ITEM TITLE:
#24-01 - Authorizing the Submission of a RAISE Grant Application to US Department of Transportation to Assist with Pavement Management Plan Implementation
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: Up to $2MM
Unencumbered Balance: TBD
Funding Source: Funding for Prioritized Capital and Major Maintenance Projects
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
Pavement Management phases IV, V, and VI are nearing or at complete design. Staff proposes to apply for a US Department of Transportation (DOT) Rebuilding American Infrastructure with Sustainability and Equity (RAISE) Grant Program to pay for a part of phases IV, V, and VI.
Application development will dictate how much of which phase is eligible for funding through this program, it is unlikely that all of phases IV, V, and VI will be eligible for the RAISE program.
Staff estimates between $6-8 Million in project costs are eligible, and expects a 20% match to be required totaling $1.2 Million to $1.6 Million.
In order to ensure that additional scope can be included if it does not affect eligibility this resolution states $10 Million and $2 Million for total project costs and match, respectively.
Funding for the match portion will come from Capital and Major Maintenance Projects funding during the projects prioritization session with City Council in March, and funding will be only be required if grant is awarded.
Application for USDOT RAISE Grant Program will be developed in conjunction with a grant contractor, see attached fact sheet for details.