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2021-09CITY OF CHANHASSEN CARVER COUNTY, MINNESOTA DATE: February 22, 2021 RESOLUTION NO: 2021-09 MOTION BY: Campion SECONDED BY: McDonald RESOLUTION OF SUPPORT FOR A MnDOT 2021 LRIP GRANT APPLICATION FOR THE MARKET BOULEVARD RECONSTRUCTION PROJECT WHEREAS, Chanhassen staff have been planning for the reconstruction of Market Boulevard from TH 5 to West 781h Street, and a preferred design was established as a part of a corridor study that was completed in 2016; and WHEREAS, the proposed improvements include the reconstruction of Market Boulevard to a four - lane section to address existing operational and safety issues and provide for the access needs of the adjacent redevelopment area; and WHEREAS, $75 million in MnDOT Local Road Improvement Program (LRIP) funding is currently available, with a cap of $1.25 million for each project, to help fund local improvements to roadways with regional significance, and Market Boulevard qualifies as a regionally significant roadway; and - WHEREAS, the estimated construction cost for the proposed improvements to Market Boulevard is approximately $3.1 million, and the LRIP funds can be used on a majority of the elements included as a part of the roadway reconstruction work; however, additional funding will be needed beyond the potential $1.25 million in LRIP funds; and WHEREAS, the City of Chanhassen will be responsible for the remaining costs if the project is successful in obtaining LRIP funds. NOW THEREFORE, BE IT RESOLVED THAT THE CHANHASSEN CITY COUNCIL: 1. Supports the reconstruction of Market Boulevard; and 2. Supports the submittal of a MnDOT 2021 LRIP Grant Application for the project; and 3. Provides assurance that the City will pay for their share of the project improvement costs beyond the LRIP grant award. Passed and adopted by the Chanhassen City Council this 22°a day of February 2021. Zed C—Z 9�A ohnsto41nrim City Manager Elise Ryan, Mayor 61' YES NO ABSENT Ryan Campion McDonald Rehm Schubert