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VI.4. Commitment of Funds – Southwest Light Rail Transit Project; Elverum (CR2015-080)�`�r^� � • �Dully 11, 2�D11� � �""i• � ' �+�. � w ;� �, , -: -W .,� � 1M.I r � A.. ; ,. �.: l �.� . r, . � � .. � �M � 'i � � � � . ., � '� .�1 ��" '� . . �11!' '!1� � � � 11!' # � � . �� I� � �� ,... � ' , '��" � .� � R � � . • s�, �1�11�� �w . * i - r _ �► i"`„ , �•� � T��� �Aty of H��kin� is � Ipa�tner ia� �t�� �authr�rest �.6gN�� ��iC �'r�n�ut (�"�'J N�N��') pr+�j�ct, �Is+� �Cr�r�v�,rr� �s ��►� Gre�;n �.Nn�; ��s���tsi�ac�. S'"�/ LF��' willl brNng ���ny b�rne�i`ts �� �I�p�ki�s iin�l�udAng �c��ss ta f�ic�h ��a�dr�ty m�s� fir�nsit, in�r�as�d market �,r�a fa�r �ur �aaa��in�sse�v �n�d �a�,�actuniity �'+�ir' r�d�veVe�pm�n�. '�`�►i�e a�a�kic�p�n� ira th�e pla�niing c�f fihe �irae, 6n�1'udung fi�r�e �.�i �tatar�c�s �n Hc�pkiu�s, th� Gity �ua�� n�� b��n ask�d t� b� � firr�nci�l' ����o�i�utc��° ir� the bas� pr�a��c� budg��. ��c�rntly, t�n� cc��t ��tirr��t�� i�ar t�� pr�j�ct �r��n� �r�arr� ��8.6� b��l'6�r� ta $1.9� �illian, whaich vv�s de�rr��d �a�a���pt�b�'� �� thc� p�ra�j�ct f�urnd�er�. ���t cutting r����ur�es h��e ��ern r��amu�+�r���'�d, but th� ��sur� e�f �aq �,pa�tn��s �� �c� briin� �P�� �iru� t�a � t�r�Vnu� �� i�� Sc��:tN�we�t �t�ati�an wn Eder� P'rai�rde, T� �,ccornplis� �hu�, wl�i�� pr�s�rvir�g �t�� �ur�cti�n�li��r �f th�e lim�e„ I��al part�er� h�v� k��;ec� asN��d t� c��ntribufie I�a�aN f�and� to t�� �ra��c�t. Uru ��ddlutian tc� cc�s� s�v'�nc� ra�e�sures, ��ty s��ff i� re��rrrr�nen�ung a fn�ar�ci�uf �c�r�tri9auti+an �af '��C��,Q�C��. 1��ris ��auld �e pa��' e�v�r tf�e c��ar�e �fi ca�ustru�ti�a� �� tN�� pra�ecfi, �ntiiciipa��ed ta ��cur 2�9� 7� 2���i. �'r�mar�r Issue� �� ��a�sider T�ae c�rn�ut��ent a�f �ura�ds� is n��de�' �� pr�;s�c�,re �N�� pl��s �� recc�r�u�a�r�d�d by� th� Ca�-�i�dl�ar M�r��ger�uent �c�mcni�fiee �r� J�ly 1, 2�1 �. '�J�''it��a�t la�a� ��ra�ril�utic�n�y t�� p�rc��ect sc�p� will r�tat '�e fe��il��e �rud tf�e p�°c�je�� +,��u�d b� �n jie��a�dy. �'h� �ctua� c��tributi��� �f fur�ds rnrill n�t �e r�����d until th� ��rc�j��� u� �u�r��l�r c�nst��cti��, s�a fihere i�s �d�qu���e tim�e �+� i�de��ify� fu�dir�g st�urt`��� �ir�a� �I�r�� f�rr th� expem�d���t'e. � . � . �r �. u����p_y24'� 5-�5� '��r���r� �'Civ�rwm C�ir����r af �la�r�irn� �; IC��v���a��n�n� . �, .. �� r� tr� . �,. .. . . - :�r .. _� �� _ �. .. _ •- ��"I'"� �F" Hd�►1'1+���5 HF1'��EPIi�,1'V�ll'��iESC}'�'A R���D�U"�"�C�� �OIS-��3 R�SfILU'°�'ICIN C�l'M�l'1^iIT'TI1'�� $5��,��� I1� ��l►�A� FL�I`�'TA� '7f'� °1"H:� �+�if"�'�"'4�T�"�q" 1���HC'� T�AITT, "T�.Ayl'��I°°�" �'"F�C(3�EaCT (�RE�N I.�T�E ��'�'�1'�'�i�l'"�) ��-��,REA,�, kk�� C�ty c�f�c��ak�z�s 1��� &���r� ���rti°��� ir� �la��r�ira� fc��r ff�e S�ut1�va��t T.,igllrt �.a�l °T`�ar�su� pro���t, ai�� �'HER�A�, rtl7c �c��ti➢�v�rest I�i�ht I���I fi�-�u:r�sit ��r��rr �i�l� �xt�:�sic��) p��je�t vvill ��c�e��d t�� �reea� �,�r�� fr��� �i��ntcavoa7� M1nl��a�allis t��c�u�h �h� �c�a�7�ia��itnes c�f`'St. L�a�i� I��r�, ���rpkYn�, Mi����t�aa�k� a��r� Eder� I'rairi�; �r�d. 'WkIE�EA�, �he Cig� +�f Hi�a�k�r�s ar�dl ��r ��s�d���t� wi�1l��rnefit thrc�u;�h t��� l�a�.a�a�r� raf° ��r��e �tati��s w����in �ur �a�iur��ar��s; a�� "�'H�1�EA�, �h�. tR��ee static�rds �t Blak�, I��w��tavv�� F-����n�s ar�d Sh�dy �ak wg�l ��'f�r a��. at����tive t�a�a��,�rtati�a� �a�tac,�� �°car H�r�rl�ins resude�ts ���' in�r•e�s� ��d�vel�pr�er�� �p��rrt�r�ities, stre��il�cr�:nn� �1�� �i�y's tax b��e; �md '�V�'��:�.�A�, c3�� �� an �sc�l�ki�ar� t��'prc���ct c��t�, ir� ord�r �`�r tl�� S�ukl�v✓��t �i�l�� E�ai� 'l"ran�i� p�r�jec� ta be w�ual�1�, ��ri�in p��a�g��;t elei-���t� ar� �ala�ned �o b� cwt th�t a�� �r�t irsrpact tl7e a���•�11 iun��i�rbality c�f th�; ]ine, �ne� a�idati�r�al ��r�d�; �r� ��ein� ����h� t� m�aiY���ix� �t� a�ce�at�ble pr�jee� de:�i�t�,, �nd 'W'rw'H�R:�.�iS, as a� �eart��;��a�7�; cuty, t�e C"ity e�f H�ap��zxs has b��n askcd �c� c�ntr���t� t�r�r�rc� �1-�e �a•�aject C���d�;e�, a��d. V�^'��I��AS, �1�� �ity ��' H:�a�ikYr�s 9��s id�a�tified $5����C��i �s th� �apprap�iate cc��r�ar�t��t�a�a t+�ward r��]�;�aa�� the �c��asta-�actit�r� c�f��e 'So��l���st Lu`��t F�.au1 Ta�ams�t Line. 1""�Y+flM'W, TH�I���+(�l�:E� B� IT �t.�Sd)�,�EEM t��at, �ft�r a�praps��t� ��a��inati�a� ���d �iue �;���sac��r��i�an, �1�� �c�vern����; �aa�� ��`tl�� �it�r af �-�a�k���� 1�ereby c�znr�nits $5�►�,��(l �owar�l ���e Saua�l��;ve�t �.,u�;�t 1Rai� Transirt �roj�c� �v�r ���� �c��r�e c��`t�7e cc��st�wcti�a� an��ci��te� t� �e ���'7_ 202�. Ac����ed th�s 7�1� day� �fJuiy 2(��5. �� Lu��;�x� J. Ma�well, I'v��y��- ��test� �n�y C�orneie�-, C'Ilty ��crk