Item Description:
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Neg Agmt PR00005488 with Met Council and HCRRA for HC Blue Line Extension Project, 09/01/23-12/31/24, NTE $75,305,000 ($60,244,000 from Hennepin County, CP 1005877: HC TSUT Bottineau LRT Capital and $15,061,000 from HCRRA, CP 1000941: RRA Bottineau FTA LRT)
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Resolution:
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BE IT RESOLVED, that the Hennepin County Board of Commissioners authorizes negotiation of 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), with a grant activity period of September 1, 2023 through December 31, 2024, and with a Maximum Grant Amount of $75,305,000, of which the County will contribute up to $60,244,000 (CP 1005877) and HCRRA will contribute up to $15,061,000 (CP 1000941); and
BE IT FURTHER RESOLVED, that the Board authorizes the Chair to execute Agreement PR00005488, after review and approval by the County Attorney's Office; and
BE IT FURTHER RESOLVED, that the Hennepin County 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"), the assumption of the 2017 Counties Transit Improvement Board (CTIB) Capital Grant Agreement (CTIB 02201701/Met Council 17I001/County A177882A) with the Metropolitan Council for the Project, and the imposition of the 0.5% Transportation 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 project funding formerly committed by CTIB and the remainder of funding formerly anticipated from the State of Minnesota.
Agr...
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