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I I I Council Meeting Minutes June 14, 1988 sight distance to the west, but would not resolve the sight prob- lem to the east. 2) To completely improve the intersection and sight distance from both directions, the home would have to be pu- rchased by the City and moved out--and then to improve it from the west, the curve would have to be cut down, which would require the reinstallation of utilities, with a potential cost of several hun- dred thousand dollars. Also, the possibility of higher vehicle speeds might result, which would defeat the entire purpose of the construction. He further went on to add that the school children situation had been addressed, noting there was a discrepancy between the forec- ast and the actual student counts; and that grade school children would not be ciossing the street. Mr. Proper reported that speed and traffic counts had been perfor- med; and based on information received from those studies, it would not be possible to get a reduction in the posted speed limit if we were to call in MnDot for a traffic study, in . that the 85th percentile speed would be the safe speed for that stretch of road- way. In addition to the staff studies, the City did bring in a consultant from Orr-Schelen-Mayeron and Associates to review this intersection who concurred with the staff report. Mr. Proper fur- ther went on to advise that warning signs had been ordered and would be installed. Councilmember Gunderman questioned the city-wide norm for vehicle traffic/speed; and at what point should there become a need for concern. Mr. Proper responded that he was not aware of any city- wide study having been done. Mayor Benke concluded that the rep- ort from this intersection was such that it should be monitored on an on-going basis. Motion by Benke, seconded by Gunderman to DENY THE REQUEST FOR 4- WAY STOP SIGNS AT THE 8TH STREET AND 11TH AVENUE INTERSECTION. 5 Ayes - 0 Nayes, Motion carried. Kevin Locke, Community Development Director, informed the Council that Opus Corporation was interested in the site within T.I.F. Di- strict No.6; and are requesting a 90-day option period. He furt- her went on to note that Mr. Glen Olson of Opus Corporation could not be at this meeting, therefore, was requesting that this item be continued to the June 28th Council Meeting, at which time they should have an Option Agreement prepared. He also advised that the City does not have any other viable proposers for the property at this time. Motion by Benke, seconded by Williams, to CONTINUE CONSIDERATION ON THE OPTION AGREEMENT FOR OPUS CORPORATION UNTIL THE JUNE 28TH COUNCIL MEETING. 5 Ayes, 0 Nayes, Motion carried. Page 7 Stop Sign Request (continued) Opus Corporation gO-day Option/TIF #f Report 88-179