1a. Feasibility Study for North Side Parking Lot i
CITYOF
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I ... 690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317
(612) 937-1900 Action by City Administratof
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1 MEMORANDUM Mod it=cf
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TO: Don Ashworth, City Manager ∎ -- a ���-
II 1\�,kN Me S mi;:ea co Commisslort
FROM: Gary Warren, City Engineer GC7
brit o t L L11t!
IDATE: February 22 , 1989 a.-o-1 - is `�
SUBJ. Accept Feasibility Study for North Side Parking Lot
Project No. 87-17
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Attached is the updated feasibility study which was re-initiated
I by direction of the City Council on January 23, 1989 . The report
is quite complete in that it addresses existing site conditions ,
current development concepts, associated public improvements,
1 cost for these improvements and the financing proposal. The
report lays out a two-phase approach for the project recognizing
the necessity to pace the project in accordance with the building
development plans for the Medical Arts building, Riviera
1 Restaurant and Kenny ' s Market retail center (Colonial Center) .
All utilities would be constructed in Phase I while the parking
lot improvements would be done in two phases .
1 This project will serve as the vehicle for storefront remodeling
for the Colonial Center as well as for landscaping, lighting and
pedestrian walkway construction. The estimated total project
1 cost including legal , engineering, administrative and fiscal
costs is $836 ,225 . The project scope and corresponding costs
have increased approximately $116,000 from the original feasibi-
1 lity. As discussed in the report, this is due primarily to the
expansion of the parking area where the old day care site was
planned, completion of the service road north of the Colonial
1 Center, sidewalk around the Medical Arts building and the
necessity to loop the watermain and provide a sanitary sewer con-
nection for the Medical Arts (Phase I ) facility .
1 The assessment methodology is included in the report along with a
preliminary assessment roll . A "parking demand" assessment
approach has been used in this revised report to more accurately
I reflect the proportionate benefit received by the respective
businesses . This has been reviewed with all of the landowners
in the assessment district. In addition , the new roll calls for
25% of the parking lot costs to be covered utilizing tax incre-
1 ment monies .
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Don Ashworth ,
February 22 , 1989
Page 2
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Costs associated with the rehabilitation of the Kenny' s Market
retail center facade are to be directly assessed to that property
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including administrative and overhead costs. Sanitary sewer and
watermain improvement costs are also to be assessed to the bene-
fitting parcels. i
The Medical Arts building site plan received Planning Commission
approval on February 15 , 1989 and appears on Monday night' s City II Council agenda for approval . This project remains on schedule
with an anticipated opening of October, 1989 . At the February
13 , 1989 City Council meeting, the public hearing for the
attached report was scheduled for March 13 , 1989 . It is there-
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fore recommended that the City Council accept the attached
revised feasibility study for the north side parking lot improve-
ments, Project No. 87-17 and make it available for public hearing II on March 13, 1989 .
Attachment: Feasibility Study
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cc : Gary Ehret, BRW
Fred Hoisington , Hoisington Group, Inc. II Brad Johnson , Lotus Realty
Roger Pauly
Thomas Krueger, Riviera II Herb Mason , Colonial Center
HRA
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