HomeMy WebLinkAbout~Master - STP Funding Agreement for South Grand Avenue Extension RESOLUTION NO. 18-107
RESOLUTION APPROVING STP FUNDING AGREEMENT FOR
SOUTH GRAND AVENUE EXTENSION
FOR THE CITY OF AMES
WHEREAS, This agreement is for federal funding in the amount of$3,500,000 through the
Surface Transportation Block Grant Program (STP) as part of the Grand Avenue Extension project
(South Grand Avenue from 0.1 miles north of South 16t1i Street north 0.54 miles to South 5th Street);
and,
WHEREAS, this funding is through the Ames Area Metropolitan Planning Organization
(AAMPO); and,
WHEREAS, this project will have a bid letting through the Iowa Department of
Transportation (IDOT) and a local contribution minimum of 20 percent of eligible project costs,
which is being met and exceeded through the City's G.O. Bond and MPO funding; and,
WHEREAS, the Grand Avenue Extension continues to be included in the Capital
Improvements Plan (CIP) with finding identified since 2013/14 and continuing through 2018/19;
finding 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 Funds; and,
WHEREAS, construction is anticipated to commence in 2018; and,
WHEREAS, approval of this agreement with the IDOT must happen before moving forward
with construction of this project in the 2018 construction season; delay or rejection of this agreement
could delay this street construction project and could require additional finding.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Iowa Department of Transportation Surface Transportation Block Grant Program (STP)
Funding Agreement in the amount of$3,500,000 for the South Grand Avenue Extension Project is
hereby approved.
ADOPTED THIS 6t' day of March, 2018.
WdYL47'i P.A
Adifull d-'
Diane R. Voss, City Clerk John . Haila, Mayor
Introduced by: Beatty-Hansen
Seconded by: Gartin
Voting aye: Beatty-Hansen, Betcher, Gartin, Martin,Nelson
Voting nay: None Absent: Corrieri
Resolution declared adopted and signed by the Mayor this 6t' day of March, 2018.