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04-9456r 56 RESOLUTION NO. 9456 RESOLUTION SUPPORTING LEGISLATION TO PROVIDE IMPROVED FUNDING FOR 1-494 CORRIDOR IMPROVEMENTS WHEREAS, the cities of Bloomington, Edina, Eden Prairie, Minnetonka, Plymouth and Richfield have joined together to promote improvement of 1-494 from the Minnesota River to 1-94 in order to increase road capacity and to improve the productivity and convenience of residents and businesses throughout the region; and WHEREAS, accelerating the scheduled expansion of 1-494 is a common and high priority objective of the 1-494 Corridor Coalition communities; and WHEREAS, the 1-494 corridor is at 50 percent over capacity in many locations; the cost of traffic congestion along the corridor is $100 million per year, and congestion is expected to double in the next 20 years; and WHEREAS, funding for improvements to the 1-494 corridor, the Twin Cities metropolitan region and greater Minnesota has not kept pace with growth and demand due to a lack of any state gas tax increase in Minnesota since 1988; and WHEREAS, transportation spending, as a percentage of the state gross product, has declined from 1.2 percent to .9 percent over the past decade, transit is funded at 65 percent that of similarly sized regions and planners estimate that at least $1 billion in improvements per year for the next decade is needed to simply keep up with anticipated congestion; and WHEREAS, the costs and ramifications of congestion are an impediment to business development, economic growth, and reduce the overall quality of life in the metropolitan area. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF RICHFIELD that this Council supports steps to decrease congestion and increase the state revenues available for improvements to the 1-494 corridor and other metropolitan transportation systems. Adopted by the City Council of the City of Richfield, Minnesota this 27 d~y of April, 2004. Martin J. Kir ATTEST: Yltx~At;(p~ Nancy Gibbs ity Clerk