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2. In addition, the City owns and will convey by quitclaim deed or easement to Met Council <br />property rights necessary for construction and operation of the Ramsey commuter rail <br />platform. Such conveyance shall be at no cost to the transferee. [Note: 1. Brian Olson <br />will check to see whether Right-of-way Acquisition Loan Fund (RACE) funds need to be <br />repaid. <br />3. City has no responsibility for acquisition of any other property interests for the Project. <br />B. Met Council <br />1. Met Council intends to acquire from BNSF the commuter rail easements necessary for <br />implementation of the Project. <br />AMMENESk <br />2. Met Council, will consult with ACRRA in the negotiations with BNSF to acquire certain <br />property interests necessary for construction and operation of lfile Project. As <br />necessary, the Met Council will execute such agreements subject to the following: <br />1. Met Council acceptance of the terms and conditions of such agreements; and <br />2. obtaining sufficient funding for any costs incurred or to be incurred by the Met <br />Council: :, 1' <br />,wm, Air <br />• in acquiring such property interests, a y' ANEW <br />llinnir <br />• for the construction of the Project. � NO <br />N <br />C . ACRRA m s lnini <br />ACRRA will negotiate with BNSF to acquire certain property interests and rights including <br />but not limited to: Atim, ...11 <br />ANNIMEMININOL, Inn Amor <br />Ise Insor <br />1. commuter rail easement; 'nog ENE SINE AMONNV NM `ilk <br />low Air ling <br />2. platform leasefagreement; and v <br />NM, ' BEN MENt. IMF <br />3. overpass lease agreem L ����� <br />ANIVIVIVEIVIVIIM, NOW <br />necessary for construction and operation of the Project. <br />UMW laNgk, <br />11111111 ARTICLE IV <br />NEM& FINANCING OF THE PROJECT <br />NEEThis article sets forth the projected sources and associated contributions necessary for <br />financing the Project. The Total Project is estimated and budgeted to cost $ 14.35 million for <br />completion, including the Station Project ($13.2 million cost) and the Skyway Connection <br />Project ($1.15 million cost). Eligible Project Costs are: <br />• right-of-way acquisition and expenses to include negotiations and design services; <br />• design of the Skyway Connection <br />• payment to design support, construction and project management contractors; <br />• staffing costs directly incurred for this Project; and <br />• other eligible Project expenses <br />4 <br />