09/12/2005 Council Packet - Laserfiche WebLink

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STAFF ORIGINATOR: CITY COUNCIL MEETING DATE: TOPIC: AGENDA ITEM 6J Michael Grochala September 12, 2005 Consideration of Resolution No. 05 -140 Accepting Metropolitan Council Conditions for Receipt of LCA Demonstration Grant ACTION REQUIRED: Simple Majority BACKGROUND In December of 2000 the Metropolitan Council awarded the City a $450,000 Livable Communities Act (LCA) Demonstration Account Grant. The grant agreement included a condition that the City install a traffic signal on the northbound off -ramp of I -35W (consistent with approval of the City's Comprehensive Plan Amendment and MUSA exchange for Behm's Century Farm). Staff has requested payment of the grant amount as part of the Legacy at Woods Edge project. However, because the signal has not been installed, an amendment to the LCA contract is required to allow payment prior to the installation of signals. Metropolitan Council is proposing to amend the agreement subject to the following condition: 1. The City agrees to reimburse the Metropolitan Council by January 31, 2008 the entire $450,000 grant amount if a traffic signal is not installed on the northbound off -ramp of I -35W and operational by December 31, 2007. As the City Council is aware final design for the improvements to Lake Drive and the I- 35W interchange is underway as part of the Legacy at Woods Edge project. The City was successful in obtaining $400,000 from the Minnesota Department of Transportation (Mn /DOT) Cooperative Agreement program to assist with the improvements. Funding for the City's share of the improvements are provided for within the Legacy at Woods Edge Development Contract and TIF agreement. While the City is currently seeking federal funding for the improvement of Lake Drive and the Interchange itself, we will be in a position to complete the signalization improvements prior to the December 31, 2007 deadline. RECOMMENDATION Staff is recommending approval of Resolution No. 05 140.