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IV.7. Hennepin County’s Transit Oriented Development Grant Application Authorization – Artery Project; Beekman (CR2016-029)February 29, 2016 Council Report 2016-029 Hennepin County’s Transit Oriented Development Program Grant Application Authorization – Artery Project Proposed Action Staff recommends adoption of the following motion: Move to approve Resolution 2016- 025 Authorizing Application for a Grant from Hennepin County’s Transit Oriented Development Program for the Artery Project. Overview The Hennepin County Housing and Redevelopment Authority (HCHRA) is making approximately $2 million available to support public and private multi-jurisdictional transit-oriented development (TOD) projects located along Hennepin County transit corridors where transit service is frequent and high capacity. TOD Program funds are intended to supplement existing private and public resources in support of transit- oriented development. Eligible uses of funds must demonstrate a public purpose, and may include installation of public infrastructure improvements, including pedestrian and bicycle facilities that improve pedestrian, bicyclist, and transit rider safety and ease of use. The City would be seeking $300,000 from the program funds for the purpose of constructing the Artery project. Primary Issues to Consider Does the City support the grant request to Hennepin County TOD for funds to assist with the construction of the Artery project? Supporting Information Resolution 2016-025 ___________________________ Meg Beekman Community Development Coordinator Council Report 2016-029 Page 2 Financial Impact: $_________Budgeted: Y/N ___ Source: __________ Related Documents (CIP, ERP, etc.): _______________________________________ Notes:_______________________________________________________________ Analysis of the Issues The City would be applying for a $300,000 grant from the Hennepin County TOD fund. Hennepin County has previously allocated nearly $700,000 to the Artery project through both the Hennepin County TOD program and the reallocation of funds the City was awarded through a 2012 Challenge Grant that were not used. As the Artery project has moved into final design and engineering, continued discussions with both Hennepin County and the Met Council have led to additional work identified at the intersection of Excelsior Boulevard and 8th Avenue. The County has informed the City that they would allow the reduction of a right turn lane on Excelsior Boulevard eastbound to 8th Avenue southbound. This will allow the intersection to be narrowed, greatly improving the pedestrian and bicyclist experience and safety. The reduction of the lane also triggers the need for relocated stop lights at all four legs of the intersection. This additional work will be completed by the Southwest LRT project as part of their reconstruction of the south side of that intersection; however, the City will be required to pay for the additional expenses. The Hennepin County TOD grant would be used to off-set some of these additional costs. Alternatives The Council has the following alternatives: Approve Resolution 2016-025 Approve Resolution 2016-025 with changes Deny Resolution 2016-025 and opt not to support the grant request RESOLUTION NO.2016-025 CITY OF HOPKINS,MINNESOTA RESOLUTION AUTHORIZING AN APPLICATION FOR A GRANT FROM HENNEPIN COUNTY’S TRANSIT ORIENTED DEVELOPMENT PROGRAM FOR THE ARTERY CORRIDOR WHEREAS the City of Hopkins is eligible to make application for grant funds from Hennepin County’s Transit Oriented Development Program; and WHEREAS the City wishes to submit an application requesting grant funds from the Hennepin County Transit Oriented Development Program; and WHEREAS the grant funds will be used for certain infrastructure improvements within the Artery Corridor project; and WHEREAS the Hennepin County Transit Oriented Development Program Guidelines require approval by the governing body of the City for submission of a grant application to the Hennepin County Transit Oriented Development Program; and WHEREAS the City has the institutional, managerial and financial capability to ensure adequate project administration for any grant funds received; and WHEREAS the City certifies that it will comply with all applicable laws and regulations as stated in the contract agreements; NOW THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the governing body of the City supports the submission of a Transit Oriented Development Program grant application to the Hennepin County Housing and Redevelopment Authority for the proposed Artery Corridor project and that the City Manager is hereby authorized to apply to the Hennepin County Transit Oriented Development Program on behalf of the City of Hopkins as well as execute such agreements as are necessary to implement the project on behalf of the City. Adopted this 29th day of February, 2016. By: ______________________________ Molly Cummings, Mayor Attest: _______________________________ Amy Domeier, City Clerk