HomeMy WebLinkAbout6.p. Order Feasibility Report for Rosemount Business Park, Phase 2 Street & Utilities Improvements, City Project #308 CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: March 2, 1999
AGENDA ITEM: Order Feasibility Report-Rosemount AGENDA SECTION:
Business Park, Phase 2 Street & Utility Improvements, City Consent
Project #308
PREPARED BY: Bud Osmundson AGENDA N
City En ineer/Public Works Director � ��� � � �
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ATTACHMENTS: Resolution, PA Executive Summary and APPROVED BY:
Drawin
At the February 16, 1999 Port Authority meeting the Port Authority recommended that
the City Council initiate a Feasibility Study for public improvements for Phase 2 of the
Rosemount Business Park. The attached drawing shows the location of the improvements
which are on Boulder Avenue east of the present terminus to Biscayne Avenue and the
improvements to Biscayne Avenue from CSAH 42 south approximately 1 ,300 feet.
As the Developer, the Port Authority would assume the cost of the Feasibility Report and
construction. If this project does move forward, Staff's recommendation is to conduct a
public hearing so that half of the cost of the improvements to Biscayne Avenue can be
assessed to the property abutting it which includes property owned by the University of
Minnesota. Whether or not assessments can be collected from the University of
Minnesota can be determined at a later date. However, if the correct process is followed
at least there would be a chance of collecting these assessments. My recommendation is
to have the Feasibility Report complete and presented to the Council on April 20, 1999.
It can then be determined whether or not the project should move forward.
RECOMMENDED ACTION: MOTION TO ADOPT A RESOLUTION ORDERING A FEASIBILITY
REPORT FOR ROSEMOUNT BUSINESS PARK PHASE 2 STREET AND UTILITY
IMPROVEMENTS, CITY PROJECT #308.
COUNCIL ACTION:
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CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 1999 -
A RESOLUTION ORDERING A FEASIBILITY REPORT FOR
ROSEMOUNT BUSINESS PARK PHASE 2 STREET AND UTILITY IMPROVEMENTS
CITY PROJECT #308
WHEREAS, the City Council of the City of Rosemount deems it necessary to investigate
the feasibility of the Rosemount Business Park Phase 2 Street and Utility Improvements,
City Project #308.
NOW THEREFORE BE IT RESOLVED, the City Engineer is directed to have the necessary
feasibility report prepared for the Rosemount Business Park Phase 2 Street and Utility
Improvements, City Project #308.
ADOPTED this 2nd day of March, 1999.
Cathy Busho, Mayor
ATTEST:
Susan M. Walsh, City Clerk
Motion by: Second by:
Voted in favor:
Voted against:
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
PORT AUTHORITY COMMISSION MEETING DATE: February 16, ]999
AGENDA ITEM: Feasibility Report for Business Park AGENDA SECTION:
New Business
pREPARED BY: Dan Rogness, Community Development AGENDA NO.
Director Cp� U '
ATTACHMENTS: Map of Proposed Improvement Area, Phase 2 APPROVED B •
Staff presented cash flow analysis information at the last meeting regarding the Rosemount Business Park. Due
to the high balance of$700,000+within the improvement fund, staff is recommending that a city-initiated
feasibility report be completed for these public improvements to start in 1999. A very prel'uninary review of
these improvements by SEH last year resulted in a total cost estimate of$1.5 million for Phase 2. The pros of
completing these improvements now rather than waiting for a project include:
1. The fund balance in this account is high with annual revenue exceeding debt service;
2. This project anticipates assessments to be levied against some adjacent property owners, which will
allow them an early opportunity to voice concerns;
3. The installation of new streets and utilities will not have the potential of delaying future development
projects that may be on a fast-track process; and
4. The additional improvements may provide further incentives for the 80-acres (and beyond to the south)
to be developed sooner than later.
RECOMMENDED ACTION: MOTION to Recommend that the City Council Initiate a Feasibility Study
for Public Improvements for Phase 2 of the Rosemount Business Park.
COUNCIL ACTION:
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