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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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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 />-35W Account <br />After first year, revenue must be <br />used as follows: <br />1) Allocate lesser amount of <br />$1 million or 75% of the <br />revenue for operating costs <br />2) Transfer remaining amount, <br />up to the amount allocated <br />above, to the Met Council for <br />transit improvements in <br />corridor <br />3) Allocate remaining amount: <br />25% to MnDOT for MnPASS operating <br />costs and improvements in corridor <br />75% to Met Council for transit <br />improvements in corridor <br />► Supplemental TH Funds cover <br />expenses in years when <br />expenses exceed revenue <br />► Toll infrastructure <br />replacement costs will begin <br />on I -35W in 2019 <br />3,500,000 <br />3,000,000 <br />2,500,000 <br />2,000,000 <br />1,500,000 <br />1,000,000 <br />500,000 <br />0 <br />1 <br />L JI <br />FY10 FY11 <br />Toll Revenue <br />FY12 FY13 <br />MnPASS Expenses <br />Operating Expenses <br />Met Council Payment <br />
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