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12-01-14 Council Packet
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12-01-14 Council Packet
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1/14/2015 3:53:17 PM
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12/2/2014 3:17:53 PM
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City Council
Council Document Type
Council Packet
Meeting Date
12/01/2014
Council Meeting Type
Work Session Regular
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MnPASS Financial Update <br />1-394 Account <br />3,500,000 <br />Revenue must be used as follows: <br />1) Repay implementation costs 3,000,000 <br />2) Pay operating costs <br />3) Remaining revenue split 50/50 <br />between MnDOT and Met 2,500,000 <br />Council for improvements in <br />the corridor <br />2,000,000 <br />Supplemental TH Funds cover <br />expenses in years when <br />1,500,000 <br />expenses exceed revenue <br />► Final implementation repayment 1,000,000 <br />made in 201 3 (total <br />implementation repayments: <br />$10 million) 500,000 <br />► Toll infrastructure replacement <br />costs will begin on 1-394 in <br />2015 <br />Toll Revenue <br />MnPASS Expenses <br />Operating Expenses <br />El Implementation Repayment <br />
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