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96-8349r 24 RESOLUTION NO. 8349 RESOLUTION AUTHORIZING A COOPERATIVE CONSTRUCTION AGREEMENT WITH THE MINNESOTA DEPARTMENT OF TRANSPORTATION ON THE 1-4941CTM PROJECT WHEREAS, Cooperative Construction Agreement No. 74864 with the Minnesota Department of Transportation (MnDOT) is part- of a federal demonstration project designed to improve traffic flow on the freeway and local streets in the 1-494 Corridor; and WHEREAS, the proposed local share of Richfield funds for the project is consistent with the cost sharing agreement previously approved by participating governmental agencies; and WHEREAS, the construction work proposed in this cooperative construction agreement using federal grant funds is necessary to improve traffic flow in the 1-494 Corridor. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Richfield, Minnesota, as follows: that the City of Richfield enter into Agreement No. 74864 with the State of Minnesota, Department of Transportation for the following purposes, to wit: to provide for payment by the City to the State of Minnesota of the City's share of the costs of the integrated corridor traffic management system components construction and other associated construction to be performed upon, along and adjacent to Trunk Highway No. 494 from the east to the west corporate City limits under State Projects No. 2785-300 (T. H. 494=393) and No. 157-030-01. BE IT FURTHER RESOLVED that the Mayor and City Manager are hereby authorized and directed to execute such agreement. Adopted by the City Council of the City of Richfield, Minnesota this 28th day of May, 1996. ;h;~.. ~~~j Martin J. Kirsch, or ATTEST: ~nLUJ ~~ Thomas P. Ferber, City Clerk