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88-7426R96 RESOLUTION N0. 7426 RESOLUTION CALLING FOR THE EXECUTION OF THE JOINT POWERS AGREEMENT PROVIDING FOR THE IMPLEMENTATION OF THE I-494 CORRIDOR STUDY WHEREAS, the Richfield City Council approved the recommendation of the Ad Hoc Traffic Committee on the I-494 Traffic Corridor Study Final Report, and WHEREAS, said recommendation was that the City of Richfield coordinate Traffic Demand Management measures through a joint powers organization, and WHEREAS, the committee also recommended that Richfield participate in the preparation of an Environmental Impact Statement for the I-494 Improvements and consider a 3X share in the cost of the EIS. NOW THEREFORE BE IT RESOLVED by the City Council of the City of Richfield that the Council approve the Joint and Cooperative Agreement between the State of Minnesota and the Cities of Bloomington, Eden Prairie, Edina, Minnetonka and Richfield and authorize the Mayor and City Manager to execute the contract. Passed by the City Council of the City of Richfield this 27th day of June, 1988. ATTEST: Thomas P. Ferber, City Clerk