Item Description:
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Neg Amd 2 to Agmt PR00005488 with Met Council and HCRRA for Blue Line Extension Project, ext end date to 06/30/27; no increase to the NTE
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WHEREAS, there exists a Capital Grant Agreement for the METRO Blue Line Extension Light Rail Transit Project (Capital Project 1005877) with the Metropolitan Council and the Hennepin County Regional Railroad Authority (HCRRA); and
WHEREAS, Resolution 24-0513 authorized an increase of the combined County and HCRRA maximum grant amount to $248,905,000, and subsequently a combined grant amount of $208,100,000 was memorialized in Amendment One to Agreement PR00005488; and
WHEREAS, an extension of the grant activity period and a combined amount of $40,805,000 in previously authorized County and HCRRA funds will be memorialized in Amendment Two to Agreement PR00005488
Resolution:
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BE IT RESOLVED, that the Hennepin County Board of Commissioners authorizes the County Administrator to negotiate Amendment 2 to Agreement PR00005488, Capital Grant Agreement for the METRO Blue Line Extension Light Rail Transit Project with the Metropolitan Council and the Hennepin County Regional Railroad Authority (HCRRA), memorializing a maximum grant amount of $248,905,000 and extending the grant activity period to June 30, 2027; and
BE IT FURTHER RESOLVED, that the Board authorizes the Chair to execute Amendment 2 to Agreement PR00005488 on behalf of the County, after review and approval by the County Attorney's Office; and
BE IT FURTHER RESOLVED, that the Board authorizes the Controller to transfer and disburse funds as necessary to carry out the intent of this Resolution.
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Background:
Resolution 17-0207, on June 13, 2017, approved the assumption of certain not-yet paid funding commitments for the METRO Blue Line Extension Light Rail Transit Project (Capital Project 1005877) ("Project"), of the 2017 Counties Transit Improvement Board (CTIB) Capital Grant Agreement (CTIB 02201701/Met Council 174I001/Cou...
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