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CR 08-016 Transit Oriented Deveopment Program, Blake Rd., BeardOITY OF HOPKINS February 19, 2008 Council Report 2008-016 HENNEPIN COUNTY TRANSIT ORIENTED DEVELOPMENT PROGRAM -Blake Rd Proposed Action Staff recommends adoption of the following motion: Approve Resolution 2008-017 supportin an application to Hennepin County'sTransit Oriented Development Program for the Blake Rd Corridor. Overview Hennepin County's Transit Oriented Development (TOD) Program funds projects that promote a mixture of housing, retail, and workplaces within walking distance of transit to maximize access and use of that transit. TOD funds are intended to supplement existing available resources and increase use of transit in Hennepin County. Blake Rd is a county corridor, and the section of the road from the LRT trail to Highway 7 poses many challenges for access to neighborhoods, retail, workplaces, and transit stops. The LRT station planned along the trail and the Blake Rd Corridor will only exacerbate access issues along the corridor for pedestrians, bicyclists, and drivers. The time is ripe for physical redevelopment of the area and desperately needed streetscape improvements will help catalyze redevelopment and prepare to accommodate new users to the area. In addition to the new riders expected from LRT construction, which is still at least 5 years away, the Atlas site has recently been purchased with the intention of redevelopment. The size of the Atlas site (17 acres) is such that a new use on the site will further burden a streetscape that is already underserving existing residents, shoppers, and workers along the Blake Rd Corridor. Primary Issues to Consider • What will the application consist of? Supporting Information • Resolution 2008-017 Ta a Beard Community Development Coordinator Financial Impact: $ 0 Budgeted: Y/N Source: Related Documents (CIP, ERP, etc.): Notes: Council Report 2008-016 Page 2 Analysis of Issues The County's TOD Program is making available $2 million in Capital Bond funds to support TOD projects in 2008. City staff is still working on the application and cost estimates but plans at a minimum to ask for enough funds to provide a concrete sidewalk on both sides of the corridor between the property line and existing curbs. As an indication of matching local funds, staff is proposing to remove the cost of constructing sidewalks where the right of way fronts the Atlas site, with the intention of building those sidewalks as a part of future redevelopment. The cost of constructing sidewalks along the Atlas site will be stated in the application as a local match for any TOD funds awarded. New sidewalks along the Atlas site are likely to be incurred by the future redeveloper. If additional funding for other streetscape amenities seems supportable, the grant application will also include requests for funds to provide ornamental fencing, boulevard trees, lighting and benches where space is available. CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 2008-017 RESOLUTION SUPPORTING TRANSIT ORIENTED DEVELOPMENT GRANT APPLICATION TO HENNEPIN COUNTY HOUSING AND REDEVELOPMENT AUTHORITY BE IT RESOLVED, that the city of Hopkins, in accordance with Minnesota Statutes 3838.77, subd. 3., supports the Transit Oriented Development grant application submitted to the Hennepin County Housing and Redevelopment Authority on February 21, 2008, by the City of Hopkins for the Blake Rd Corridor. Adopted this 19th day of February 2008. By Eugene J. Maxwell, Mayor Attest: Terry Obermaier, City Clerk.