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<br />U 1J(]@!X1'[1[}{]@'[1!IJ!X1 <br />@@)[ff3[ff30[ff)@)[ff3 <br /> <br />Executive Committee/ Capital Budget Committee Agenda Item #5 <br />NCDA Agenda Item #2c <br /> <br />MEMORANDUM <br /> <br />August 27, 2004 <br /> <br />To: <br /> <br />Executive Committee I Capitai Budget Committee <br />Northstar Corridor Development Authority <br /> <br />From: <br /> <br />Staff <br /> <br />Subject: <br /> <br />Authorization to Enter Into a Grant Agreement with the Metropoiitan Council <br /> <br />Recentiy, Governor Pawlenty and the NCDA announced plans to provide interim funding <br />that would allow the Northstar Corridor commuter rail line project to proceed. The action by <br />the Governor will secure $10 million in federal funding for property acquisition and related <br />activities, as well as BNSF negotiations. The Governor's plan includes using $2.5 miliion <br />from the Metropolitan Council as the local match to the $10 million. These funds will be <br />used for land acquisition in the metropolitan area for the Northstar Corridor facilities. The <br />Metropolitan Council approved the $2.5 million in funding at its meeting on August 11, 2004. <br /> <br />Action ReQuested: That the Executive Committee I Capital Budget Committee <br />recommend that the NCDA authorize the Chair finaiize negotiations <br />and execute a Grant Agreement with the Metropoiitan Council for the <br />$2.5 million in funding contribution to be used for land acquisition in <br />the metropoiitan area for the Northstar Corridor facilities. <br /> <br />North.l'tar Corridor Development Authority <br />21003" Avenue. Anoku. Minnesota 55303-2265 (763) 323-5700 Fax: (763) 323-5682 www.northsturtrain.org <br />