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05-9594r 194 RESOLUTION NO. 9594 RESOLUTION ENCOURAGING LEGISLATION TO INCREASE FUNDING FOR 1-494 CORRIDOR IMPROVEMENTS WHEREAS, the cities of Bloomington, Edina, Eden Prairie, Minnetonka, Plymouth and Richfield have joined together to promote improvement of 1-494 from the Minnesota River to 1-94 in order to increase road capacity and to improve the productivity and convenience of resident and businesses throughout the region; and WHEREAS, funding for improvements to the 1-494 corridor, the Twin Cities metropolitan region and greater Minnesota has not kept pace with growth and demand; and WHEREAS, accelerating the scheduled expansion of 1-494 is a common and high priority objective of the 1-494 Corridor Coalition communities; and WHEREAS, the 1-494 corridor is over capacity in many locations; the cost of traffic congestion along the corridor is $100 million per year, and congestion is expected to double in the next 20 years; and WHEREAS, these costs and the ramifications of congestion are an impediment to business development, economic growth, and reduce the overall quality of life in the metropolitan area; and WHEREAS, transportation funding, in inflation adjusted dollars, has declined by more than 25 percent over the past decade, transit is funded at 65 percent of that in similarly sized regions, and planners c:m<;l government officials estimate that $700 million to $1 billion in improvements per year is needed over the next decade to simply keep up with anticipated congestion. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Richfield, Minnesota, that this Council supports legislation to decrease congestion and increase the state revenues available for improvements to the 1-494 corridor and other metropolitan transportation systems. Adopted by the City Council of the City of Richfield, Minnesota this 22nd day of February, 2005. . \. ( \ n ?7;;;:/;;~ ~ Martin J. Kirs , Mayor ATTEST: '---t\~):j);& Nancy Gibbs, Ity Clerk