Consider Approval of Resolution for Agreement to State Transportation Fund Local Road Improvement Program, Account 262, SAP 199-104-010 Grant Terms and Conditions

The City of Ramsey has previously been notified that we have received a Local Roads Improvement Projects (LRIP) grant in the amount of $500,000 for the Sunwood Drive Realignment Project. MNDOT State Aid Finance Department requires a Resolution from the City agreeing to finance any cost in excess of the grant.  A resolution to that affect is attached. 

For some additional background information:

Over 158 projects totaling over $282 million were submitted for the $10 million available for the LRIP Funds.
The City of Ramsey's project was one of 28 selected.  The average award was $357,142.90.  The City of Ramsey received the maximum amount possible.

N/A

In order to receive the funds, the City must first adopt the attached resolution.  After adoption of the resolution, the City must certify that is has a fee simple, leasehold and/or easement interest in the property (Exhibit C to the Grant Agreement) and then enter into the Grant Agreement with the State.  The permanent easement for the re-aligned Sunwood Drive will be created upon filing of the COR TWO plat, and will allow the City to move forward with the Grant Agreement. 

Upon entering into the Grant Agreement with the State, the re-aligned portion of Sunwood Drive will be considered Restricted Property for a period of 37.5 years. 

Staff recommends approval of Resolution #12-12-XXX Resolution for Agreement to State Transportation Fund Local Road Improvement Program, Account 262, SAP 199-104-010 Grant Terms and Conditions

N/A - City staff is preparing the Resolution and Grant Agreement

Motion to approve Resolution #12-12-XXX Resolution for Agreement to State Transportation Fund Local Road Improvement Program, Account 262, SAP 199-104-010 Grant Terms and Conditions and authorizing the Mayor and staff to enter into the Grant Agreement upon recording of the COR TWO plat.