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Item # 6.3. <br />of <br />ver <br />MEMORANDUM <br />TO: City Council <br />FROM: Lori Johnson, City Administrator <br />DATE: May 18, 2009 <br />SUBJECT: Interchange Grant <br />Mn/DOT representatives recently approached City staff to see if the Ciry was interested in <br />applying for newly available transportation funds fox interchange improvements that <br />promote economic development. A total of $40 million is available for interchange <br />improvements with a maximum of $10 million per interchange. The interchange would not <br />need to be bid until 2013. <br />As you know, a new interchange on Highway 10 has been identified in the 1715[ Avenue <br />Focus Area Study. Because the grant for the interchange does not require bid authorization <br />until 2013, the new interchange on Highway 10 north of the RDF plant is an eligible project. <br />The Ciry would have time between now and 2013 to design the interchange and determine <br />how the remainder of the project would be funded. This is a one time opportunity to receive <br />$10 million to fund the interchange. Staff is prepared to submit an application for funding <br />by the June application deadline. <br />Public Works Director Terry Maurer and Planning Manager Jeremy Barnhart met with <br />Mn/DOT representatives about this funding opportunity. They will be at Monday's meeting <br />to provide additional information and to answer questions from the Council. <br />