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EDC Minutes May 19, 2020 Page4of8 ----------------------------- Development Public Infrastructure Program, BDPI, that could help with the costs but not necessarily offset it. Commissioner Becklin asked what it would cost to extend the sewer and water all the way to the potential ball fields. Mr. Houle said looking back at that 2018 study and if you look at all the sewer, water, streets, storm sewer it would be somewhere around $2.2 million. He did also say that they took that big study number and then broke it back into a per acre cost just to give people a sense of the potential investment. Commissioner Lelwica asked if he could break the cost down per foot and he stated he did not. He stated one of the variables to the cost is getting down Derksen Road from Morehouse Drive to the proposed s��ltherly road going into the Heart of the Good Life and whether you shouiki count#hat footage. He said he could come up with a per foot cost and pt�t several p��il�le options if they would like. Discussion ensued abou��e phases and the�s. Mr. Houle stated phase one has an estimated pr��t cost of$257,000 and tha�as�rhat they would propose to the EDC to recomrrient��he Cq�r�cil should Xce��nergy acquire that area roughly encompassed by��t��antl three. He s�ated that he would like the EDC to continue to think of the��icture long-term and know that in each phasing of the Heart of the Good Life th��t`��ill be situations where the infrastructure might cost more ��d.there will be sit�r�s�rhere the infrastructure might cost less on � pe�#o�t�or per acr��sis. He said he can break phase one down for them if they would like. Gail Leverson S�t��she is a funding specialist with WSN and the BDPI program is a�ant prog�m just for greater Minnesota. She said they use it quite a bit and it=is r��de to k�p jobs, enhanced jobs in the area and expand the tax �„ base. She stat�l�at i��ay to fund �bout 50% of the cost of sewer, water ,� supplies,�utility ext�r�n�,"�� , ; �'`treatment, and storm water. She said that�the City"�as a pr��„�t here th��going to create 14 jobs and possible more. afie stated sM�lpoked�� statute yesterday and they are trying to grow businesses thatfit in the rf��'`acturing technology, warehousing, distribution and, and the Iike. She said she feels very confident after listening to Xcel Energy's presentation that the project fits right into the mission of the BDPI program. Ms. Leverson stated it is a program that gets funded every finro years by the state but they are without funding until probably July 1 st of this year. She said they take rolling applications throughout the year but when they run out of money everybody has to wait for the next time. She stated that the program has been around since 2002. Chair Lindholm asked her to clarify that it costs $5,000 to apply in the hopes of getting the cost of the quarterly dollars. She stated that she believed that$5,000 would be the absolute maximum and said it would probably be more like 40 hours that it would take to get it together. She stated the hourly rate for her would be $95.