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08-24 Resolution No. 11871RESOLUTION NO. 11871 RESOLUTION APPROVING EXHIBIT E FOR GRANT AGREEMENT TO STATE TRANSPORTATION FUND LOCAL ROAD IMPROVEMENT PROGRAM GRANT TERMS AND CONDITIONS FOR CONSTRUCTION OF THE 77TH STREET AND TRUNK HIGHWAY 77 IMPROVEMENTS PROJECT (SP 157-594- 003; SP 157-108-035; & SP 2758-82) WHEREAS, the City of Richfield has applied to the Commissioner of Transportation for a grant from the Minnesota State Transportation Fund for Local Road Improvement; and WHEREAS, the Commissioner of Transportation has given notice that funding for this project is available; and WHEREAS, the amount of the grant has been determined to be $11,690,000 by reason of the lowest responsible bid. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, that the City of Richfield does hereby agree to the terms and conditions of the grant consistent with Minnesota Statutes, section 174.52 and will pay any additional amount by which the cost exceeds the estimate, and will return to the Minnesota State Transportation Fund any amount appropriated for the project but not required. The Mayor and City Manager are hereby authorized to execute a grant agreement and any amendments thereto with the Commissioner of Transportation concerning the above - referenced grant. Adopted by the City Council of the City of Richfield, Minnesota, this 24th day of August, 2021. an �KtAo!?n j Maria Regan Gonzalez, Mayor ATTEST: Kari Sinning, -City Clerk