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$3,240,000 will be necessary based on the present cost estimate to fully implement the <br />project. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: The City of Elk River agrees to commit the necessary local <br />revenues to match the STPBG funds approved by the ATP in its ATIP and included in the <br />STIP and to cover any additional costs that may be necessary to complete the project as <br />submitted. <br />Passed and adopted this 1" day of July, 2019. <br />ATTEST: <br />---I V <br />Tina Allard, City Clerk <br />zq <br />4J. D' tz, v r <br />NAI <br />