09-12 Resolution No. 11390 RESOLUTION NO. 11390
RESOLUTION AUTHORIZING THE CITY OF RICHFIELD TO APPLY FOR THE
TRANSPORTATION AND ECONOMIC DEVELOPMENT PROGRAM AND ACCEPT
FUNDS IF CHOSEN
WHEREAS, that the City of Richfield acts as the legal sponsor for the 77th Street
Underpass Project contained in the Transportation Economic Development (TED) Program
Application to be submitted on September 15, 2017 and that the City Engineer is hereby
authorized to apply to the Minnesota Department of Transportation for funding of this project
on behalf of the City of Richfield.
WHEREAS, that the City of Richfield has the legal authority to apply for financial
assistance, and the institutional, managerial, and financial capability to ensure matching
funds and adequate construction of the proposed project.
WHEREAS, that the City of Richfield has not violated any Federal, State or local
laws pertaining to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other
unlawful or corrupt practice.
WHEREAS, that upon approval of its application by the state, the City of Richfield
may enter into an agreement with the State of Minnesota for the above-referenced
project(s), and that it will comply with all applicable laws and regulations as stated in all
contract agreements.
WHEREAS, that, the City of Richfield and other stakeholders have committed over
$20,000,000 towards the local match requirement.
WHEREAS, that, the City of Richfield confirms if the project cost increases above
the amount listed in the Application, the City of Richfield will provide or secure all additional
funds necessary to complete the project.
The City of Richfield certifies that it will comply with all applicable laws, regulations,
and rules of the Application.
WHEREAS, that the sources and uses, private investors, equity, and other financing
commitment represented in the attached document are accurate.
NOW, THEREFORE BE IT RESOLVED that the Mayor and City Manager or their
successors in office, are hereby authorized to execute such agreements, and amendments
thereto, as are necessary to implement the project(s) on behalf of the applicant.
Adopted by the City Council of the City of Richfield, Minnesota this 12th day of
September, 2017.
Pat Elliott, Mayor
ATTEST:
9_76 L � I -
Elizabeth VanHoose, City Clerk