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HomeMy WebLinkAboutIFAC memo Highland Main 062119 Memorandum REPORT TO: Impact Fee Advisory Committee FROM: Shawn Kohtz, City Engineer SUBJECT: Request to Alter the Street Impact Fee Schedule to Accommodate Increased Costs Associated with the Highland and Main Intersection Improvements MEETING DATE: June 27, 2019 Committee Members: The purpose of this meeting is to ask for your consideration and endorsement of a change to the 2018-2022 Street Impact Fee Capital Improvement Plan (CIP) to allocate additional funds from the street impact fee program to the Highland & Main Intersection Improvements (SIF112). The Developer of the Heebs Project, East Main Investments, LLC, entered into an agreement with the City to install improvements to the Highland and Main Intersection. That agreement is attached for reference. The agreement commits $120,000 to the Highland & Main Intersection Improvements described in Street Impact Fees Project Number SIF112. Those funds are available for reimbursement to the developer upon completion of intersection improvements. The attached letter from East Main Investments, LLC describes a request for additional funds for improvements to the intersection at Highland and Main. The original estimate for the work was $241,781. The actual cost of the project is much higher (approximately $1.1 million). The Developer provided a summary of the actual project costs in a submittal titled “Highland Boulevard & Main Improvements Design & Cost Breakout”, which is attached. The primary reason for the higher project cost is that Montana Department of Transportation (MDT) required significantly more improvements to the intersection than originally anticipated. The City and Developer met with MDT in 2016 to review the intersection preliminary design concept and had verbal agreement from MDT on the layout, resulting in the $241,781 project cost estimate. Upon submittal of the detailed design, MDT required substantially more improvements, and multiple additional meetings with MDT followed beginning November, 2017 through summer of 2018 to arrive at a final design. The final design resulted in the $1.1M improvement cost. I met with City Management to discuss the Developer’s request for additional funds. We reviewed the Street Impact Fees CIP to determine available funds to help offset the additional cost of the project. Public Works Staff and the City Manager agreed to propose $130,000 in additional impact fee credits to the Developer. This proposal is now brought to the Impact Fee Advisory Committee for consideration. The Developer requested a much higher participation from the City Impact Fee Program at an additional $630,000. However, the request of $630,000 cannot be accommodated without removing another project from the priority list in the CIP. The City is not obligated by agreement to participate in the intersection costs at a level greater than the original $120,000 committed to the project. The items that were not included in the original budget, which are additional scope items include the following:  Alterations to the northern leg of the intersection  New signal poles and mast arms  Alterations to the eastbound lane configuration  Alterations to the signal heads and electronic control systems  Additional engineering to alter the original design  Additional construction administration, inspection, testing & oversight to accommodate the altered project The Developer presented a summary of the scenario to the City Commission in December, 2018 when requesting a variance to the timing for completion of the intersection. The Commission Video of the presentation can be viewed here. Engineering, Public Works, and City Management staff are supporting this request to offset additional costs associated with this project that benefits the community. Staff are proposing an additional $130,000 in impact fee credits to be committed to reimburse the Developer for the increased costs of the project. If approved, the Impact Fee Payment Agreement between the City and the Developer will be amended to reflect the impact fee credits proposed. Encl. Copy of City of Bozeman Impact Fee Payment Agreement between City and East Main Investments, LLC Letter Request from East Main Investments, LLC, dated May 9, 2019, “RE: Blackmore Bend – East Main Street and Highland Boulevard Intersection Upgrades” Submittal from East Main Investments, LLC, dated 1/11/19, “Highland Boulevard & Main Improvements Design & Cost Breakout” Street Impact Fee Project Number SIF112 Summary