Title
Discussion and action on Surface Transportation Program funds
Body
SUMMARY:
The Department of Transportation allocates funds (Surface Transportation Program) to cities for use on transportation projects that meet certain requirements. Crossville has $584,192 accumulated through 2013 that was committed to the Northwest Connector, but must be more specifically allocated to either Section 2 or Section 3 or split between the two sections. It cannot be used for engineering plans because those contracts have already been approved. Since no contracts have been signed or work started, it is recommended that these funds be used for acquisition. The City will be required to provide a 20% match ($116,838.40). Staff recommends that Council allocate the money for Section 3 acquisition as those costs are expected to exceed this total of $701,030.40.
The STP funds for 2014 are $131,607. With the 20% match ($26,321.40), this money will total $157,928.40. City Council indicated at the work session some interest in using this money on Section 3, as well.
BUDGET ACCOUNT:
Recommended Action
NECESSARY COUNCIL ACTION: Determine allocation of the STP funds of $715,799.