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HomeMy WebLinkAbout05/02/2018 6DAGENDA BILL CITY OF BREMERTON D CITY COUNCIL SUBJECT: Resolution No. 3306 Acknowledging Commitment to Match Surface Transportation Program Grant Funds for the 6t' Street Preservation Project Study Session Date: COUNCIL MEETING Date: Department: Presenter: Phone: N/A May 2, 2018 Public Works & Utilities Tom Knuckey (360) 473-2376 SUMMARY: Staff recommend the City pursue funding from the Surface Transportation Program for preservation of a Street between Warren and Pacific Avenues current Countywide grant competition. The improvements would include design and construction of an overlay, new curb ramps and a new traffic signal at the intersection of 6t' Street and Park Avenue. The STP program funds projects at a maximum of 86.5% with a minimum match of $13.5%. The estimated cost of this project is $1,025,000, and staff intend to request $886,625 in grant funds, requiring the City commit to providing matching funds of $138,375. In addition, the STP Program rules state that expending STP grant funds for any phase of a project, including design, commits the recipient to constructing all phases of the project within 10 -years of receipt of the grant funds. For this grant cycle, KRCC has required applicants to include acknowledgment of these requirements from the governing body of the City with the grant applications. ATTACHMENTS: Resolution No. 3306 FISCAL IMPACTS (Include Budgeted Amount): If awarded this grant in the Countywide competition, the City would be required to provide $138,375 in matching funds for the project. This match was included in the 2018-2022 REET projection. STUDY SESSION AGENDA: ❑ Limited Presentation ❑ Full Presentation M Walk-on STUDY SESSION ACTION: ❑ Consent Agenda ® General Business ❑ Public Hearing RECOMMENDED MOTION: Move to approve Resolution No. 3306 acknowledging the commitments associated with receipt of Surface Transportation Program Grant funds for the a Street Preservation Project. COUNCIL ACTION Form Updated 01/02/2018 [?(Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action