ITEM TITLE:
#23-14 - Authorizing Matching Grant Funds in the Amount of $200,000 in Partnership with Alaska Department Of Transportation for Community Transportation Program “CTP” Grant
SUBMITTED BY: Mark Detter, City Manager
FISCAL NOTES:
Expenditure Required: $200,000
Unencumbered Balance: N/A
Funding Source: Capital Projects Authorization
RECOMMENDATION:
Approve authorization for CTP grant match.
SUMMARY STATEMENT:
As discussed in the annual projects prioritization work sessions the City has applied for grant funding with the Department of Transportation for the Community Transportation Program “CTP”. The grant program requires a 9.03% match of the project costs. AKDOT has been authorized to fund the match for projects owned by DOT within the State right of way. Projects with additional local match will receive more points in the competitive grant program. Administration recommends the City of Valdez contribute $200,000 toward additional grant match for resurfacing and culvert improvements for Loop Road and resurfacing and lighting upgrades for Hazelet Avenue.
The City’s contribution to grant match will help the Alaska Department of Transportation grant to assist in nearly $14.956 million in improvements on Loop road and Hazelet Avenue.
There is no current appropriation dedicated to this grant application. Source of funding will be required only if awarded the grant.