Item Description:
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Amd 1 to Agmt PW 04-01-16 with Hopkins (CP 2142600); transfer funds (HNCTY 0039996 to HNPWT 2142600); (est county cost $7,500,000 state aid, $500,000 property tax and est recv $75,000); no change to total project budget
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Resolution:
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BE IT RESOLVED, that the County Administrator be authorized to negotiate Amendment 1 to Agreement PW 04-01-16 with the City of Hopkins for the jurisdictional transfer and reconstruction of County State Aid Highway (CSAH) 20 (Blake Road) under county project (CP) 2142600, adding county cost participation in roadside enhancement, decreasing the county cost to not exceed $8,000,000, increasing the estimated receivable to $75,000, and adjusting the revocation of CSAH designation to be effective 30 days from execution of the amendment, be approved; that upon 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 and accept funds as directed; and
BE IT FURTHER RESOLVED, that 30 days from execution of Amendment 1 to Agreement PW 04-01-16 the County State Aid Highway designation on CSAH 20 (Blake Road) in the City of Hopkins, described as follows, shall be revoked: Beginning at the intersection of the north line of County State Aid Highway 3 (Excelsior Boulevard) and the centerline of County State Aid Highway 20 (Blake Road North); thence northerly along the centerline of County State Aid Highway 20 to the south line of State Highway No. 7 and there terminating, subject to the approval of the Commissioner of Transportation of the State of Minnesota; and
BE IT FURTHER RESOLVED, that $500,000 in property tax revenue be transferred from HNCTY 0039996 - Transportation Revenue Suspense Project to HNPWT 2142600 - CSAH 20 Blake Road Reconstruction Project; that revenue from the City of Hopkins for CP 2142600 be increased by $75,000; that revenue from state aid for CP 2142600 be decr...
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