Item 10D MemoCITY OF SOUTHLAKE
MEMORANDUM
January 28, 2004
TO: Honorable Mayor and Members of the City Council
FROM: Ken Baker, Senior Planner
SUBJECT: Approval of the Technical Committee Recommend FY 2003 -04 To FY 2007 -08
Capital Improvements Program
At its January 20, 2004 meeting, the City Council reviewed the proposed FY 2003 -04 to FY
2007 -08 Capital Improvements Program (CIP). During a review of the CIP, staff informed City
Council that the Technical Committee ranked the Southlake Corners Cross Connect Drive
Reimbursement project low and as a result this project was not recommended for funding
during the next five (5) years. This meant that the bridge between the Southlake Corners site
(old Wal -Mart site) and Kroger Center site would not be built unless City Council desired to
fund the project. Staff also informed City Council that the Kroger Center developer expressed
no interest in funding 1 /3rd of the project cost ($70,000) and therefore the city's contribution
towards the project would increase from $70,000 to $140,000 if the project was included in the
five year CIP. Total project cost is expected to be $210,000.
City Council instructed the staff to work with the developer of Southlake Corners (Archon
Retail) in an attempt to fund the project. As a result, the developer of Southlake Corners has
agreed to design and construct the cross connection under the condition that the City
reimburse the developer for 2 /3rds of the project cost (up to $140,000), by the spring of 2005.
Therefore, the Southlake Corners Cross Connect Drive is now included as a FY 2004 -05 CIP
project.
Attached is a revised CIP spreadsheet which includes the Southlake Corners Cross Connect
Drive Reimbursement project (See project #8- General Fund). Projects recommended for
funding for this capital year (FY2003 -04) remained unchanged from last meeting.
Attachment (1)
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