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HomeMy WebLinkAbout[05d] Wobegon Trail Extenstion Council Agenda Item 5(d) CITY OV ST JOSEPH MEETING DATE: January 9,2017 AGENDA ITEM: Wobegon Trail Extension SUBMITTED BY: Administration BOARD/COMMISSION/COMMITTEE RECOMMENDATION: In 2015 Pete Theisman from Stearns County Park approached the Park Board about allocating funding for the shortfall of the Wobegon Trail from St.Joseph to St.Cloud. The Park Board recommended the Council designate up to$200,000 to fund the project shortfall for funding the trail. The request was based on the percentage of trail in the City limits and the amount of shortfall, which at that time was just over 1M. PREVIOUS COUNCIL ACTION: The City Council accepted the recommendation of the Park Board and designated up to$200,000 based on the information presented by Pete Theisman and with the understanding that all the municipalities impacted by the trail extension would contribute their apportionment as well. In 2015 the City affirmed that the contribution for the shortfall of the Wobegon Trail extension was with the understanding that all impacted jurisdictions would commit as well. BACKGROUND INFORMATION: In an effort to understand the financing needs and shortfall as it exists today, the Administrator from Waite Park, St.Cloud and St.Joseph met with County Administrator Mike Williams. Mike provided a financial summary illustrating all the costs and revenue sources. Based on this information,the short fall for the extension is$823,802. The amount of funding received was not allocated based on the percentage of trail in each jurisdiction;therefore it is proposed that St.Joseph,Waite Park and St.Cloud each contribute$200,000 and Stearns County will contribute$232,802. Each of the aforementioned cities will be requested to affirm the contribution and Stearns County will act on their portion on Tuesday. BUDGET/FISCAL IMPACT: $200,000 Sales Tax Funding(already designated) ATTACHMENTS: Request for Council Action Financial Summary REQUESTED COUNCIL ACTION: Affirm the City Contribution for the extension of the Wobegon Trail in the amount of$200,000 contingent upon all impacted jurisdiction contributing the same. Lake Wobegon Trail Extension (St. Joe to Waite Park) Estimated Project Expense and Revenue (Updated 12/2/2016) Kevenue Sources Acquisition Cost Acquisition Only Amount Funding Committed Total Amount 1 $1,017,000 MN DNR Legacy#1 $630,000 MN DNR Legacy#1 $1,000,000 2 $100,000 MN DNR Legacy#2 $250,000 MN DNR Legacy#2 $250,000 3 $58,500 MN DNR Fed Rec Trail $150,000 MN DNR Legacy#3 $750,000 4 $19,500 St.Joe Township $10,000 MN DNR Legacy#4 $980,000 5(donation) $0 Community Foundation $9,000 MN DNR Fed Rec Trail $150,000 6 $14,000 Fed.TAP $922,678 7 $6,500 St.Joe Township $10,000 Appraisals/Other $ 29,500 Community Foundation $9,000 Total $1,245,000 Total $1,049,000 Total_ $4,071,678 Remainder Needed $196,000 Total Estimated Cost= $4,895,480 Trail Construction Revenue Sources (Year 2017) Cost Trail Construction Amount Total Funding to Date= $4,071,678 General Trail $1,900,000 MN DNR Legacy#1 $370,000 Engineering $260,771 MN DNR Legacy#3 $750,000 Wetland Credits $205,000 MN DNR Legacy#4 $980,000 Balance Needed= $823,802 *Railroad Cross Arms* $250,000 Federal TAP $922,678 St.Joe $0 W.P.Trail Construction $234,709 Waite Park $0 Bridge $800,000 St.Cloud $0 Stearns County $0 Total $3,650,480 Total $3,022,678 Total Needed $823,802 Remainder Needed $627,802 IlaIIIIIIIIIIIMIIIIIIIMIMINEMM Source:G:\Ben\Funding_Grants\Grants\Lake Wobegon Trail\St.Joe to Waite Park