Title
Resolution Supporting an Extension of a Programmatic Project Administration Agreement for VDOT Revenue Sharing Projects
Purpose
PURPOSE/BACKGROUND:
The Virginia Department of Transportation, through its Revenue Sharing Program, has offered the City revenue sharing funds for use on roadway improvement projects on a 50/50 share basis. The City and VDOT entered into a Programmatic Project Administration Agreement for Revenue Sharing Projects on August 13, 2013. This agreement has an initial term of three fiscal years (each year beginning July 1st - June 30th), and will expire on June 30, 2016, and may be extended for one additional term of three fiscal years.
Discussion:
The attached resolution will provide for the extension of the agreement. It affirms the City’s commitment to fund its local share of preliminary engineering, right-of-way and construction (as applicable) of the project(s) under agreement with the Virginia Department of Transportation and authorizes the City Manager to execute the agreement.
Impact:
Not Applicable
Recommendation:
Rec
Approve Resolution
Body
WHEREAS, the Virginia Department of Transportation, through its Revenue Sharing Program, has offered the City revenue sharing funds for use on roadway improvement projects on a 50/50 share basis; and
WHEREAS, the City and VDOT, entered into a Programmatic Project Administration Agreement for Revenue Sharing Projects on August 13, 2013; and
WHEREAS, said agreement has an initial term of three fiscal years (each year beginning July 1st - June 30th), and will expire on June 30, 2016, and may be extended for one additional term of three fiscal years; and
WHEREAS, VDOT has proffered an extension agreement which will extend the expiration date to June 30, 2019; and
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF HAMPTON, VIRINGIA: that the City Council hereby commits to fund its local share of preliminary engineering, right-of-way and construction (as applicable) of the project(s) under agreement with the Virginia Department of Transportation in accordance with the project financial document(s).
BE IT FURTHER RESOLVED, that the City Council authorizes the City Manager or her authorized designee to execute the attached Programmatic Project Administration Agreement Extension Addendum and all agreements and/or addendums for any approved projects with the Virginia Department of Transportation.