Center. This would include
internal street and utilities, trunk utilities, and external street improvements primarily on
School Street and Jackson Avenue. The estimated total cost for all improvements discussed
within the report is $4,541,900.
The financing section of the report discusses the recommended cost split between the
developers of Elk Park Center, other properties benefitted by the improvements, and the
City. I will be prepared at Monday evening's City Council meeting to discuss any issues
regarding this study in detail.
The project schedule in the report, which has been previously distributed to the City Council,
lays out a rather aggressive schedule for completing the public improvements concurrently
with other issues related to the development. The schedule is set such that all public
improvements including streets would be accomplished in 1994, anticipating an early 1995
opening of the commercial stores in the shopping center. It is anticipated that all parties
proposed to be assessed for the proposed improvements will waive their rights to a public
hearing; therefore, the schedule indicates that at Monday evening's meeting the City Council
will be asked to consider a resolution authorizing the preparation of plans and specifications.
A draft resolution is attached for the Council's consideration. After discussion of the
Feasibility Study, City staff would recommend the Council consider the attached resolution.
Adoption of the resolution should be contingent upon the developer's placing an adequately-
sized escrow account to cover work to date plus work anticipated for the plans and
specifications on the improvements internal to the shopping center.
e
e
e
lS2-0203.feb
Honorable Mayor and City Council
February 2, 1994
Page Two
As I indicated previously, I will be in attendance at Monday evening's meeting and prepared
to discuss the Feasibility Study in detail and answer any questions you may have.
Sincerely,
MSA, CONSULTING ENGINEERS
T2~
TJM:tp
Enclosures
e
e
e
RESOLUTION 94 -
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ORDERING PREPARATION OF
PLANS AND SPECIFICATIONS IN THE MATTER OF
THE ELK PARK CENTER IMPROVEMENT OF 1994
WHEREAS, the City Council has duly considered the Feasibility Report; and
WHEREAS, those properties anticipated to be assessed for the proposed improvements are
expected to waive their right to a public hearing;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River,
Minnesota:
1. MSA, Consulting Engineers is hereby designated as Project Engineer for this
improvement. The Project Engineer is directed to prepare plans and specifications
for the making of the improvement and the solicitation of competitive bids.
Passed and adopted this 7th day of February, 1994.
Henry A. Duitsman, Mayor
ATTEST:
Sandra A. Thackeray, City Clerk
152-0203.feb