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HomeMy WebLinkAbout06/20/2018 6BSUBJECT: WA State Department of Commerce Funding Agreement for the Quincy Square on 4th Street Project AGENDA BILL CITY OF BREMERTON 6B CITY COUNCIL Study Session Date: COUNCIL MEETING Date: Department: Presenter: Phone: June 13, 2018 June 20, 2018 PW & Utilities Chal Martin (360) 473-5758 SUMMARY: Grant agreement for the use of state funds appropriated for the Quincy Square on 4th Street project. The funds will be managed and distributed by the State Department of Commerce. Quincy Square on 4t' Street is a capital project that will revitalize a one block segment of 4th Street from Washington Avenue to Pack Avenue with new sidewalks, roadway, lighting, and architectural elements that will create a modem walkable streetscape. Quincy Square on 4t" is envisioned as a regionally significant destination for events such as street fairs and musical acts. The state appropriation will fund a portion of the Architectural and Engineering Plans for the future construction of the improvements. A CDBG capital grant will fund the rest of the design phase of the project. ATTACHMENTS: 1) Agreement 2) Street Conceptual Plans & Vicinity Exhibits FISCAL IMPACTS (Include Budgeted Amount): The project is funded by a CDBG capital grant of $300,000 and a state appropriation of $250,000. STUDY SESSION AGENDA: ® Limited Presentation ❑ Full Presentation STUDY SESSION ACTION: ❑ Consent Agenda M General Business ❑ Public Hearing RECOMMENDED MOTION: Move to authorize the state appropriation for the Quincy Square on 4th Street and authorize the Mayor to finalize and execute the funding agreement with Commerce with substantially the same terms and conditions as presented; and further authorize a budget adjustment to $250,000 in expenditures and $250,000 in state revenue in the Transportation Capital Projects Fund. COUNCIL ACTION: [Approve ❑ Deny ❑ Table ❑ Continue ❑ No Action Form Updated 01/02/2018