Dec 11, 2023 Economic Development Corp. (Type A)

ALL RIGHT. HELLO, EVERYONE.

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FIRST ITEM ON OUR AGENDA IS CITIZEN APPEARANCES.

THIS IS A TIME IN WHICH ANYONE IN ATTENDANCE THAT WANTS TO SPEAK TO THE BOARD ON AN ITEM THAT'S NOT POSTED ON THE AGENDA SHALL SPEAK.

UH, DO I HAVE ANY REQUESTS FROM ANYONE? I SEE NONE, SO WE'LL MOVE ON TO ITEM THREE.

[3.A. Consider approval of the minutes from the November 13, 2023 Economic Development Corporation (Type A) meeting. (Staff Contact: Amanda Campos, City Secretary)]

UH, THE MINUTES ARE BEFORE YOU MEMBERS.

UH, IF YOU'D LIKE TO LOOK AT THEM, I'LL BE READY FOR A MOTION WHEN YOU ARE.

MOVE TO APPROVE MINUTES.

I'LL SECOND. OKAY.

I HAVE A MOTION BY JOHNSON AND A SECOND BY RUSSELL TO APPROVE ALL THOSE IN FAVOR.

MOTION PASSES BY UNANIMOUS VOTE.

[3.B. Consider approval of resolution 4A12112023ChisholmSummitLakewoodDr authorizing the reimbursement of R.A. Development, Ltd., for costs associated with installation of pedestrian and street lighting along Lakewood Drive pursuant to an existing Chapter 380 and Economic Development and Performance Agreement in the amount of $599,413.50. (Staff Presenter: Errick Thompson, Director of Public Works & Engineering)]

THIS WILL BE PRESENTED BY ERRICK THOMPSON, DIRECTOR OF PUBLIC WORKS AND ENGINEERING.

GOOD AFTERNOON.

UH, I'VE GOT A VERY SHORT ITEM FOR YOU THIS AFTERNOON, UH, FOR AUTHORIZING REIMBURSEMENT OF LANDSCAPING OR STREET LIGHTING AND PEDESTRIAN LIGHTING FOR THE LAKEWOOD PROJECT.

AS YOU RECALL, LAST MONTH WE HAD AN ITEM BEFORE YOU THAT DEALT WITH BURYING SOME OVERHEAD ELECTRIC LINES.

UH, THIS IS KIND OF A COMPANION PIECE THAT WASN'T QUITE READY LAST MONTH.

SO IT'S BEFORE YOU TODAY.

UH, YOU MAY RECALL THAT, UH, THERE'S AN EXISTING 380 AGREEMENT WITH THE CITY AND RA DEVELOPMENT.

RA ACTS AS THE CITY'S DEVELOPER FOR BUILDING LAKEWOOD DRIVE AND ALSO DESIGNING IT.

UM, THAT WOULD INCLUDE THE STREET LIGHTING AND PEDESTRIAN LIGHTING THAT WE'RE BRINGING BEFORE YOU TODAY.

UH, THAT AGREEMENT, UH, MAKES THE CITY ARE RESPONSIBLE FOR REIMBURSING RA DEVELOPMENT FOR THESE DESIGN AND CONSTRUCTION COSTS.

I THINK WHAT DRIVE, AGAIN, IS A FOUR LANE DIVIDED ALMOST OR OVER 7,000, UH, FOOT LONG, UH, NEW HIGHWAY THAT'S WELL UNDERWAY, WELL UNDER CONSTRUCTION AT THIS POINT.

WE ALSO HAVE TEN FOOT SHARED USE PATHS ON, UH, EACH SIDE OF THE ROADWAY.

IT INCLUDED THE BURYING OF THE ELECTRIC LINES THAT EXIST TODAY ABOVE GROUND BETWEEN COUNTY ROAD 1016 AND COUNTY ROAD 1020.

AND IT ALSO INCLUDES PEDESTRIAN STREET LIGHTING FROM COUNTY ROAD 1020 UP TO THE FM 1902 TERMINUS TO THE NORTH.

UH, THIS SLIDE GIVES YOU A LITTLE VISUAL IDEA OF WHAT SOME OF THE STREET LIGHTING INFRASTRUCTURE WILL LOOK LIKE.

UH, ON THE LEFT, YOU'VE GOT THE ANTIQUE WASHINGTON PEDESTRIAN LIGHT, UH, STYLE LIGHTS.

UH, THE SECOND PHOTO FROM THE LEFT GIVES YOU AN IDEA OF WHAT THE MEDIAN, UH, LIGHTING WILL LOOK LIKE.

UH, 20 FOOT, 26 FOOT TALL COPPERHEADS.

UH, AND THEN AT INTERSECTIONS, THERE MAY ALSO BE A SINGLE, SINGLE HEAD COBRAS AT INTERSECTIONS.

PICTURE ON THE FAR RIGHT GIVES YOU A LITTLE BIT OF IDEA OF SOME OF THE ELECTRICAL SWITCHGEAR AND THE INFRASTRUCTURE NEEDED FOR THE ELECTRICAL COMPONENTS, UH, THAT ARE ALL TO BE INSTALLED BY UCS.

SEVERAL MONTHS AGO, PHOTOMETRIC ANALYSIS WAS UNDERTAKEN TO TRY AND DETERMINE THE OPTIMAL SPACING OF THE LIGHT POLES FOR BOTH THE FOR BOTH THE PEDESTRIAN AND THE STREET LIGHTING.

UH, SO THE IMAGE ON THE RIGHT KIND OF GIVES YOU AN IDEA OF WHERE THOSE 95 DIFFERENT LIGHT POLES WILL BE LOCATED, APPROXIMATELY.

UH, IT'S A TOTAL OF ABOUT 121 LIGHTS ALTOGETHER.

AND AGAIN, ALL THE POLES WILL BE BLACK POWDER COATED.

SO TALK A LITTLE BIT ABOUT MONEY.

UH, THE ECONOMIC DEVELOPMENT BUDGET INCLUDED $25 MILLION FOR LAKEWOOD DRIVE.

UH, THAT INCLUDED $18 MILLION FOR THE CONSTRUCTION OF LAKEWOOD, INCLUDING A CONTINGENCY, ANOTHER $3.5 MILLION FOR PEDESTRIAN STREET LIGHTING AND THE BURIAL OF THE ELECTRIC LINES THAT ARE OVERHEAD BETWEEN 1016 AND 1020.

UM, AND THE BALANCE OF THAT WOULD BE $2.5 MILLION FOR LANDSCAPING.

UH, SO LANDSCAPING AND BURYING ELECTRICITY, THE ELECTRIC LINES WE TALKED TO YOU ABOUT LAST MONTH.

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BURYING THOSE ELECTRIC LINES IS ABOUT A LITTLE UNDER $700,000 AGAINST THE BUDGET OF A MILLION.

SO WE'RE LOOKING GOOD THERE.

UH, PEDESTRIAN AND STREET LIGHTING WAS BUDGETED AT $2.5 MILLION.

WE'RE WELL UNDER THAT BUDGET, AND THAT'S PRIMARILY DUE TO SOME EQUIPMENT THAT CAN BE LEVERAGED BY UCS BY DOING THIS IN CONJUNCTION WITH SOME OTHER IMPROVEMENTS THAT THEY'LL NEED TO MAKE TO SUPPORT CHISHOLM SUMMIT ON THE WHOLE.

UM, SO WE'RE WELL UNDER BUDGET WITH THE ITEM BEFORE YOU TODAY AT JUST UNDER $600,000.

UM, WE ANTICIPATE AT THIS POINT THERE WOULD BE AT LEAST $2.2 MILLION IN UNDERRUNS ON THE ON THE OVERALL PROJECT.

AND WE HAVEN'T TALKED ABOUT THE VERY FINE DETAILS OF LANDSCAPING YET.

WE TALKED TO YOU ABOUT THAT LAST MONTH.

UH, AND ALL OF THE OPTIONS THAT WE PRESENTED WERE WELL UNDER THE $2.5.

BUT AS THAT DESIGN BECOMES CLOSER TO FINAL, WE'LL HAVE HARDER, MORE FIRM NUMBERS.

SO AGAIN, WE THINK OVERALL, THE $25 MILLION LAKEWOOD BUDGET WILL HAVE AT LEAST $2.2 MILLION IN UNDERRUNS.

SO, UH, TODAY WE'RE ASKING THAT YOU WOULD APPROVE A RESOLUTION AUTHORIZING THAT WE REIMBURSE RA DEVELOPMENT FOR THE PEDESTRIAN AND STREET LIGHTING COSTS AND FOR JUST UNDER $600,000.

I THANK YOU, ERRICK.

I ESTIMATE CONSTRUCTION COSTS FOR A LIVING, AND, UH, THE UNDERRUN OF A CONSTRUCTION COST ITEM IS ONE OF THE MOST BLISSFUL THINGS THAT CAN HAPPEN TO ME.

SO IT'S GOOD TO SEE THAT.

UM, AND I THINK, GIVEN OUR DISCUSSION ON THE LANDSCAPING, THAT THIS WILL TAKE SOME OF THE STING OUT OF WHAT I THINK WE'VE DIRECTED STAFF TO DO.

SO HOPEFULLY THAT'LL UNDERRUN AS WELL.

SO ANY QUESTIONS FROM ANYONE ON THIS? OKAY. UH, IF THERE ARE NO QUESTIONS, I'LL TAKE A MOTION.

I'LL MOVE TO APPROVE THE RESOLUTION.

OKAY. I HAVE A MOTION TO APPROVE BY RUSSELL, SECOND BY ANDERSON.

ALL THOSE IN FAVOR? ALL RIGHT. AND THAT MOTION PASSES BY UNANIMOUS VOTE.

UH, NEXT ON OUR AGENDA IS, UH, REQUEST FOR FUTURE AGENDA ITEMS OR REPORTS.

DOES ANYONE HAVE ANY SUCH REQUESTS? OKAY, I SEE NONE. AND HAVE WE A NEED FOR EXECUTIVE SESSION? WE DO NOT. THEREFORE, WE WILL ADJOURN THE MEETING AT 4:58.

* This transcript was compiled from uncorrected Closed Captioning.