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2015-053 Committing $500,000 in Local Funds to the Southwest Light Rail Transit Project (Green Line Extension) CITY OF HOPKINS HENNEPIN,MINNESOTA RESOLUTION 2015-053 RESOLUTION COMMITTING$500,000 IN LOCAL FUNDS TO THE SOUTHWEST LIGHT RAIL TRANSIT PROJECT (GREEN LINE EXTENSION) WHEREAS,The City of Hopkins has been a partner in planning for the Southwest Light Rail Transit project; and WHEREAS,The proposed Southwest Light Rail Transit(Green Line Extension)project will extend the Green Line from downtown Minneapolis through the communities of St. Louis Park, Hopkins, Minnetonka and Eden Prairie; and WHEREAS, The City of Hopkins and our residents will benefit through the location of three stations within our boundaries; and WHEREAS, the three stations at Blake, Downtown Hopkins and Shady Oak will offer an attractive transportation option for Hopkins residents and increase redevelopment opportunities strengthening the City's tax base; and WHEREAS, due to an escalation of project costs, in order for the Southwest Light Rail Transit project to be viable certain project elements are planned to be cut that do not impact the overall functionality of the line, and additional local funds are being sought to maintain an acceptable project design and functionality that will benefit Hopkins; and WHEREAS,as one of the partnering cities, the City of Hopkins has been asked to contribute towards the project budget, and WHEREAS,the City of Hopkins has identified $500,000 as the appropriate contribution towards realizing the construction of the Southwest Light Rail Transit Line; and WHEREAS, the City of Hopkins understands that the project is undergoing state and federal environmental review and that this identification of funds is not intended to prejudice or compromise any of these environmental review processes or any decisions made under them. NOW,THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration,the governing body of the City of Hopkins hereby commits $500,000 towards the Southwest Light Rail Transit project over the course of the construction anticipated to be 2017- 2020. After all necessary state and federal environmental review has taken place and the Record of Decision(ROD)has been published in the Federal Register, the City of Hopkins will address the terms and conditions of this commitment through a subsequent resolution regarding appropriation of funds through a subordinate funding or other agreement with the Metropolitan Council. Adopted this 7th day of July, 2015. By: Eugene J. Maxwell, Mayor Attest: I► _ f/UA Amy Domeier, City Clerk