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A RESOLUTION OF THE CITY COUNCIL AUTHORIZING THE EXECUTION OF THE GENERAL OBLIGATION BOND GRANT AGREEMENT WITH THE STATE OF MINNESOTA WHEREAS, pursuant to Minnesota State Statute Section 219.166, the City of Little Canada supports the establishment of a Quiet Zone encompassing Woodlyn Avenue, South Owasso Boulevard, Little Canada Road, Demont Avenue, County Road B2, and County road B within its boundaries; and WHEREAS, under the provisions contained in Minnesota Laws of 2014, Chapter 294, Article 1, Section 16, Subd 5, and as amended by Minnesota Laws of 2015 1st Special Session, Chapter 5, Article 3, Section 13, the State of Minnesota has allocated $1,250,000 from General Obligation Bond Proceeds to the City as a grant to design, construct, and equip new rail grade crossing warning safety devices of active highway rail grade crossing or to replace active highway rail grade warning safety devices that have reached the end of their useful life; NOW, THEREFORE BE IT RESOLVED by the City of Little Canada as follows: 1. The City of Little Canada authorizes the execution of the General Obligation Bond Grant Agreement with the State of Minnesota to enable the receipt of the awarded funding. 2. Per Minnesota Statute Chapter 412.211, the City of Little Canada has the legal authority to enter in to said agreement the State Department of Transportation and Canada Pacific Railroad as outlined in Section 5.04(c) of the agreement. 3. The City, as part of its 2015 budget, has committed up to $220,000 as its share of local funds needed to fully fund the project as required by section 5.04(D) of the agreement with up to $83,401 to be used as a match for bond funded work, and up to$136,599 to be used for supplemental safety measure required on the roadway surface and for any cost overruns associated with bond fund work on the grade crossing improvements. To further document this commitment, two pages from the 2015 Budget are attached to show the receipt of grant funds plus and additional $30,000 and the City's commitment of up to $220,000 as previously described. 4. The City agrees to fund any maintenance requirements over the 20 -year bond period if the Canadian Pacific Railroad does not fulfill its commitment to perform maintenance (per the agreements between the city and the railroad) as outlined in section 5.04(J) of the agreement.