Title
Resolution To Appropriate $627,893 in Urban Construction Initiative Funding to be Received From the Virginia Department of Transportation to the Coliseum Drive Extension Segment B Project Study; and to Transfer Bond Funds of $41,304 From Buckroe Streetscape Bond Project, $11,411 From the Mercury Boulevard Utility Conversion Bond Project, $1,768 From the Pembroke-First Street Park Improvements Bond Project, $23,884 From the Mallory Street Reconstruction Phase I Bond Project, $57,180 From the Settlers Landing Bridge Repair Bond Project, $6,355 From the Hampton Roads Center Parkway at Big Bethel Bond Project, $13,176 From the Mallory Street Improvements Phase II Bond Project, $22,883 From the Saunders Road Bond Project and $36,647 From the Thomas Nelson Drive New Traffic Signal Bond Project to the Coliseum Drive Extension Segment B Project Study
Purpose
PURPOSE/BACKGROUND:
The Coliseum Drive Extension Segment B Project Study (UPC 113988) (“Project”) area begins at the north terminus of the Coliseum Drive Segment (Phase) A Project (UPC 108731) and proceeds northwest to the North Campus Parkway/Magruder Boulevard intersection. The Project consists of an alternative analysis, environmental study and preliminary project tasks. City Council has previously approved the request from the Virginia Department of Transportation (VDOT) to program this Project into the VDOT 6-Year Improvement Plan and for the City Manager or authorized designee to execute the VDOT administration agreements and any additional agreements necessary for the implementation of the Project (Resolution 17-0382). The request for funding for the Project has a reimbursable share of $627,893 with a non-reimbursable local match of $214,608, with total project value being $842,501.
City staff has identified $214,608 of available bond funds from other completed projects and those surplus funds can be utilized as the required local contribution. The Buckroe Streetscape Bond Project has $41...
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