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RESOLUTION 96- 2 <br /> <br />A RESOLUTION FOR THE CITY OF ELK RYV'ER <br /> <br />A RESOLUTION OF SUPPORT FROM THE CITY OF ELK R1VER <br />CONCERNING ITS SPONSORSHIP OF AN INTERMODAL SURFACE <br />TRANSPORTATION EFFICIENCY ACT (ISTEA) GRANT FOR A <br />TRANSPORTATION ENHANCEMENT PROJECT <br /> <br />WHEREAS, <br /> <br />the Intermodal Surface Transportation Efficiency Act <br />(ISTEA) of 1992 allocates approximately $7 million in <br />Federal Transportation Funds for qus]i('ying projects in <br />Minnesota; and, <br /> <br />WHEREAS, <br /> <br />the City of Elk River has prepared an apphcation for <br />ISTEA funding consideration; and, <br /> <br />WHEREAS, <br /> <br />the apphcation seeks ISTEA grant funds for <br />transportation enhancements; and, <br /> <br />WHEREAS, <br /> <br />the ISTEA grant funds ~411 be incorporated into the <br />Mississippi Riverfront Pathway Project in downtown <br />Elk River. <br /> <br />NOW, THEREFORE, BE IT RESOLVED that the City of Elk River act as <br /> the sponsoring agency for a transportation enhancement <br /> project identified as the ~ssissippi Riverfront Pathway <br /> Project and acknowledges herewith that it is willing to be <br /> the project sponsor, knowing full well that such <br /> sponsorship includes a v~ll{ngness to secure and <br /> guarantee the local share of costs associated with this <br /> project and responsibility for seeing this project through <br /> to its completion, with compliance of all applicable laws, <br /> rules and regulations. <br /> <br />BE IT FURTHER <br /> <br />RESOLVED that William Rubin, Economic Development <br />Coordinator, is hereby authorized to act on behalf of this <br />apphcant. <br /> <br />BE IT FURTHER RESOLVED that the Agreement to Maintain Facility <br /> attached hereto is intorporated into, and made a part of, <br /> this Resolution. <br /> <br /> <br />