Item Description:
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Neg Agmt PR00005488 with Met Council and HC for Blue Line Extension Project, 09/01/23-12/31/24, NTE $75,305,000 ($15,061,000 from HCRRA, CP 1000941 - RRA: Bottineau FTA LRT and $60,244,000 from Hennepin County, CP 1005877 - HC TSUT Bottineau LRT Capital)
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Resolution:
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BE IT RESOLVED, that the Hennepin County Regional Railroad Authority authorizes negotiation of PR00005488, Capital Grant Agreement for the METRO Blue Line Extension Light Rail Transit Project with the Metropolitan Council and Hennepin County, 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 Authority will contribute up to $15,061,000 (CP 1000941) and the County will contribute up to $60,244,000 (CP 1005877); and
BE IT FURTHER RESOLVED, that the Authority authorizes the Chair to execute Agreement PR00005488, after review and approval by the County Attorney's Office; and
BE IT FURTHER RESOLVED, that the Authority authorizes the Controller to transfer and disburse funds as necessary to carry out the intent of this Resolution.
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Background:
Since the inception of the METRO Blue Line Extension Light Rail Transit (LRT) Project (CP 1000941), HCRRA has contributed $48.8 million to the project through three separate agreements with the Metropolitan Council. The most recent agreement is Cooperative Funding Agreement A176897 which authorized the provision of up to $50.89 million for engineering phase activities (Resolution 17-HCRRA-0007). HCRRA has authorized eleven amendments to Agreement A176897, each of which extended the contract period, with no change in the not to exceed amount. The most recent amendment, authorized on May 16, 2023, by Resolution 23-HCRRA-0016, extended the contract period to August 31, 2023.
To date, $151 million has been contributed to the Project, including the funds contributed by HCRRA. This amount also includes nearly $64 million provided by Henne...
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