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97-061 e e eJ . CITY OF SHORE WOOD RESOLUTION NO. 97 - 61 A RESOLUTION AUTHORIZING THE CITY OF SHOREWOOD TO BE A SPONSOR FOR THE CITY OF EXCELSIOR'S APPLICATIONS FOR FEDERAL TRANSPORTATION FUNDING FOR THE EXCELSIOR STREET CAR LINE COMPLETION PROJECT & AN INTERMODAL TRANSPORTATION BUILDING WHEREAS, the City of Excelsior is applying for funding for a projects eligible for Enhancement funds of the 1991 Intermodal Surface Transportation Efficiency Act (ISTEA); and WHEREAS, said projects entitle "Excelsior Street Car Line Completion" and "Intermodal Transportation Building" would complete a streetcar loop in the central business district and would provide a building for the historic Minnehaha Streamboat / Streetcar; and WHEREAS, the Excelsior City Council adopted Resolutions 97-24 and 97-25 (attached to and made a part of this resolution), authorizing submission of applications for ISTEA grants for construction of a streetcar line and intermodal transportation building; and WHEREAS, said projects would each include a federal grant amount of $688,928, a local match of $172,000 plus $100,000 for engineering (the responsibility of the City of Excelsior), for a total project cost for each of $960,928; and WHEREAS, Federal Transportation Enhancement Fund application requirements state: only formal recipients of state aid are permitted to use the state aid account for up-front financing of federal aid highway projects. A city under 5,000 or private group must find an eligible sponsor (a state agency, county, or a city over 5,000) or provide up-front financing for a federal aid project; and WHEREAS, the City of Shorewood is a "StateAid Community, " over 5,000 in population; and WHEREAS, the Council of the City of Shorewood wishes to be a "sponsor" or "jurisdictional agency" for the City of Excelsior to undertake said project; and WHEREAS, said sponsorship in no way commits Shorewood state aid funds or local Shorewood funds to said project. NOW, THEREFORE, BE IT RESOLVED by the Shorewood City Council that the City of Shorewood is hereby a sponsor for the City of Excelsior for said Federal Transportation Enhancement Fund applications for ISTEA grants for the projects entitled "Excelsior Streetcar Line Completion" and "Intermodal Transportation Building." BE IT FURTHER RESOLVED, that the City of Excelsior is to provide an agreement acceptable to the City of Shorewood as the grant sponsor providing for full reimbursement of all funds passing through the Shorewood State Aid Account and accepting full responsibility for the project to the federal and state governments. ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 28th day of July. 1997. ~ a Tom Dahlberg,