Minutes 11/22/2011 - Laserfiche WebLink

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November 22. 2011 Discussion: . The use of Revenue Sharing funds made available by the VDOT can provide funds for a portion of the replacement cost. . Revenue Sharing funds are available now on a one to one match and can be requested to fund half of the cost of design estimated at $2,500,000. . Additional Revenue Sharing funds can be requested when we are ready to begin the construction phase. Financial Impact: . With this council action the City of Portsmouth would commit to providing $1,250,000 in city funds to receive $1,240,000 from VDOT towards the bridge replacement design. $10,000 of the Revenue Sharing funds would be retained by VDOT for administrative expenses. Recommended Action: . Adoption of a resolution (1) committing $1,250,000 in appropriated funds as matching funds for a $1,250,000 grant in Revenue Sharing funds from the Virginia Department of Transportation (VDOT) towards the design of the northbound lane replacement of Churchland Bridge (2) approving a Project Programming Resolution requesting VDOT to establish an urban system highway project for replacement of the northbound side of the Churchland Bridge. Vision Principles: Bold New Directions, Thriving Neighborhoods and Sense of Community. Next Steps Following Council Action: . Submit resolution to VDOT. 1. Mark Geduldig-Yatrofsky, 2713 Sterling Point Drive, voiced is support for this item. Motion by Mr. Moody, and seconded by Mr. Whitehurst, to adopt the following resolution, and was adopted by the following vote: "RESOLUTION (1) COMMITTING $1,250,000 IN FUNDS APPROPRIATED IN THE FY 2011-12 CAPITAL IMPROVEMENTS FUND AS MATCHING FUNDS FOR A $1,250,000 GRANT IN REVENUE SHARING FUNDS FROM THE VIRGINIA DEPARTMENT OF TRANSPORTATION (VDOT) TOWARDS THE DESIGN OF THE NORTHBOUND LANE REPLACEMENT OF CHURCHLAND BRIDGE AND (2) REQUESTING VDOT TO ESTABLISH AN URBAN SYSTEM HIGHWAY PROJECT FOR REPLACEMENT OF THE NORTHBOUND SIDE OF THE CHURCHLAND BRIDGE. WHEREAS, revenue sharing funds are available through the Virginia Department of Transportation (VDOT) on a one-to-one match for estimated design costs of $2,500,000 related to the replacement of the northbound lanes of the Churchland Bridge; and WHEREAS, VDOT procedures require that the City commit to providing $1,250,000 as the City's match for the estimated design costs; and WHEREAS, the City has previously appropriated sufficient funds in the FY 2011- 12 Capital Improvements Fund to cover such costs; and WHEREAS, VDOT procedures also require that the City adopt a resolution requesting that VDOT establish the Churchland Bridge project as an urban highway project. NOW THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, Virginia that it commits the sum of $1,250,000 in the FY 2011-2012 Capital Improvements Fund as the City's qualifying match for revenue sharing funds for the design costs of new northbound lanes of the Churchland Bridge.