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WORK SESSION AGENDA ITEM <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />1. Purpose. The purpose of this action item is to discuss funding of the Navarre Municipal Parking Lot. <br /> <br />2. Background. Previous work includes a public engagement process and a feasibility report. Through <br />the summer of 2022 the City Community Development Department with consultant support from Bolton <br />and Menk (BMI) completed a public engagement process with the Navarre area to evaluate possible <br />improvements to the Navarre Parking lot. Based on the feedback from public engagement, the City with <br />BMI completed a feasibility study for the project to establish key elements and an initial cost estimate for <br />the parking lot improvement. In June of 2022 Council authorized parking lot design. That design work is <br />now completed. <br /> <br />3. Scope. The project scope include the repaving and striping of the parking lot; establishment of a new <br />traffic pattern; rehabilitation of the stormwater system; and installation of lighting. <br /> <br />4. Cost. The Engineer Estimate for the construction work is $394,500. With design and engineering the <br />total comes to $457,250. A break down is provided below. <br />Category Cost Estimate Remarks <br />Parking Lot $ 235,000 <br />Lighting $ 140,300 <br />Storm Sewer $17,000 <br />Water $ 2,200 <br />Design $ 42,750 Approved NTE <br />Survey and Construction Management $ 20,000 Estimate <br />Total $457,250 <br /> <br />5. Funding. The engineering as well as the eventual project will be funded with a combination of the <br />funding sources including the Community Investment Fund, Stormwater Fund and the Water Fund. <br />There is sufficient funding available in the Stormwater and Water funds for their portion of the project. <br />However, the additional costs for the project attributable to the community investment fund provide a <br />challenge. Particularly if the city looks to the fund to pay for some projects in parks. The table below <br />shows a possible funding plan for the fund over the next couple years. <br />Project 2022 2023 2024 2025 <br />Navarre Parking Lot $ 437,750 <br />GC Parking Lot $ 40,000 <br />GC Maintenance Shed $ 190,000 <br />CSAH 112 Turn back $ 570,000 <br />Total Expanses $ - $ 667,750 $ 570,000 $ - <br />Revenues-Levy $ 219,000 $ 225,000 $ 250,000 <br />Year End Cash Balance $ 632,636 $ 183,886 $ (161,114) $ 88,886 <br /> <br />COUNCIL ACTION REQUESTED: <br />Discussion and direction on funding for the project. <br /> <br />Exhibits <br />A. Parking Lot Layout <br />B. Cost Estimate. <br />Item No.: 2 Date: January 9, 2023 <br />Item Description: Navarre Parking Lot Funding (Project #21-040) <br />Presenter: Adam T. Edwards <br />City Administrator/City Engineer <br />Agenda <br />Section: <br />Work Session