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86-7148R24 RESOLUTION NO. 7148 RESOLUTION APPROVING THE EXPENDITURE OF $15,000_TO THE METROPOLITAN COIINCIL FOR PARTICIPATION IN THE I-49~ CORRIDOR TRAFFIC STUDY WHEREAS, I-~94 was one of the first Interstate Highways constructed in the metropolitan area 26 years ago; and WHEREAS, the Metropolitan Council, Mn/DOT, RTB, Hennepin County and affected municipalities recognize the need for improvements to I-494 to serve existing and expected development in the south and southeast portions of the 'metropolitan area and thus have proposed that an I-494 Corridor Study be conducted; and WHEREAS,. a study~.outline has been prepared showing the objectives and organization of such a study as well as the tasks to be completed; and WHEREAS, such a study will require $150-200.,000 of consultant services to supplement the staff commitment of the participants, $90-95,000 of which has been committed by Mn/DOT, Metropolitan Council and-the Regional Transit Board, if Hennepin county and the municipalities in the primary impact area each contribute $15,000. THEREFORE, BE IT RESOLVED that the City Council of the City of Richfield commit to participate in the I-x+94 Corridor Study and contribute $15,000 toward consultant s rvices for the study. Passed by the City Council%th' 10th Y q~ March, 1986. '~ rt ~ /// /qh~h Hamil ATTEST: ~ /;~/ Thomas Ferber City Clerk Mayor