Agenda - Council - 08/06/2018 - Laserfiche WebLink

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Hennepin County Regional Railroad Authority Hennepin County Regional Railroad Authority (HCRRA) was established in 1980 to preserve rail corridors and conduct rail transit planning in the county. HCRRA provides funding via a property tax levy for up to 10% of the capital costs for designated light rail transit projects. Hennepin County Recently the County's role in financing the development and operation of transit services changed with the disbanding of the Counties Transit In,N,0,d.,,ent Board (CTI B). Sales and Use Transportation Tax Implementation Plan In 2017, the Hennepin County Board adopted the Sales and Use Transportation Tax Implementation Plan and enacted the Sales and Use Transportation Tax to provide a reliable source of locally generated funds to strategically target transitway and other transportation investments. The estimated annual revenue from the sales and use tax are anticipated to be sufficient to cover the capital and operating costs of the Sales and Use Transportation Tax Implementation Plan projects through 2036. By 2040, the METRO Green Line (Southwest) extension, the METRO Blue Line (Bottineau) extension are assumed to be operational expanding the LRT system to four lines. 40% Hennepin County sales tax Regional Railroad Authority property tax 50% Federal Typical funding of a new line Projects eligible to be funded include: • Capital costs of the Green Line Extension (Southwest LRT), Blue Line Extension (Bottineau LRT), Riverview Corridor and Orange Line (bus rapid transit) projects; • Operating costs of the Green Line (including any extensions), the Blue Line (including any extensions), Riverview Corridor, Orange Line, and Northstar projects; • Capital costs associated with other transportation or transit projects or improvements, as identified in Hennepin County's Capital Improvement Program (CIP), and operating costs, to the extent designated in the future by the County Board after a public hearing. 26