Minutes 10/28/2014 - Laserfiche WebLink

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October 28, 2014 Motion by Mr. Moody, and seconded by Mr. Meeks, to adopt the following resolution, and was adopted by the following vote: "RESOLUTION SUPPORTING PARTICIPATION IN THE VIRGINIA DEPARTMENT OF TRANSPORTATION FISCAL YEAR 2016 REVENUE SHARING PROGRAM TO BEGIN THE DESIGN PROCESS FOR THE REPLACEMENT OF THE PARADISE CREEK BRIDGE. WHEREAS, the planned replacement of Paradise Creek Bridge is estimated to cost $8.6 million; and WHEREAS, the City of Portsmouth desires to submit a revenue sharing application for an allocation of $250,000 through the Virginia Department of Transportation Fiscal Year 2016 Revenue Sharing Program; and WHEREAS, these funds are requested to begin the design process for replacement of the bridge. NOW THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, Virginia that it hereby supports the application for an allocation of $250,000 through the Virginia Department of Transportation Revenue Sharing Program. BE IT FURTHER RESOLVED that the City Manager or his designee is authorized to execute project administration agreements for any approved revenue sharing projects." Ayes: Cherry, Edmonds, Meeks, Moody, Psimas, Randall, Wright Nays: None 14 - 416 -Adoption of a resolution supporting participation in the Virginia Department of Transportation FY 2016 Revenue Sharing Program for the replacement of the Churchland Bridge (Northbound Lanes). Vision Principle: Neighborhoods and a Sense of Community and a Robust Economy for Working Men and Women. Background: • The Replacement of the Churchland Bridge project is currently under design. • The VDOT Revenue Sharing Program provides an opportunity for localities to provide local funds to match state funds for priority projects. Discussion: • VDOT issues a call to localities to submit Revenue Sharing applications for qualifying projects in advance of their upcoming budget. • City staff identifies projects and submits the required applications and other supporting materials to VDOT for consideration. • This project has previously received Revenue Sharing funds for design, right of way clearance and construction. • The City is seeking to secure additional funding for the construction of this project. • A resolution from City Council outlining the request to participate and its support of the project identified for funding from the Revenue Sharing program is required to complete the application process. Financial Impact: • The construction estimate for this project is approximately $35.5 million. The City of Portsmouth is requesting $5 million at this time. • The City must provide a $5 million match. This requires a $5 million commitment in the City CIP. • City staff is continuing to work with the Virginia Department of Transportation to identify federal funds for this project.