DEPARTMENT: Parks
FILE TYPE: Consent Action
TITLE
title
Authorization To Execute Real Property Declarations For General Obligation Bond And State of Minnesota General Fund Financed Grant Reimbursement Of Veterans Memorial Greenway Regional Trail, County Project P00147 (1000636)
end
RESOLUTION
body
WHEREAS, the Veterans Memorial Greenway Project (P00147) will provide a link between Lebanon Hills Regional Park and the Mississippi River in central Dakota County and through the cities of Inver Grove Heights and Eagan; and
WHEREAS, the Veterans Memorial Greenway will include memorials along the trail, giving users the opportunity to learn about the sacrifices veterans have made over the years as they travel the trail; and
WHEREAS, the Dakota County Board of Commissioners adopted the Veterans Memorial Greenway Long-Range Plan by Resolution No. 17-493 (September 26, 2017); and
WHEREAS, by Resolution No. 21-618 (December 14, 2021) and by Resolution No. 23-432 (September 26, 2023), the Dakota County Board of Commissioners accepted State Bond and General Obligation funding for P00147 and amended the Capital Improvement Program budget by $5,000,000 each year for a total of $10,000,000; and
WHEREAS, this grant imposes certain restrictions on the real property improved with grant funds, such that the improved property may not be sold or significantly altered for 37.5 years; and
WHEREAS, Dakota County may agree to these restrictions on real property by executing the General Obligation Bond Financed Declaration; and
WHEREAS, staff recommends the Dakota County Board of Commissioners authorize the Chair of the Dakota County Board of Commissioners to execute the General Obligation Bond Financed and General Fund Financed Declaration to reimburse Dakota County for the Veterans Memorial Greenway projects.
NOW, THEREFORE, BE IT RESOLVED, That the Dakota County Board of Commissioners hereby authorizes the Chair of the Dakota County Board of Commissioners to execute the General Obligation Bond Financed and State of Minnesota General Fund Financed Declaration, subject to approval by the Dakota County Attorney’s Office as to form.
end
BACKGROUND
To enrich lives by providing high-quality recreation and education opportunities in harmony with natural resource preservation and stewardship, Dakota County Parks is proceeding with the Veterans Memorial Greenway.
The Veterans Memorial Greenway is a five-mile corridor that stretches east and west within Eagan and Inver Grove Heights, which follows the adopted Rich Valley Greenway master plan corridor. The Veterans Memorial Greenway will provide neighborhood access points connecting single-family residential neighborhoods, local park connections, and rural and undeveloped open space (Attachment: Project Location). The memorials along the trail will be planned and constructed in partnership with veterans’ groups.
Dakota County received State of Minnesota-appropriated funding in State Fiscal Year 2020 and State Fiscal Year 2024 in the amount of $5,000,000, each fiscal year for a total of $10,000,000. The funding is administered by the Metropolitan Council via State Grant (SG) numbers SG24P6-04-03 and SG21503. The grant agreements include a General Obligation Bond Financed Declaration and General Fund Financed Declaration that impose certain restrictions on the improved real property, such that the land cannot be sold or significantly altered for 37.5 years.
RECOMMENDATION
recommendation
Staff recommends execution of the State of Minnesota General Obligation Bond Financed and General Fund Financed Declarations.
end
FINANCIAL AND STAFFING IMPACTS
The $10,000,000 in State Bonding and General Fund appropriated funding provides a key external source of funding that can be utilized for right-of-way acquisition, veteran-themed memorials, design, and construction phases. This action does not have any impact on County staffing or FTEs.
Project Budget - 1000636 P00147 Veterans Memorial Greenway
|
Source |
Budget Amount |
Available Budget |
|
MN Department of Admin Grant |
$20,000 |
$0 |
|
Parks Fund Balance |
$681,583 |
$0 |
|
Environmental Legacy Fund Balance |
$7,550,000 |
$3,539,721 |
|
Federal Aid Program |
$4,995,000 |
$4,995,000 |
|
Regional Rail Authority Funding |
$1,000,000 |
$1,000,000 |
|
Congressional Directed Funding |
$1,000,000 |
$1,000,000 |
|
Met Council State Bonding |
$10,000,000 |
$5,680,613 |
|
Transportation Advance Acct |
$412,744 |
$0 |
|
Transportation Fund Balance |
$46,506 |
$0 |
|
Transportation Sales/Use Tax |
$40,000 |
$0 |
|
Grand Total |
$25,745,833 |
$16,215,334 |
PREVIOUS BOARD ACTION
17-493; 09/26/17
21-618; 12/14/21
23-432; 09/26/23
ATTACHMENTS
Attachment: Project Location
Attachment: General Obligation Bond Financed Property Declaration
Attachment: General Fund Financed Property Declaration
Attachment: MN Management And Budget Declaration Waiver Response Letter
CONTACTS
Department Director: Niki Geisler
Author: Tony Wotzka