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City of <br /> AGENDA ITEM #9.4 <br /> Pequot <br /> Lakes <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: May 5, 2015 <br /> Subject: Highway 371 - Road Turnback Discussion <br /> Report: At the Special City Council Meeting on April <br /> 21St, a committee was formed to re-analyze the Springsted <br /> financial options presentation. This Committee, which <br /> consisted of Council Members Pederson and Karr, Mike <br /> Loven, Tim Houle, and myself, met on April 27th. We <br /> discussed the timeline for future projects and operating <br /> costs associated with the turnbacks of CSAH 11, CR 112, <br /> and existing TH 371. The attached spreadsheet outlines <br /> two scenarios and the various revenues and expenditures <br /> relating to these turnback acquisitions. <br /> The first table does not include the roundabout expenditure <br /> in 2018 and projects a net loss beginning in 2035. The <br /> second table includes the roundabout expenditure in 2018 <br /> and projects a net loss beginning in 2033. <br />