Item Description:
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Neg Amd 11 to Agmt PR00000689 with Met Council and HCRRA for METRO Green Line Ext LRT Project (CP 1005876), extend to 01/31/25, incr grant amt by $100,000,000 for new NTE $1,078,080,704
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Resolution:
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BE IT RESOLVED, that the County Administrator be authorized to negotiate Amendment 11 to Agreement PR00000689, Capital Grant Agreement for the METRO Green Line Extension Light Rail Transit Project with the Metropolitan Council and the Hennepin County Regional Railroad Authority, extending the grant activity period from January 31, 2024 to January 31, 2025; and increasing the maximum grant amount by $100,000,000 to be contributed by Hennepin County (Capital Project 1005876), for a new maximum grant amount of $1,078,080,704; 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 2024 Capital Budget for project 1005876 HC METRO Green Line Extension Light Rail Transit Project be increased by $100,000,000 from $892,892,368 to $992,892,368, funded with Hennepin County transportation sales and use tax funds, and that the Controller be authorized to transfer and disburse funds as directed; and
BE IT FURTHER RESOLVED, that the 2024 Hennepin County Transportation Sales Tax Fund (Fund 26) revenue budget be increased by $10,381,500, using restricted fund balance, and that an interfund revenue transfer in the amount of $100,000,000 to the capital project fund (Fund 51) be authorized, and that the Controller be authorized to transfer and 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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Through Resolution 17-0207, adopted on June 13, 2017, the County approved the assumption of certain unp...
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