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<br /> <br /> <br />City of Elk River <br />REQUEST FOR COUNCIL ACTION <br />Agenda Section Meeting Date <br />Consent November 6, 2006 <br />Item Description <br />A reement for TH169 Stud <br /> <br /> <br />Introduction <br />Previously the City Council authorized the expenditure of up to $1 million of Municipal State Aid funds <br />for the fmancing of a Mn/DOT study on TH169 in the City of Elk River. <br /> <br />Discussion <br />In order to formalize the arrangement between Mn/DOT and the City of Elk River for funding of the <br />TH169 corridor study, Mn/DOT has prepared the attached Agreement. The Agreement calls for the city <br />to fund the $1 million in two payments of $500,000 each. The fIrst is due upon invoice from Mn/DOT; <br />the second will be invoiced after July 1, 2007. The Agreement can be terminated at any time by written <br />agreement of the parties. <br /> <br />Financial Impact <br />The city has agreed to fund $1 million for this study. Funding is to come from the city's Municipal State <br />Aid account. <br /> <br />Attachments <br /> <br />· Agreement between the City of Elk River, Minnesota and Minnesota Department of <br />Transportation for corridor study. <br /> <br />Action Requested <br />Formal approval of the Agreement and authorization for the Mayor and city administrator to execute the <br />Agreement on behalf of the city. <br /> <br />Council Action <br /> <br />Motion by _ <br /> <br />Second by _ <br /> <br />Vote <br /> <br />Follow Up <br /> <br />S: \EngineerImprovProj\2006 Improvement Projects \ TH 169 Study\Mndot Agreement for Study. doc <br />