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MEMORANDUM <br /> <br />DATE: <br /> <br />TO: <br /> <br />FROM: <br /> <br />RE: <br /> <br />August 31, 2001 <br /> <br />NCDA <br /> <br />Tim Yantos, Project Director <br /> <br />2002 NCDA Budget <br /> <br />Please note that the 2002 Budget is on the agenda for the September 6th NCDA <br />meeting. At its meeting on August 23, the Executive Committee approved the proposed <br />2002 Budget and is recommending that the NCDA approve the budget at its September <br />meeting. The proposed budget includes a line item for $2,5000,000 for final design and <br />right-of-way acquisition. The intent of the Executive Committee was to provide the local <br />match for the $10,000,000 that is currently in the House Transportation Bill in Congress. <br /> <br />Immediately following the August 23, 2001 NCDA Executive Committee Meeting, the <br />CRCCC met and was informed by Mn/DOT's Chief of Staff, Margo LaBau, that Mn/DOT <br />intends to provide the necessary $2.5 million match for the federal funding. On <br />Wednesday, August 29th, Commissioner Elwyn Tinklenberg, in a phone conversation, <br />assured NCDA Chair Betsy Wergin of his intent that Mn/DOT provide the $2.5 million. <br /> <br />As a result of these Mn/DOT assurances, it is recommended that the proposed 2002 <br />budget be amended to remove the line item for final design and right-of-way acquisition. <br />The total proposed budget would be reduced from $3,250,000 to $750,000. A revised <br />budget is attached for your consideration. <br /> <br />If you have any questions, please call me at 763-323~5692 <br /> <br /> Northstar Corridor Developme~tt Aztthority <br />2100 3''~ Avenue, Anoka, Minnesota 55303-2265 (763) 323-5700 Fax: f763) 323-5682 www northstartrain org <br /> <br /> <br />