Title
Pertaining to Gold Line Bus Rapid Transit Subordinate Funding Agreement No. 1 with Metropolitan Council to provide reimbursement for costs incurred from water system upgrades.
Body
WHEREAS, the Metropolitan Council intends to award a contract for the construction of its Gold Line Bus Rapid Transit Project, a new transit line connecting the east metropolitan area along a ten-mile route with service between Saint Paul and Woodbury; and
WHEREAS, the Board of Water Commissioners of the City of Saint Paul (the “Board”) owns and operates certain water facilities presently located within the limits of said project; and
WHEREAS, on February 11, 2020, the Board approved a Master Funding Agreement with Metropolitan Council to provide for reimbursement of water facility work within the Project, with Metropolitan Council to reimburse the Board for costs incurred to provide coordination, inspection, testing, temporary water service and valve operations required for relocation of water facilities, and the Board to reimburse Metropolitan Council for costs incurred to provide upgrades to the Board’s water system; and
WHEREAS, said Master Agreement specified that the parties intend to address the exact amount of said reimbursements by execution of future Subordinate Funding Agreements; and
WHEREAS, Metropolitan Council and Board staff have prepared Subordinate Funding Agreement No. 1 to provide such reimbursement by the Board to the Metropolitan Council for costs incurred in the project management and design for the reconstruction of existing water facilities generally located under Hudson Road, starting at the Plum Street/Bates Avenue intersection and continuing eastward to a point approximately 185 feet east of Frank Street in an amount not to exceed $115,550; and
WHEREAS, the assistant city attorney has reviewed and approved said Subordinate Funding Agreement No. 1 as to form; now, therefore, be it
RESOLVED, that Subordinate Funding Agreement No. 1 between the Board of Water Commissioners of the City of Saint Paul and the Metropolitan Council pertaining to reimbursement by the Board to the Metropolitan Council for costs incurred in the project management and design for the reconstruction of existing water facilities generally located under Hudson Road, starting at the Plum Street/Bates Avenue intersection and continuing eastward to a point approximately 185 feet east of Frank Street in an amount not to exceed $115,550 is hereby approved in substantially the form submitted, and that the proper officers are hereby authorized and directed to execute said agreement on behalf of the Board following approval by the assistant city attorney.