Item Description:
title
Neg Amd 12 to Agmt PR00000689 with Met Council and Hennepin County for METRO Green Line Ext LRT (CP 1000899), ext end date to 12/31/28; incr NTE by $90,047,888, with no new funding provided by HCRRA
end
Resolution:
body
BE IT RESOLVED, that the Executive Director be authorized to negotiate Amendment 12 to Agreement PR00000689, Capital Grant Agreement for the METRO Green Line Extension Light Rail Transit Project (CP 1000899) with the Metropolitan Council and Hennepin County, extending the grant activity period from January 31, 2025, to December 31, 2028; and increasing the maximum grant amount by $90,047,888, for a new maximum grant amount of $1,168,125,592; that following review and approval by the County Attorney’s Office, the Chair be authorized to sign the amendment on behalf of the Authority; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that the Board approvals herein do not waive any obligations of the Metropolitan Council under any relevant agreement.
end
Background:
On May 31, 2018, the Hennepin County Regional Railroad Authority (“HCRRA”) adopted Resolution 18-HCRRA-0027, committing up to $199,548,000 of HCRRA funding to the Southwest Corridor Light Rail Transit (METRO Green Line Extension) Project (CP 1000899) (“Project”). On November 15, 2018, HCRRA adopted Resolution 18-HCRRA-0056, which among other actions authorized negotiation of a new grant agreement with the Metropolitan Council (“Council”) and Hennepin County, Agreement PR00000689 (the “Agreement”), to replace prior funding agreements and be the sole funding source for all Project activities through the end of August 2019.
The Agreement was then negotiated and executed, with a not to exceed amount of $434,901,943 in total funds from Hennepin County (up to $347,921,554) and HCRRA (up to $86,980,389). The funded activities included civil construction work authorized by the Federal Transit Administration (“FTA”), any pre-award authority activities requiring and receiving prior approval by the Hennepin County and HCRRA Boards, and ongoing overhead expenses and other professional services related to the Project.
The Agreement has since been amended 11 times. Each time, Hennepin County likewise approved negotiation of the same amendment on the same day as the HCRRA Board’s approval. The amendments were as follows:
• Amendment 1 extended the term through September 30, 2019 (Resolution 19-HCRRA-0037).
• Amendment 2 extended the term through March 31, 2020, increased the maximum grant amount to $553,456,897, and made other contract changes (19-HCRRA-0038).
• Amendment 3 extended the term through June 30, 2020, and increased the maximum grant amount to $602,795,681(20-HCRRA-0012).
• Amendment 4 extended the term through August 31, 2020, and increased the maximum grant amount to $677,765,449 (20-HCRRA-0031).
• Amendment 5 extended the term through November 30, 2020 (20-HCRRA-0039).
• Amendment 6 extended the term through January 31, 2022 (20-HCRRA-0052).
• Amendment 7 extended the term through June 30, 2022, and increased the maximum grant amount to $878,080,704 (21-HCRRA-0039).
• Amendment 8 extended the term through December 31, 2022 (22-HCRRA-0019).
• Amendment 9 extended the term through June 30, 2023, and increased the maximum grant amount to $978,080,704 (22-HCRRA-0045).
• Amendment 10 extended the term through January 31, 2024 (23-HCRRA-0018).
• Amendment 11 extended the term through January 31, 2025, and increased the maximum grant amount to $1,078,080,704 (24-HCRRA-0003).
This Resolution would authorize negotiation of Amendment 12 to the Agreement, to extend the term of the grant to December 31, 2028, and to increase the maximum grant amount by $90,047,888, for a new maximum grant amount of $1,168,125,592.
This new funding would be contributed by Hennepin County, with no new funding provided by the Authority.
Through October 31, 2024, Hennepin County has paid approximately $826 million towards its funding commitment, including $40.2 million contributed under other agreements between the County and the Council. HCRRA has paid its full commitment of approximately $199.5 million, including $72.9 million contributed under other agreements between HCRRA and the Council. In addition to the funds contributed by Hennepin County and HCRRA, the Project budget also includes approximately $1.3 billion in federal funding; $218.9 million from CTIB, which has been fully paid to the Project; and certain other smaller funding sources.
Impact/Outcomes: Approval of this request will allow for continued construction activities for the METRO Green Line Extension.
This action supports the county’s disparity reduction efforts by investing in transportation infrastructure that reduces climate impacts and gives people transportation choices and access to housing, jobs, schools, medical facilities, and other destinations of choice.
recommendation
Recommendation from County Administrator: Recommend Approval