Title
Resolution To Appropriate $1,053,860 in Transportation Alternatives Set Aside Funding to Three (3) Capital Projects and Transfer Bond Funds of $92,820 From Settlers Landing Bridge Bond Project to Mellen Street Bike & Pedestrian Improvements Project; Transfer Bond Funds of $124,740 From the Mercury Boulevard Conversion Bond Project to the Mercury Boulevard Road Diet & Improvements Segment I Project; and Transfer Bond Funds of $62,580 From the Saunders Road Bond Project to the Mercury Boulevard Road Diet & Improvements Segment II Project
Purpose
PURPOSE/BACKGROUND:
The projects are providing pedestrian and bicycle facilities, community improvement and mitigating the negative impacts to the highway system. The request for additional funds for the Three (3) new projects have a reimbursable 79% federal share in the amount of $1,053,860.00 with a 21% non-reimbursable local match of $280,140, with total project value being $1,334,000.
City staff has identified $92,820.00 from the Settlers Landing Bridge Bond Project that may be utilized and is available for the Mellen Street Bike & Pedestrian Improvements. The Mercury Boulevard Conversion Bond Project has $124,740 of available funds for the Mercury Boulevard Road Diet & Improvements Segment I Project. Saunders Road Bond Project has $62,580 of available funds for the Mercury Boulevard Road Diet & Improvements Segment II Project. Hampton City Charter Sec. 6.12 and Hampton City Code Sec. 2-137 require that the City Council approve the transfer of unencumbered appropriations from one department to another department, as well as any transfer of bond proceeds. Pursuant to those provisions, staff requests Council approve the transfer of these local match funds.
Discussion:
See Purpose/Background Above.
Impact:
Net Impact $1,053,860 for Three (3) new Transportation Alternatives Set Aside Projects.
Recommendation:
Rec
Approve the Resolution.
Body
WHEREAS, in accordance with Virginia Department of Transportation ("VDOT") project allocation procedures, City Council must request, by resolution, that VDOT appropriate highway projects in the City of Hampton;
WHEREAS, City Council has previously requested and VDOT has agreed to appropriate the sum of $1,334,000 in total funding for the Three (3) Transportation Alternatives Set Aside Funding Program;
WHEREAS, City staff has identified $280,140 from the Settlers Landing Bridge Bond Project, Mercury Boulevard Conversion Bond Project and the Saunders Road Bond Project that have been completed and those surplus funds can be utilized as the required local contribution if transferred to the Projects;
WHEREAS, Hampton City Charter Sec. 6.12 and Hampton City Code Sec. 2-137 requires that City Council approve the transfer of unencumbered bond proceeds; and
WHEREAS, the VDOT share of these funds will be paid on a reimbursement basis following the expenditure of City funds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HAMPTON, VIRGINIA that (1) Appropriate $349,180 in Transportation Alternatives Set Aside Funding to the Mellen Street Bike & Pedestrian Improvements Project and transfer $92,820 from the Settlers Landing Bridge Bond Project to the Mellen Street Bike & Pedestrian Improvements Project; and (2) Appropriate $469,260 in Transportation Alternatives Set Aside Funding to the Mercury Boulevard Road Diet & Improvements Segment I Project and transfer $124,740 from the Mercury Boulevard Conversion Bond Project to the Mercury Road Diet & Improvements Segment I Project; and (3) Appropriate $235,420 in Transportation Alternatives Set Aside Funding to the Mercury Boulevard Road Diet & Improvements and transfer $62,580 from the Saunders Road Bond Project and to the Mercury Boulevard Road Diet & Improvements Project.