Item Description:
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Neg agmts PR00005525 with the City of Eden Prairie, 08/22/23-12/31/26, NTE $200,000, PR00005526 with the Minnehaha Creek Watershed District, 08/22/23-12/31/26, NTE $200,000; incr funding and budget authority for SWLRT project by $1,672,995
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Resolution:
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BE IT RESOLVED, that consistent with the Southwest LRT Community Works Investment Framework, the County Administrator be authorized to negotiate Grant Agreements PR00005525 with the City of Eden Prairie, or affiliated entity, for the Golden Triangle Area Station Connection Trail, with the not to exceed amount of $200,000 and PR00005526 with Minnehaha Creek Watershed District for the Blake Road Station Area Cedar Trail Connection, with the not to exceed amount of $200,000 (Southwest LRT Community Works - CP 0031805), during the period August 22, 2023 through December 31, 2026; that following review and approval by the County Attorney's Office, the Chair of the Board be authorized to sign the agreements on behalf of the county; and that the Controller be authorized to disburse funds as directed; and
BE IT FURTHER RESOLVED, that funding and budget authority for the Southwest LRT Community Works project - CP 0031805 be adjusted from $11,173,999 to $12,846,994 to accurately reflect $1,106,530 in revenue received from Three Rivers Park District and $566,465 in revenue received from Calhoun Development LLC for a combined total of $1,672,995 in revenue received, and that the Controller be authorized to accept and disburse funds as directed...end
Background:
In 1993, Hennepin County launched Community Works, an innovative, place-based, cross-jurisdictional program that addresses areas with declining tax bases through coordinated public investments in corridor-scale infrastructure, natural systems, and redevelopment. Today, Community Works is a nationally recognized approach to community redevelopment, one with a track record of stimulating development, providing access to employment, bu...
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