7.3. SR 08-15-2005 - Laserfiche WebLink

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negotiations of the construction and operating agreements coincides with the completion of final design. X. Risk Management On April 18, 2005, the NCDA issued an RFP for Broker/Insurance Consulting Services for the Northstar Commuter Rail Project. The services requested will assist the project in addressing the risks arising out of the construction and operations of the Northstar commuter rail project. At its June 2 meeting, the NCDA Board approved the selection of Marsh USA, Inc. and authorized staff to begin contract negotiations with the selected firm. Those negotiations are still underway. It is anticipated that a contract will be considered by the NCDA at its August 4 meeting. Formation of the Northstar Risk Management Advisory Committee is underway. The core group will consist of the risk managers from the State of Minnesota Department of Administration, the Metropolitan Council, Anoka County and Hennepin County, as well as an attorney from the Anoka County Attorney's Office. The Committee will meet monthly and will advise the Project on risk management issues arising out of the construction and operations of Northstar. XI. Land Use Template 11 of the Northstar Corridor Rail Project New Starts Criteria submitted on July 14, 2005 provides a comprehensive report on land use polices, proposals and projects in the Northstar Corridor. In summary, near every station there are locations that are ripe for development at densities and configurations consistent with transit oriented development principles. In addition, there are several attractive redevelopment opportunities along the line. Although at different points in the planning process, each municipality is committed to promoting development, infill development, and/or redevelopment around the stations, many of which are located in major employment centers. Below are highlights of development initiatives around each Northstar station. Inter-modal Station Master Plans adopted by Hennepin County and the City of Minneapolis respectively include plans for mixed-use development, including high-density residential, within a half-mile of the Downtown Minneapolis station. Both entities also support a proposal for a Minnesota Twins ballpark at the Downtown Station site. Appendix 2 includes a recent article on Twinsville that appeared in the Minneapolis Star Tribune. Visit www.mntwinsville.com for plans and drawings related to the development. Hennepin County is conducting an Inter-modal Study to develop transit station design concepts in downtown Minneapolis that preserve long-term opportunities to accommodate expanded commuter rail and long- distance rail and ensure convenient inter-modal connections to light rail and buses. A summary of the study is included in Appendix 2. Monthly Report July 18, 2005 -15- Northstar Corridor Rail Project