Minutes 11/28/2006 - Laserfiche WebLink

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November 28. 2006 Discussion: . The City, along with support from developers, intends to upgrade the roadways of McLean Street and Cavalier Boulevard in the area of the new TCC campus and New Port residential development. Since transportation funding from the state is extremely limited, local funding will be required to complete this project. . The Revenue Sharing program will allow the City to leverage its local funding by receiving a match of up to $1,000,000 of state funds. The total project is expected to cost around $8,000,000. 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. Staff Recommends: Adoption of proposed resolution. Vision Principle: A Robust and Prospering Economy, Lifelong Learning Community, and Thriving Neighborhood and a Sense of Community. Next Steps following Council Action: . The City Engineer will complete the application for the Revenue Sharing program and submit to VDOT by December 22, 2006. . Notification of successful applicants will not be made until at least late Spring of 2007. Motion by Ms. Psi mas, and seconded by Ms. Randall, 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 TO CAVALIER BOULEVARD AND MCLEAN STREET IN THE PORTSMOUTH COMMERCE PARK. 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 street and infrastructure improvements to Cavalier Boulevard and McLean Street in the Portsmouth Commerce Park estimated to have a total cost of $8,000,000. 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 - New Business - 06 - 549 - Boards and Commissions Vice Mayor Randall offered the following nominations: HOUSING BOARD OF ADJUSTMENTS AND APPEALS Marilyn Y. Hill to be appointed to fill an unexpired term ending June 30,2008, replacing Raleigh Harsley.