Item Description:
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Neg Amd 10 to Agmt PR00000689 with Met Council and HCRRA for HC Southwest Light Rail Transit ("METRO Green Line Extension") Project (CP 1005876), extend end date to 01/31/24 with no incr to the NTE
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Resolution:
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BE IT RESOLVED, that the County Administrator be authorized to negotiate Amendment 10 to Agreement PR00000689, Capital Grant Agreement for the Southwest Corridor Light Rail Transit (METRO Green Line Extension) Project with the Metropolitan Council and the Hennepin County Regional Railroad Authority, extending the grant activity period from June 30, 2023 to January 31,2024, and making certain clarifying changes, with no increase to the maximum grant amount of $978,080,704; that following review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign the amendment on behalf of the County; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that the Hennepin County Board approvals herein do not waive any obligations of the Metropolitan Council under any relevant agreement.
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Background:
Through Resolution 17-0207, adopted on June 13, 2017, the County approved the assumption of certain unpaid funding commitments for the METRO Green Line Extension Project (CP 1005876) ("Project"), the assumption of the 2017 Capital Grant Agreement (Counties Transit Improvement Board #01-2017-01/Met Council #17I007) ("CTIB Grant Agreement") with the Metropolitan Council ("Council") for the Project, and the imposition of the 0.5% sales and use tax and $20 motor vehicle excise tax that are the primary sources of funds for Hennepin County contributions to the Project. Through these and other actions, Hennepin County agreed to take responsibility for the remainder of the 30% share of project funding formerly committed by the Counties Transit Improvement Board ("CTIB") and the remainder of the 10% share formerly anticipated from the State of Minnesota. The Henne...
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