2.0. HRSR 03-10-1998 - Laserfiche WebLink

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• Develop streetscape and on-street parking; acquiring property as need- ed to incorporate the new right-of-way width • Implement signage program to direct traffic to Walnut Street • • Investigate addition of a signalized intersection at Pine Street and Fourth Street to facilitate vehicle and pedestrian movements to Walnut Street Probable Costs • There may be acquisition and relocation costs related to the extension of Walnut Street past River Street, and it is impossible to accurately assess those costs. The acquisition of additional right-of-way along its length(needed for diagonal parking) also cannot be determined. • The likely costs for the roadway and streetscape improvements for Walnut Street, including all soft costs, would be$2 million. Funding • TIF • If it can be determined that property owners along or near Walnut Street will benefit from the improvements, a portion of the costs might be assessed against benefitting properties. • Funds programmed by the City for resurfacing of the street. Related Guiding Principles Integrate the Riverfront into the down- • A good place to do business: Creation of a major attraction can only town and the life of the community benefit those doing business in downtown Monticello. The riverfront is one of the great possibilities for creating such an attraction, and the development near the river could be one of the most exciting in down- town. • An identity related to Monticello: More than any other force, the Mississippi River has shaped Monticello; it is just that we recognize the shaping by humans more than that of nature. There is nothing that has more to do with the natural history identity of the community than its river. • Embracing the River: While we look for gems in downtown's build- ing stock, we might overlook the real gem of the downtown. This is the feature that sets Monticello's downtown apart from so many oth- ers, yet the river ties the Monticello community to a much larger com- munity -- a community that stretches from Lake Itasca to New Orleans. There is great power in this relationship, and much to be gained in respecting it. • A celebration of community, everyday: Two great riverfront parks in downtown provide a great chance to bring people together. There need to be improvements to make them better serve the community, but there also needs to be a program to bring people to them. • Life after dark: An evening event in a downtown riverfront park might be the epitome of life in this small town. While other spaces exist for this kind of activity, this one cannot be overlooked or under- programmed. • Partnerships for mutual benefit: The City will need to be active in making change happen in the patterns of development near the river, • acquiring properties over time to allow for a significant riverfront A New Bridge 2-• ' Revitalizing Monticello's Downtown and Rlvertront - Page 4:7