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File #: RES 23-0015    Version: 1
Type: Resolution Status: Agenda Ready
File created: 3/25/2023 In control: City Council
On agenda: 4/4/2023 Final action:
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
Attachments: 1. Resolution 23-15 Auhtorizing TAP Grant Match

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.