Minutes 11/28/2006 - Laserfiche WebLink

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November 28. 2006 Financial Impact: . The financial impact to the city as a result of this proposal will be that $1,000,000 will be required as matching funds from the city's Capital Improvements Program in FY 2007. Recommended Action: Adoption of the proposed resolution. Vision Principle: A Robust and Prospering Economy, Lifelong Learning Community, and Thriving Neighborhoods and a Sense of Community. Next Steps Following Council Action: . Preparation of the required application, plans, and total scope to VDOT to obtain approval of the proposed project as a locally administered project in the VDOT's Six Year Plan. Motion by Mr. Heretick, and seconded by Mr. D. Smith, to adopt the following resolution, and was adopted by the following vote: "RESOLUTION REQUESTING ALLOCATION OF FUNDS FROM THE VIRGINIA DEPARTMENT OF TRANSPORTATION FISCAL YEAR 2006-2007 REVENUE SHARING PROGRAM FOR STREET AND INFRASTRUCTURE IMPROVEMENTS AT THE PROPOSED TIDEWATER COMMUNITY COLLEGE CAMPUS IN PORTSMOUTH. WHEREAS, the Council of the City of Portsmouth desires to submit an application for an allocation of funds of up to $1,000,000 through the Virginia Department of Transportation Fiscal Year 2006-2007 Revenue Sharing Program; and WHEREAS, these funds are requested to fund improvements for street and infrastructure improvements at the proposed Tidewater Community College Campus in the Victory Commerce Park area of Portsmouth, improvements estimated to have a total cost of $12,000,000. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Portsmouth hereby expresses its support for this application for an allocation of $1,000,000 through the Virginia Department of Transportation Revenue Sharing Program." Ayes: Heretick, Moody, Psi mas, Randall, D. Smith, R. Smith, Holley Nays: None 06 - 548 - Adoption of a resolution requesting allocation of funds from the Virginia Department of Transportation Fiscal Year 2006-2007 Revenue Sharing Program for street and infrastructure improvements to Cavalier Boulevard and McLean Street in the Portsmouth Commerce Park. Vision Principles: A Robust and Prospering Economy, Lifelong Learning Community, and Thriving Neighborhoods and a Sense of Community. Background: . The Commonwealth Transportation Board's (CTB) revenue sharing program has been continued for this year but at a reduced level of funding of $15 million statewide. . The program was expanded last year by the CTB to include the urban municipalities and the maximum amount of funds available per locality was increased to $1,000,000 on a one to one matching basis. . Proposed requests for these funds must be submitted to the District VDOT office by December 22, 2006.