ITEM TITLE:
#23-15 Authorizing Matching Funds in the Amount of $235,000 in Partnership with the Alaska Department of Transportation for the Transportation Alternatives Program Grant Application
SUBMITTED BY: Mark Detter, City Manager
FISCAL NOTES:
Expenditure Required: $235,000
Unencumbered Balance: N/A
Funding Source: Capital Projects Appropriation
RECOMMENDATION:
Approve $235,000 grant match in partnership with the Alaska Department of Transportation TAP grant program.
SUMMARY STATEMENT:
As discussed in the annual projects prioritization work sessions the City of Valdez will apply for grant funding with the Alaska Department of Transportation through the Transportation Alternatives Program (TAP).
The TAP grant program requires a minimum 9.03% local match of the project costs. However, projects are awarded additional points in the scoring criteria if a local government contributes more than the required match.
The city will apply for TAP funding for two projects: the Allison Point access trail reconstruction and the pull-out along the Richardson Highway/Egan Drive at the Valdez Arch. Below is a breakdown of total project cost, required match and proposed match amounts for both projects.
Allison Point Trail:
• Total Cost- $1,495,000
• Required Match-$135,00
• Proposed Match- $135,000
Valdez Arch Pull Out:
• Total Cost- $236,000
• Required Match- $21,948
• Proposed Match- $100,000
The City’s contribution to grant match will help to secure nearly $1.124 million in AKDOT funding for these improvements.
There is no current appropriation dedicated to this grant application. An appropriation will be required if the TAP grant is awarded.