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RAMSEY COUNTY COOPERATIVE AGREEMENT WITH CITY OF MOUNDS VIEW Agreement between the County of Ramsey and the City of Mounds View Estimated Amount Receivable from Ramsey County Conceptual Design, Preliminary Engineering, Final Design, ROW: $1, 635, 500.00 Re: Preliminary and Final Design of: Reconstruction of County Road J from Airport Road to Rice Creek Parkway, including a new bridge over I-35W Attachments: Exhibit A Work Plan/Approach Exhibit B "DEED Agreement" THIS AGREEMENT, by and between the City of Mounds View, Minnesota, a municipal corporation, hereinafter referred to as the "City," and Ramsey County, a political subdivision of the State of Minnesota, hereinafter referred to as the "County"; s WlTNESSETH; WHEREAS, the parties hereto desire to enter into a joint agreement and effort providing for the preliminary engineering, conceptual and final design, right of way ("ROW") Acquisition, and bid preparation for the reconstruction of Ramsey County Road J from Airport Road to Rice Creek Parkway, including a new bridge over I-35W in accordance with the Work Plan/Approach contained in Exhibit A attached hereto (the "Project"); and WHEREAS, preliminary studies and reports which have been conducted by the City of Mounds View, Medtronic, Inc. and the Minnesota Department of Transportation (Mn/DOT) indicate that it is feasible, practical, and technically proper to undertake the proposed construction improvements; and WHEREAS, the State of Minnesota has approved the 2005 Capital Bonding bill with an appropriation to the Minnesota Dept. of Employment and Economic Development ("DEED") for funding of a grant of $5,000,000.00 to the City of Mounds View for public improvements for a commercial and industrial redevelopment project; and WHEREAS, the State of Minnesota has approved the 2005 Capital Bonding bill with an appropriation for Bioscience Development for grants to political subdivisions to RJL-264389v3 MU205-30