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16-11195r RESOLUTION NO. 11195 RESOLUTION AUTHORIZING THE CITY OF RICHFIELD TO ENTER INTO A COST PARTICIPATION AGREEMENT WITH HENNEPIN COUNTY FOR $1,500,000 TO BE USED FOR RIGHT-OF-WAY ACQUISTITION ON THE 77TH STREET EXTENSION AND UNDERPASS OF TRUNK HIGHWAY 77 WHEREAS, Hennepin County has allocated $1,500,000.00 in cost participation funds; and WHEREAS, The City intends to use these funds to complete right-of-way acquisition for the 77th Street Extension and Trunk Highway 77 Underpass; and WHEREAS, Minnesota statute 465.03 requires every acceptance of a grant or devise of real personal property on terms prescribed by the donor be made by resolution of more than two-thirds majority of the City Council. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota as follows: 1. The City Council of the City of Richfield hereby authorizes the Mayor and City Manager to enter into a Cost Participation Agreement with Hennepin County in the amount of$1,500,000. 2. Appropriate City personnel are authorized to administer the funds in accordance with the agreement and the terms described by Hennepin County. Adopted by the City Council of the City of Richfield, Minnesota this 26th day of April, 2016. ebbie Goettel, Mayor ATTEST: qiY0 / 11 1 Elizabeth VanHoose, City Clerk