Title
Resolution Authorizing the Execution of a Programmatic Project Administration Agreement for Revenue Sharing Program Projects with the Virginia Department of Transportation
Purpose
PURPOSE/BACKGROUND:
See discussion below.
Discussion:
Pursuant to Code of Virginia § 33.2-357, certain revenues made available by the General Assembly and appropriated for the improvement, construction, reconstruction, or maintenance of state highways may be made available to localities through the Commonwealth Transportation Board, subject to the Virginia Department of Transportation (“VDOT”) contracting with localities for the implementation of those projects.
For that purpose, VDOT has presented to the City a “Programmatic Project Administration Agreement” for all active current and future Revenue Sharing Projects for a minimum of the next three (3) years with an additional three (3) year renewal option. The City previously entered into such an agreement in 2013 that also had a maximum life of six (6) fiscal years and is expiring on 6/30/19. Accordingly, it is necessary for the City and VDOT to enter into a new agreement to continue to allow a streamlined Revenue Sharing project agreement process.
The terms of the attached agreement have been reviewed and conform with our legal standards. The matter remaining before the City Manager's exection is a mutual understanding between the City and VDOT regarding the information to be (currently) included in the appendices.
Impact:
This agreement facilities improvement of certain of the City's roadways, and provides for the sharing of those costs (which can be substantial) with VDOT.
Recommendation:
Rec
Approve Resolution
Body
WHEREAS, the Virginia Department of Transportation (“VDOT”), through its Revenue Sharing Program, has offered the City of Hampton (the “City”) Revenue Sharing funds for use on roadway improvement projects on a 50/50 VDOT/City share basis;
WHEREAS, the VDOT share of those funds is paid on a ...
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