Agenda Item Summary | |||
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Meeting Date: March 12, 2014 |
CIP Committee: 2/21/14 | ||
Staff Contact: Jeff Biegler |
L&F Committee: 3/12/14 Click here to enter date. | ||
Petitioner: Parks and Recreation |
City Council Hearing: 3/17/14 Click here to enter date. | ||
Location: Click here to enter text. |
City Council 2nd Reading: Click here to enter date. | ||
Agenda Title: | |||
Approve up to $100,000 in CIP grant funds and $99,818 in In-Kind design and construction services as grant match funding for the SDDOT Transportation Alternatives Program Project, Mako Sica Trail & Connection to Western Dakota Tech | |||
Summary: | |||
The SDDOT has selected this project to receive partial funding through the Transportation Alternatives Program. The estimated project costs for design and construction are approximately $600,000. The City is required to provide at least an 18.05% match and a commitment to completing the entire project as presented. TAP Project completion deadline is April 2017. The original request for funding was: Federal Share: $400,000 Local Match: $197,015 § Proposed in-kind work: $99,818 – design & construction engineering § Proposed CIP Funding: $97,197 – construction Total Estimated Project Cost: $597,015
The revised project costs are: Federal Share: $206,836 35% of Project City funds & In-kind Total: $390,178 65% of Project
TOTAL CIP request: $290,260 Additional CIP needed for
Construction:
$193,063
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Funding Source & Fiscal Impact (if applicable): | |||
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Recommendation: | |||
Action: CIP Recommendation: Approve up to $100,000 in CIP grant funds and $99,818 in In-Kind design and construction services as grant match funding for the SDDOT Transportation Alternatives Program Project, Mako Sica Trail & Connection to Western Dakota Tech
Notes: Click here to enter text. | |||
Options: | |||
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Attachments & Links: | |||
CIP Minutes Click here to enter text. |
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