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2. In addition, the City owns and will convey by quitclaim deed property rights <br />necessary for construction and operation of the Ramsey commuter rail <br />platform. Such conveyance shall be at no cost to the transferee.jNoto: 1: <br />Brian Olson will check to see whether Right -of -way Acquisition Loan Fund <br />(RALF) funds need to be repaid. 2. Paul Danielson needs to confirm what <br />property transfers are needed for the project.' <br />3. City has no responsibility for acquisition of any other property interests for the <br />Project. <br />B. Mn /DOT ??? (Note: Does Mn /DOT need to be a party to this agreement'? Do we need <br />Mn /DOT to issue the threat of condemnation ?) <br />1. Mn /t OT =ir4t nc#s =to acquire =from= BNSF- the.eorrimAer raikeasements- o essary <br />forsimpler entatior -of =the t=?foje€t= through execution= of= the-Pu€ehase- and =Sale <br />Agreen ent- with --B kSP.as set fold n = Exhibit A -to- this=Master Cooperation <br />Agreement= <br />2— MnIDO -T- has- atready- ac-gaira - and - -roe e - . _ • _ e eerty interests <br />necessary for-the-operation-9f commuter rail corvicc in the Northctar Corridor. <br />C. Met Council <br />1. Mta1DOTMet Council intendsto acquire from BNSF the commuter reiLeasernents. <br />,necessary for implementat on_of the Protect through execution of the Purchase_end_Sale_. <br />Agreement with BNSF as set forth in Exhibit A to this Master Cooperation Agreement. <br />2. ACRRA, in consultation with the Met Council, will negotiate the acquisition of certain <br />property interests (such as platform leases and overpass /underpass agreements) <br />necessary for construction and operation of the Project. As necessary, the Met <br />Council will execute such agreements subject to the following: <br />1. Met Council acceptance of the terms and conditions of such agreements; <br />and <br />2. obtaining sufficient funding for any costs incurred or to be incurred by the <br />Met Council: <br />• in acquiring such property interests, and <br />• for the construction of the Project. <br />ARTICLE IV <br />FINANCING OF THE PROJECT <br />This article sets forth the projected sources and associated contributions necessary for <br />financing the Project. <br />A. Federal Grant Funding <br />1. The Parties anticipate that approximately -- ....- - %- -$3 million of the Project will <br />be funded through a grant from the FTA. <br />2. pet Council will act as the Grantee of all federal funds for the Project. As <br />Grantee, Met Council will conduct negotiations with FTA and will submit all <br />components of any grant applications to the FTA. <br />Formatted: List Paragraph, Indent: Left: <br />0.25 ", Numbered + Level: 1 + Numbering <br />Style: 1, 2, 3, ... + Start at: 1 + Alignment: Left <br />+ Aligned at: 0.5" + Tab after: 0.5" + Indent <br />at: 0.5 ", Tab stops: 0.25 ", List tab + Not at <br />0.5" <br />(Formatted: Not Highlight <br />