HomeMy WebLinkAbout~Master - Funding Agreement for South Grand Avenue Extension RESOLUTION NO. 17-639
RESOLUTION APPROVING FUNDING AGREEMENT
FOR SOUTH GRAND AVENUE EXTENSION PROJECT
FOR THE CITY OF AMES
WHEREAS, this agreement is for federal funding through the Surface Transportation Block
Grant Program(STBG, formerly known as STP) as part of the Grand Avenue Extension Project; and,
WHEREAS, the funding would include South Grand Avenue (from South 5th Street to Squaw
Creek Drive) and South 5th Street (from South Grand Avenue to 600 feet west of South Duff
Avenue); and,
WHEREAS, as part of the Agreement, the portion of project costs reimbursed by STBG
funds shall be limited to a maximum of either 80% of eligible costs or the amount stipulated in the
Ames Area Metropolitan Planning Organization (AAMPO) current Transportation Improvement
Program(TIP) and approved in the current State-wide Transportation Improvement Program(STIP),
whichever is less; and,
WHEREAS, the City shall pay all project costs not reimbursed with STBG funds; and,
WHEREAS, the Grand Avenue Extension continues to be included in the Capital
Improvements Plan (CIP) with funding identified since 2013/14 and continuing through 2018/19;
and,
WHEREAS, funding shown in the CIP for 2017/18 and 2018/19 includes $7,700,000 in G.O.
Bonds, $4,300,000 in MPO/STP Funds, and$3,450,000 in Federal/State grant fiords; and,
WHEREAS, construction is anticipated to commence in 2018.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Funding Agreement with the Iowa Department of Transportation for $4,300,000 in funding
for the South Grand Avenue Extension Project is hereby approved.
ADOPTED THIS 24"' day of October, 2017.
Diane . Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Betcher
Seconded by: Corrieri
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 24' day of October, 2017.