Loading...
HomeMy WebLinkAbout04/20/2022 4GAGENDA BILL CITY OF BREMERTON CITY COUNCIL SUBJECT: Study Session Date: April 13, 2022 Resolution No. 3346 acknowledging Match to Surface Transportation Program (STP) Federal Grant Funds for the SR 303 Phase 2 Corridor Improvements Project COUNCIL MEETING Date: April 20, 2022 Department: Public Works & Utilities Presenter: Vicki Grover Phone: (360) 473-5285 SUMMARY: Staff recommend the City pursue funding from the Surface Transportation Program (STP) for the SR 303 Phase 2 Corridor Improvements Project from the current Countywide grant competition. The improvements would include design and construction of an adaptive signal system for 11 intersections from Burwell to Furneys Lane and two mid-block pedestrian crossings (at Dibb Street and between 6th and 11th Streets). 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 $3,000,000, and staff intend to request $ 2,600,000 in grant funds, requiring the City commit to providing matching funds of $400,000. 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. 3346 FISCAL IMPACTS (Include Budgeted Amount): If awarded this grant in the Countywide competition, the City would be required to provide $400,000 in matching funds for the project. The match has been identified as Real Estate Excise Tax (REET) and is included in the REET projection. STUDY SESSION AGENDA: ☒Limited Presentation ☐Full Presentation STUDY SESSION ACTION: ☒ Consent Agenda ☐General Business ☐Public Hearing RECOMMENDED MOTION: Move to approve Resolution No. 3346 acknowledging the commitments associated with receipt of Surface Transportation Program Grant funds for the SR 303 Phase 2 Corridor Improvements Project. COUNCIL ACTION: Approve Deny Table Continue No Action Form Updated 11/09/2021 4G X