HomeMy WebLinkAbout24-028 Supporting Dakota County Application for Funding Rebuilding American InfrastuctureCITY OF LAKEVILLE DAKOTA COUNTY, MINNESOTA RESOLUTION NO. 24-028 Resolution Supporting Dakota County's Application for Funding Through the Rebuilding American Infrastructure with Sustainability and Equity Grant Program for the Interstate 35 Transportation Safety and Community Access Improvements at Dakota County State Aid Highway SO WHEREAS, the United States Department of Transportation is providing funding through the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) Grant Program; and WHEREAS, the funding is intended to provide additional investment in regionally significant transportation infrastructure projects that improve safety, enhance economic growth and development of interstate commerce, and remove barriers to community access; and WHEREAS, $1.5 billion will be awarded for Fiscal Year 2024 funding; and WHEREAS, Dakota County, with support from the City of Lakeville, is submitting an application for funding for the Interstate 35 Transportation Safety and Community Access Improvements at Dakota County State Aid Highway 50; and WHEREAS, Dakota County is requesting $25,000,000 in RAISE funding; and WHEREAS, Dakota County secured $5,040,000 in federal funding in the Fiscal Year 2023 federal budget to complete planning, design, and environmental analyses to ensure the project is shovel-ready and support efforts to explore funding options and leverage bonding/grant opportunities at the federal, state, and regional levels; and WHEREAS, to demonstrate local support and community consensus for the project, the City of Lakeville is submitting this Resolution of Support; and WHEREAS, the project will advance public safety initiatives, bolster the success of the local, regional, state, and national economy, and strengthen citizens' quality of life; and