City Council Meeting Date: October 5, 2021
To: Mayor and City Council
From: David Bennett, Public Works Director/City Engineer
Title
Consider Resolution Authorizing Entering into Grant Agreement with the State of Minnesota for the Northfield Transit Hub.
Body
Action Requested:
Staff recommends a motion to approve Resolution authorizing the City Administrator to enter into grant agreement with the State of MN related to General Obligation Bond Proceeds for the Northfield Transit Hub.
Summary Report:
In June of 2019, City Council approved a resolution requesting State of Minnesota bond funds for the Northfield Regional Transit Hub. In the 2020 State of Minnesota legislative session, the City was successful in receiving bond funds.
The bonds funds amount to $1,750,000 for the Regional Transit Hub. This bond includes funding for the transit hub, pavilion, railroad quiet zone improvements, and trail connections.
Once the grant agreements are approved, then the City can proceed. The first agreement with the state will be for the design and the second agreement will be for construction. The action today allows for the City Administrator to enter into the grant agreements.
Alternative Options:
NA
Financial Impacts:
The following is a current estimated total project cost as prepared:
Table 1. Summary total project cost for construction 2021.
Expense
Description Cost (2021)
Transit Hub Building 724,000
Pavilion 485,000
2nd Street Railroad Quiet Zone 265,000
Overhead 285,000
Total Project Cost 1,750,000
Revenue
City of Northfield Proposed Only necessary if 2022 bids exceed bond appropriation
TIF4, Reserves, Debt
State of Minnesota Bond Appropriation $1,750,000 (100%)
Total Project Revenue $1,750,000
Dependent upon what happens with the bids, it is anticipated the bonds funds will cover the project cost.
Tentative Timelines:
Design Grant Agreement October 2021
Request of Proposal for Architect/Engineer Nov. - Dec 2021
Project Design Jan 2022-Jun- 2022
Construct Fall 2022
Open Transit Hub Spring/Summer 2023