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HomeMy WebLinkAbout07-025 4646 Dakota Street S.E. Prior Lake, MN 55372-1714 RESOLUTION 07-025 AUTHORIZING FUNDING FROM THE TRANSIT FUND BALANCE FOR THE SOUTH BRIDGE CROSSINGS REGIONAL PARK & RIDE FACILITY. Motion by: LeMair Second by: Hedberg WHEREAS, the City Council recognizes the value of providing quality, cost-effective transit services for the Prior Lake community; and WHEREAS, The City's 2030 Vision and Strategic Plan identifies addressing transit needs as a goal in providing a better quality community; and WHEREAS, the City values its partnerships with Scott County and other Scott County communities; and WHEREAS, since August 2005, consistent with the Unified Transit Management Plan adopted by Scott County and the communities within Scott County, the City, County, Metropolitan Council, and Shakopee, have been working toward development of a regional 500-stall park & ride facility to be known as Southbridge Crossings Station; and WHEREAS, the City Council has entered into a Memorandum of Understanding and Cooperative Agreements outlining the project and the roles and obligations of the parties and authorized funding for this purpose; and WHEREAS, during the course of construction additional costs were incurred and additional funding is required consistent with the previous agreements; and WHEREAS, funding for this purpose is available in the Transit fund balance. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. Funding not to exceed $57,096.00 shall be drawn from the Transit Fund balance. PASSED AND ADOPTED THIS 20TH DAY OF FEBRUARY, 2007. Hauaen X Hauaen Erickson X Erickson Hedbera X Hedbera LeMair X LeMair Millar X Millar YES NO Fran:b!~ager www.cityofpriorlake.com ,Ph.9f1e, 95,?.44;?,~~OP,/ i PClX 952.447.4245