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<br />(j) <br />Q') <br />.......... <br />~>. <br />Nc <br />..........0 <br />OO~ <br />O:g <br />Q. <br />I~ <br />~ <br />,....-t.~ <br />+t:~ <br />0::: <br />1->- <br />lL.~ <br /><( <br />0::: <br />o <br /> <br />6. <br /> <br />Article VII of the Agreement shall be amended by adding a new Section 5 as <br />follows: <br />Section 5: Capital Financing. It is understood by the parties that the <br />capital costs of the Northstar Corridor project are to be funded primarily by <br />grant monies from the United States Government, the State of Minnesota <br />or any other association or agency. In addition, it is contemplated that <br />certain member counties and regional railroad authorities will contribute <br />funding for capital costs pursuant to agreements independent of this <br />Agreement. <br /> <br />. <br /> <br />7. Article VII of the Agreement shall be amended by adding a new Section 6 as <br />follows: <br />Section 6: Operations and Operations Financing. Nothing in this <br />Agreement shall create an obligation or authorize the Authority to operate <br />or finance the operations of commuter rail in the Northstar Corridor. <br /> <br />8. This Amendment No. 1 may be executed in two or more counterparts, each of <br />which shall be deemed an original, but all of which shall constitute one and the <br />same instrument. <br /> <br />9. The terms and conditions set forth in the Agreement shall continue in full force <br />and effect, except as modified herein, and shall apply to this Amendment No. 1 <br />as if fully set forth herein. <br /> <br />IN WITNESS WHEREOF, the parties to this Amendment No.1 to the Joint <br />Powers Agreement Establishing the Northstar Corridor Development Authority have <br />hereunto set their hands on the date written below: <br /> <br />. <br /> <br />. <br /> <br />4 <br />