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HomeMy WebLinkAbout15-101 - ADMIN Resolution - City Council - 2015/07/20RESOLUTION NO. 15-101 RESOLUTION SUPPORTING $2,000,000 IN LOCAL FUNDS TO THE SOUTHWEST LIGHT RAIL TRANSIT PROJECT (METRO GREEN LINE EXTENSION) WHEREAS, the City of St. Louis Park (City) has been working with the Metropolitan Council, host cities, public agencies, and public transit funders in planning for the proposed Southwest Light Rail Transit (SWLRT) Project (METRO Green Line Extension); and WHEREAS, the proposed SWLRT Project is an approximately 14.4 mile extension of the METRO Green Line, which would operate from downtown Minneapolis through the cities of St Louis Park, Hopkins, Minnetonka, and Eden Prairie; and WHEREAS, on April 9, 2014, the Metropolitan Council adopted a SWLRT Project scope and budget, which was amended to $1.653 billion on July 9, 2014; and WHEREAS, on April 27, 2015, the Metropolitan Council released an updated SWLRT Project cost estimate of $1.994 billion; and WHEREAS, because of the increased cost estimate, the Metropolitan Council, with input from the five host cities, Hennepin County, and public transit funders, identified certain elements to be eliminated or delayed that do not impact the proposed SWLRT Project's overall functionality, and WHEREAS, the Metropolitan Council on July 8, 2015, adopted a revised SWLRT Project scope and budget of $1.744 billion, which requires the Metropolitan Council to seek commitments from host cities and public agencies to fund the non-federal share of estimated costs above $1.653 billion; and WHEREAS, the City, our residents, businesses, and workers would benefit from the SWLRT Project as it could provide an attractive transportation option for residents and workers along with increased redevelopment opportunities strengthening the City's tax base; and WHEREAS, as one of the host cities for the proposed SWLRT Project, the City has been asked to contribute funds towards the SWLRT Project budget to maintain an SWLRT Project design and functionality that benefits the City, its residents, businesses, and workers, and WHEREAS, the City has identified $2,000,000 as the appropriate contribution towards realizing the construction of the proposed SWLRT Project, and WHEREAS, the City understands that the SWLRT Project is undergoing state and federal environmental review and that this identification of funds is not intended to prejudice or compromise any of these environmental review processes or any decisions made under them; and WHEREAS, the SWLRT Project includes construction of a regional trail bridge over the SWLRT tracks and freight rail tracks just East of Beltline Blvd facilitating the extension of the trail bridge over Beltline Blvd itself and grade separation of the regional trail at Wooddale Avenue as well. Resolution No. 15-101 -2- NOW, THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the governing body of the City of St Louis Park hereby commits $2,000,000 towards SWLRT Project construction activities anticipated to occur between 2017-2020. After all necessary state and federal environmental review has taken place and the SWLRT Project receives a Record of Decision (ROD) and Determination of Adequacy, the City will address the terms and conditions of this commitment through subsequent resolutions regarding appropriation of funds through one or more subordinate funding or other agreements with the Metropolitan Council. Reviewed for Administration: D -e to -4,t Cityanage Attest: Adopted b the City Council July 20, 2015 Mayor • •