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Councilmember Elvig introduced the following resolution and moved for its adoption: <br />RESOLUTION #10 -08 -194 <br />RESOLUTION DEDICATING $3.1 MILLION OF CITY OF RAMSEY FUNDING FOR <br />THE RAMSEY RAIL STATION AND AUTHORIZING CTIB GRANT APPLICATION <br />FOR 2011 <br />WHEREAS, the City of Ramsey Rail Station is a top City priority and the City supports <br />making application to the County Transit Investment Board (CTIB) for a $1 million grant to <br />assist in funding the Ramsey Rail Station; and <br />WHEREAS, 2011 would be the first -year CTIB allocation of an anticipated total of $3.2 <br />million to come from CTIB over three years; and <br />WHEREAS, the total project cost for funding purposes is estimated at approximately <br />$15 million; and <br />WHEREAS, grant application is due on September 10, 2010, with awards being made in <br />November, 2010; and <br />WHEREAS, a positive award of $1 million in CTIB funding would put the City of <br />Ramsey on track for making other funding requests and would serve as a positive indicator for <br />private development that the Ramsey Rail Station Project has support from other levels of <br />government; and <br />WHEREAS, the Ramsey Rail Station project will provide a valuable transit option to <br />veterans visiting the new Ramsey Community Based Outpatient Clinic to be completed in 2012; <br />and <br />WHEREAS, the City of Ramsey has already invested or committed to over $10 million <br />in local, regional, and federal funding for the development of structured parking and station area <br />improvement for an existing transit facility, and these improvements will be integral components <br />of the rail station project; and <br />WHEREAS, the Ramsey Rail station project has received authorization and /or support <br />from the Anoka County Regional Rail Authority, the Northstar Corridor Development Authority, <br />Metro Transit, and the Metropolitan Council; and <br />WHEREAS, the City is in the process of establishing a tax increment financing district <br />in the vicinity of the proposed rail station for the purpose of funding public infrastructure <br />projects such as the rail station; and <br />WHEREAS, the City of Ramsey will .guarantee an amount not to exceed $3.1 million <br />for the local match as indicated in the attached Exhibit A, and will make requests to the County <br />and the regional rail authorities to determine their level of participation toward this local match; <br />and <br />WHEREAS, per the attached Exhibit A, the Ramsey Rail Station project anticipates <br />funding from other Federal, State, and regional sources to fund the $15 million project cost; and <br />