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00T-I9-2001 F~] Ot ;25 ?~ ?~O~:A$8T COM~ ~ gOT <br /> <br />296 6135 <br /> <br />Agenda <br /> <br />Item <br /> <br />~%3a <br /> <br />Northstar Corridor Commuter Rail Project <br /> Fund2ng Source Ta!~ug Points <br /> <br />It is the Minn~ota Deparmaem of Transportatlon's (Ma/DOT) intention to construct thc <br />entire North_~mr Corrldor commuter rail l{n¢ fi-om Minn~.apnlis to Ric~. <br /> <br />Thc Northstar Corridor commuter rail line will t~ot be ¢ligibl0 for any f~clera/funds un,let <br />any federal program unless the entire state match {$120 million) is committed this year. <br /> <br />Funding for lhe Northstar Corridor is a critical el~mcnt, particularly federal funds. Simil~ to <br />most major transportation projects, multiple fundlng sources are required to fund projects. <br />The Northstar Corridor [:n, uject will 1:~ optimally positioned to receive fedexaI funds if . <br />multipl, sources am pursued. <br /> <br />The Ped~al Tr~si: Administration, through a Full Funding Grant Agreement <br />proton, prioritize~ projecm based on its New Start~ Criteria. Based on the campetkivc <br />re, quirem~ats of au FFGA, the Minncapolis to Big lake segment is a likely ctmdidalo for <br />$ucc~s.s. <br /> <br />Mn/DOT is pursuing additional and all po~siblo f~al fundiag options for the Northstar <br />CorridaC for the rem~!ug portiort of thc corridor from Big Lake to Rice. These sources <br />include bur are not limited to. the Federal Railroad Administration, Federal Highway <br />Administration. other FI?A sources relating to other transit funding categories and/or sp~Afic <br />earmarks. <br /> <br />Mn/D~ haz engaged tho services of an expert coasultant to provide guidance ia leverag~g <br />~tz/O d0lllns, against federal programs tO bring the entire project to consu'ucfion. <br /> <br />Mu/DOT is commit:ed m and confident that funding for thc full length of the Northstar <br />Corridor from Minneapolis to Rice will be obtained. <br /> <br /> <br />