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HomeMy WebLinkAboutResolution - 2008-26 - Supporting Dedicated Funding Sources to Transit - 02/12/2008 CITY OF EDEN PRAIRIE HENNEPIN COUNTY,MINNESOTA RESOLUTION NO.2008-26 A RESOLUTION SUPPORTING STABLE,DEDICATED FUNDING SOURCES FOR TRANSIT CAPITAL AND OPERATIONS INCLUDING THE SOUTHWEST TRANSITWAY WHEREAS,transportation infrastructure forms the backbone of the State's economy as well as its quality of life, and has a direct impact on economic development; and WHEREAS, a well designed and functional transportation system with multiple mode choices is essential to maintaining long-term mobility throughout the metropolitan region; and WHEREAS,the Metropolitan Council's long-range transportation plan recognizes future fixed transitway corridors throughout the metropolitan region and prioritizes them; and WHEREAS,the Metropolitan Council's long-range transportation plan identifies a future fixed transitway corridor in the Southwest Metro Area through the cities of Minneapolis, St. Louis Park, Hopkins, Minnetonka and Eden Prairie; and WHEREAS,the Southwest Metro Area has experienced unprecedented population and employment growth over the last 20 years resulting in increasing congestion; and WHEREAS,a Light Rail Transit(LRT) line serving the cities of Minneapolis, St. Louis Park, Hopkins, Minnetonka, and Eden Prairie will improve mobility and will help maintain a competitive business environment and high quality of life for the entire Southwest Metro Area; and WHEREAS, stable and dedicated sources of funding for transit capital and operations improves a project's competitiveness in the Federal Transit Administration's New Starts program; and WHEREAS,the Hennepin County Regional Railroad Authority intends to compete for Federal Transit Administration New Starts funding, which should account for at least fifty percent of the capital costs, for the Southwest LRT line; and WHEREAS,the Twin Cities region does not have a stable and dedicated funding source for transit capital and operations for transitway corridor priorities including the Southwest LRT line. NOW,THEREFORE,BE IT RESOLVED that the Eden Prairie City Council supports the establishment of stable and dedicated funding sources limited to the transit capital and operations of the Metropolitan Council's transitway corridor priorities including the Southwest LRT line. ADOPTED by the Eden Prairie City Council this 121h day of February, 08. �m I/) �� 1 Young, Ma r ATTES Kat een Porta, City Clerk