A Brief History of the Separated Grade Crossing Oct 2004 Res 3560 Growth Policy 2015 Res 4525 MRL MOU Res 4548 Sunrise Dr Res 4621 Buy Agreement 2010 Res 4101 MDT MOU Res 4112 Task Order #2 May 1995 Res 2573 Masterplan Mar 1977 Res 1678 BNSF request Time Warp Add your own dates and event details to the flag markers. Move the flags along the timeline to match your event dates. Copy and paste a flag to add more. Apr 2008 Res 3927 Mill Levy Dec 2017 Res 4770 NorthSide Study 1977 1994 2000 2010 2018
Railroad Separated Grade Crossing Funds Expended to Date Federal State Local Total Expenditures Legal Advertisements $169.80 $169.80 TD&H $399.00 $399.00 Lobbying $2330.59 $2330.59 Appraisal $3000.00 $3000.00 Alternative Access Feasibility $4087.50 $4087.50 City Utility Relocations $9591.12 $9591.12 MRL MOU $11,163.00 $11,163.00 MDT – Environmental Oversight $14,628.44 $14,628.44 Alternate Sunrise Dr $15,104.69 $15,104.69 RR Utility Relocations $22,101.13 $22,101.13 Overpass/Underpass Concept Analysis $35,862.27 $35,862.27 TIGER Grant Applications $38,769.75 $38,769.75 Transfer to MDT $97,649.02 $97,649.02 Environmental Documents $178,587.49 $178,587.49 MDT – PE Oversight & IDC $186,829.86 $186,829.86 ROW Purchase $249,772.42 $249,772.42 Design $729,970.14 $729,970.14 Total Expenditures to Date: $1,600,016.82
Where do we go from here?
Comprehensive Plan for Growth Traffic Flow Safety Alternate Transportation Solve Other Infrastructure Problems Design for Future Growth
What is needed now? Front Street Extension Separated Grade Crossing Bike/Pedestrian Path Water Loop Sewer Main Connection
Pessimistic Cost Estimates Planning/Environmental $2M Administration $2M ROW Acquisition $1M Sewer $1.5M Water $1M Front St Extension $4M Separated Grade Crossing $12M
Funding Strategies 1.) Walk Away Now – repay $916,800 2.) Save for Future Construction – repay $916,800 3.) Fund Entire Project and Move Forward
Funding a $23.5M Project Urban Route Funds ($2.5M) Utility Costs from Water/Sewer Funds ($2.5M) City Mill Levy ($9M) – General Obligation Bond Special Improvement District (SID) ($9.6M) Impact Fees to Cover Unforeseen Costs Pursue Grants to Reduce Mill Levy and SID Obligations
Cost to Taxpayers Urban Route Funds – Opportunity Cost Utility Costs – Unknown Mill Levy - $9M over 20 years = approximately $140/yr SID – varies greatly by district boundary and is addition to Mill Levy $9.6M over 20 years ranges from $390/yr to $580/yr Cost shrinks as new properties are added to the district Grant money could offset Mill Levy, SID or a combination
What is our next Milestone? Aug 2018 2018