Item Description:
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Neg Amd 1 to Agmt PR00005488 with Met Council and HCRRA for Blue Line Extension Project, extend to 06/30/26, incr NTE to $248,905,000
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Resolution:
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BE IT RESOLVED, that the Hennepin County Board of Commissioners authorizes the County Administrator to negotiate Amendment 1 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), extending the grant activity period to June 30, 2026 and increasing the Maximum Grant Amount by $173,600,000, for a new total Maximum Grant Amount of $248,905,000, of which the County will contribute up to $198,244,000 (CP1005877) and HCRRA will contribute up to $50,661,000 (CP 1000941); and allowing the Project Decisions Board to authorize use of grant funds for project expenditures that cannot be paid with federal funds; and
BE IT FURTHER RESOLVED, that the Board authorizes the Chair to execute Amendment 1 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"), the assumption of the 2017 Counties Transit Improvement Board (CTIB) Capital Grant Agreement (CTIB 02201701/Met Council 174I001/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 the p...
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