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5. Downtown Park and Ride: Approve Feasibility CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 Fax: 952.227.1310 Senior Center Phone: 952.227.1125 Fax: 952.227.1110 Web Site www.ci.chanhassen.mn.us 5 ..... MEMORANDUM TO: Todd Gerhardt, City Manager Paul Oehme, Director of Public Works/City Engineer to. March 23, 2009 ()~. FROM: DATE: SUBJ: Downtown Park & Ride Project 08-11: Approve Resolution Accepting Feasibility Study; Call Public Hearing PROPOSED MOTION "The City Council Approves Resolution Accepting Feasibility Study; Call Public Hearing for the Downtown Park & Ride Project 08-11" City Council approval requires a super majority vote of the City Council present. BACKGROUND On February 23,2009, staff reviewed the feasibility study with Council at the work seSSIOn. DISCUSSION In 2006, Southwest Transit secured $7 million in federal funds to be used for the construction of a new Park & Ride facility in downtown Chanhassen. The new multi- level ramp could accommodate up to 400 vehicles. Currently, Southwest Transit operates a one-acre Park & Ride facility (up to 120 vehicles) behind the Chanhassen Dinner Theatres. For this project to move ahead, the City will need to take the lead in providing access to the new facility. For the past year, representatives from Southwest Transit, Bloomberg Companies, and City staff have been discussing alternative locations for the new Park & Ride facility. The criterion used to produce the preliminary design was as follows: . Provide for bus and rider access from both the east and west of the proposed ramp. . Maximize future development opportunities surrounding the Dinner Theatres. . Maximize the number of parking stalls on a minimal amount ofland. . Preserve the current location of the Chanhassen Depot. Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow Todd Gerhardt Downtown Park & Ride March 23, 2009 Page 2 Overview of the Proiect For this project to occur, the City will need to lead the effort to build a new road to access the facility. The following steps need to be completed for the road to be built: . Acquire 22,000 sq. ft. of land for the road right-of-way. . Acquire the Dinner Theatres' scene shop building. Relocate the scene shop to a new location. . Acquire the Chanhassen Depot land. . Upgrade and relocate utilities including sewer, water, gas and electricity. SUMMARY OF FEASIBILITY REPORT The project includes the construction of public roadway and utility improvements to support the proposed construction of up to a 400-car parking ramp/transit station for Southwest Transit; this is down from the original 500 stalls that were proposed last summer. By reducing the number of stalls, Southwest Transit was able to re-allocate the dollars saved to the increased costs in the road construction. However, Southwest Transit must show those lOO stalls that were reduced somewhere else in the community and staff is recommending the South Parking Lot at Lake Ann. The public improvements are proposed to be constructed in two phases. Phase 1 will include the demolition of the existing scene shop building for the Dinner Theater and a bus stop enclosure, sanitary sewer relocation, and watermain improvements to prepare for the construction of the parking ramp/transit station. Phase 2 will include street and storm drainage improvements in conjunction with the construction of the transit station. The estimated costs for the proposed improvements are detailed below. These costs include a 10 percent (10%) construction cost contingency and a 30 percent (30%) allowance for indirect costs. Proposed Improvements Estimated Cost Phase 1 Improvement . Building Demolition $ 51,500 . Sanitary Sewer Relocation $ 52,800 . Watermain Relocation $ 77,500 Subtotal $ 181,800 Phase 2 Improvements . Street Improvements $ 704,300 . Storm Sewer Improvements $ 88.100 Subtotal $ 792,400 Land Acquisition Costs . Depot Station Site $ 133,660 . Street Right-of-Way $ 400,000 . Acquisition of Scene Shop $ 300,000 G:\ENGIPUBLIC\_2008 Projects\08-11 downtown transit site imp\032309 bkgd dt parknride approve fS.doc Todd Gerhardt Downtown Park & Ride March 23,2009 Page 3 . Scene Shop Relocation Subtotal Total Project Cost $ 100.000 $ 933,660 $ 1,907,860 The improvements are proposed to be financed through a combination of assessments to benefiting property owners and City funds. The following is a summary of the proposed financing plan for the project. Financin2 Source Assessments Bloomberg Companies Southwest Transit Total Assessments City of Chanhassen Costs Total Amount $ 787,640 $ 756.260 $ 1,543,900 $ 363.960 $ 1,907,860 The proposed financing plan has been prepared based on the following criteria: . Bloomberg Companies is assessed 51 % of the street right-of-way and scene shop acquisition, building demolition, street, and storm sewer costs. . Southwest Transit is assessed 49% of the street right-of-way and scene shop acquisition, building demolition, street, and storm sewer costs. . City of Chanhassen pays 100% of the costs for depot station site acquisition, the scene shop relocation, and the sanitary sewer and watermain improvements. . All land acquisition costs assume a value of approximately $8.20/square foot. Funding for the City share of the project would come from several sources: Sanitary Sewer Utility Fund Water Utility Fund Revolving Assessment Fund Total $ 52,800 $ 77,500 $ 233.360 $ 363,960 Note: The Revolving Assessment Fund estimate is over the budgeted amount in the 2009 ClP. This increase in cost is due to the increase in costs of the project and additional negotiations with the benefiting property owners. HOW DOES THIS REDEVELOPMENT WORK? Both Southwest Transit and Bloomberg Companies have agreed to be assessed for all of the roadway costs including all of the land acquisitions (with the exception of the Chanhassen Depot parcel, which would be the responsibility of the City ofChanhassen). The only exceptions are that the City would pick-up the relocation costs for the scene shop and the outstanding assessments for Bloomberg if they bring in new developments that enhance the current tax base for parcels owned by Bloomberg Companies. The remaining property around the Park & Ride facility could potentially accommodate an apartment, retail/offices, and/or a hotel. For this to occur, the City and Bloomberg Companies would have to enter into a Master Redevelopment Agreement assuring Bloomberg G:\ENGIPUBLIC\)008 Projectsl08.11 downtown transit site impl032309 bkgd dt parknride approve fs.doc Todd Gerhardt Downtown Park & Ride March 23,2009 Page 4 Companies that the City would create a tax increment financing (TIF) district. To the degree that new taxes are generated from the TIF district, they would be used to write-down the special assessments for the new roadway. Staff is proposing to limit the amount ofTIF to ten years. If Bloomberg Companies do not enhance the tax base with new developments, they will be responsible for 100% of the assessments. Staff would bring back a Master Redevelopment Agreement to the City Council in May, 2009 for City COUncil/EDA consideration. Staff is looking for feedback from the City Council regarding the proposed changes to the new Southwest Station Park & Ride. SCHEDULE The following is a preliminary schedule for the implementation of the project: City Council Receives Feasibility Study; Call Public Hearing March 23,2009 Public Hearing and Authorize Preparation of Plans & Specs April 13, 2009 Phase 1 Improvements City Council Approves Final Plans and Specs and Authorizes Ad for Bids Bid Opening City Council Awards Contract Start Construction Complete Construction April 27, 2009 May 29,2009 June 8, 2009 July 15, 2009 August 14, 2009 Phase 2 Improvements City Council Approves Final Plans and Specs . and Authorizes Ad for Bids Bid Opening City Council Awards Contract Start Construction Complete Construction January, 2010 February, 2010 March,2010 June, 2010 August, 2010 The final schedule for the public improvements will be coordinated with the construction of the parking ramp/transit station and may change from the dates listed above. RECOMMENDATION Based upon the analysis completed as a part of this report, the proposed Downtown Transit Station Site Improvements, City Project 08-11 are feasible, necessary, cost effective, and will benefit the City of Chanhassen. Attachments: 1. Site Plan Exhibits 1-7 2. Resolution 3. erp Page c: Jon Horn, Kimley-Horn & Associates, Inc. G:\ENG\PUBLIC\_200S Projects\OS-11 downtown transit site imp\032309 bkgd dt parknride approve fs.doc 0> o o N '!d .. W. 67 th BAR BE 5 :3 ClR "' c: TR. E. to ..c: o o ::;; 0' ~ 'D Z o i= <( () o ...J I ?- m I x w I CL ::;; <( n:: ~ (/) /' UJ W t.... /' UJ I- ~ I X w /' o o <( () /' CL ::;; <( n:: I ~ UJ /' z w UJ (/) <( I Z <( I () /' >. '/":=:::-:"'::::0~UTlCA /:/-,- --.....' ':: ./---'<\\ \ / \\\ "I e Ann 0i)/ /f/71. I! 72 A' 73 _.,- // 74 ~:~' ~i 77. 78. 79. 80. 109. 112. 121. 122. SEN 2 () /' ";; U I () ~ l- /' :0.:: ci '" >- ~ ~=~ Kimlay-Horn and Associates, Inc. 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O-l(f)~ ,., '" -u-<- -l I Vl I~ -U-lZ 0 -< :u m::om-l s:>>==" N Vl Z~ 0 ~ ~O-::o 0 :::s -. ~ 0..3 > -<c-s:)> TI r om;8Z 0 ~~ .., ,., I ,., 0 ~~o~ 85 -< )> 0 ~'""Tj m zZ<(f) Z -...... x !a.:::s mOm-l I CD I ::0' s:)> )> .!'> OJ (f)Om-l (f) :::s -l IcoZ- (f) p -U~-lO m -..j ~(f)Z Z CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: March 23. 2009 RESOLUTION NO: 2009- MOTION BY: SECONDED BY: A RESOLUTION ACCEPTING FEASIBILITY STUDY; CALL FOR PUBLIC HEARING FOR THE DOWNTOWN PARK & RIDE FACILITY PROJECT NO. 08-11 WHEREAS, a report has been prepared by Kim1ey-Hom & Associates with reference to the above-referenced project, and this report is being received by the Council on March 23,2009, and WHEREAS, the report provides information regarding whether the proposed project is necessary, cost-effective, and feasible, NOW, THEREFORE, BE IT RESOLVED by the Chanhassen City Council: 1. The Council will consider the improvement of such project in accordance with the report and the assessment of abutting property for all or a portion of the cost of the improvement pursuant to Minnesota Statutes, Chapter 429 at an estimated total cost of the improvements of$1,907,860. 2. A public hearing shall be held on such proposed improvement on the 13th day of April, 2009 for the 2009 Street Improvement Project in the Council Chambers of City Hall at 7:00 PM and the clerk shall give mailed and published notice of such hearing and improvement as required by law. Passed and adopted by the Chanhassen City Council this 23rd day of March, 2009. ATTEST: Todd Gerhardt, City Manager Thomas A. Furlong, Mayor YES NO ABSENT Capital Improvement Program City of Chanhassen, MN Project # ST-021 Project Name Downtown Transit Station Site Imp 2009 thru 2013 Contact Paul Oehme Department Street Improvements Account # t Account #2 Account # 3 Type Improvement Useful Life Category StreetslHighways Priority nla Total Project Cost $1,845,000 Description I This project is a parmership between the City, Southwest Transit and private property owners. The project will relocate sewer and water utilities in the area and construct a public road for the preparation of a new 500 stall parking ramp. The street and right of way will be assessed back to the , benefiting property owners and the City will need to relocate its' public utilities. The scene shop on the property will need to be demolished and . relocated. Justification I These improvements are necessary to facilitate a, new 500 stall parking ramp proposed to be built south of the Chanhassen Dinner Theater. Expenditures Construction 2009 2010 2011 2012 2013 Total 1,845,000 1,845,000 1,845,000 Total 1,845,000 I Funding Sources AssessmenllRevolvlng Assess Developer Assessments Sewer Utility Fund Water Utility Fund 2009 144,000 1,570,000 53,000 78,000 1,845,000 2010 2011 2012 2013 Total 144,000 1,570,000 53,000 78,000 1,845,000 I Total I Operational Impact/Other , I I I I I I 106 I