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NCDA Agenda Item #2e <br />Counties contribute funding for the remaining 17% of capital costs, to be allocated as follows: <br />Anoka County Regional Railroad Authority (53.9 %), Hennepin County Regional Railroad <br />Authority (14.1 %), Sherburne County Regional Railroad Authority (13.2 %) and Stearns County <br />Regional Railroad Authority (18.8 %); and <br />WHEREAS, Laws of Minnesota 2006, Chapter 258, subd. 4(d) provides that if the <br />Northstar commuter rail line is extended from Big Lake to the St. Cloud area, regional rail authority <br />members of the NCDA who did not fund a portion of the share of capital costs from Minneapolis to <br />Big Lake shall contribute an amount for the extension equal to the amount they would have <br />contributed for their proportional share of the entire line from Minneapolis to the St. Cloud area; <br />and <br />WHEREAS, because the Stearns County Regional Railroad Authority did not contribute to <br />Phase I, its share of the capital costs of Phase II will be equal to their proportional share of the <br />entire line (Phase I and II) and the Phase I Funding Partners contributions to Phase II will be <br />adjusted to account for the Stearns County Regional Railroad Authority's contribution for the first <br />phase of the Project in the total amount of $9,588.000. <br />NOW, THEREFORE, BE IT RESOLVED BY THE NORTHSTAR CORRIDOR <br />DEVELOPMENT AUTHORITY: <br />1. The NCDA hereby recommends that the Regional Railroad Authorities of Anoka, <br />Hennepin, Sherburne and Stearns Counties commit to contribute an amount not to <br />exceed $25,500,000 to match state and federal funding for the capital costs of <br />developing and constructing Phase II of the Northstar Corridor Commuter Rail <br />Project, to be allocated in accordance with the spreadsheet dated May 4, 2010, <br />attached and incorporated herein. <br />M1:530542.01 <br />