Title
Resolution Authorizing Municipal Agreement with the North Carolina Department of Transportation for Street Resurfacing Portion of the High Point Road Streetscape Project
Body
Department: Transportation
Council District: 1, 4, 5
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Adam Fischer 373-2861
Contact 2 and Phone: Tyler Meyer 373-2254
PURPOSE:
To Authorize Municipal Agreement with the North Carolina Department of Transportation (NCDOT) for the street resurfacing portion of the High Point Road Streetscape Project by the City of Greensboro.
BACKGROUND:
The purpose of this agreement is to establish the project, its scope and funding responsibilities. This agreement defines the cost and construction responsibilities of the City and the NCDOT on the Street Resurfacing portion of the High Point Road Streetscape Project. This project was made possible by the action of the NCDOT to direct Division 7 resurfacing funds to the City for this purpose.
This agreement will fund the resurfacing portion of the streetscape project on (1) High Point Road from Pinecroft Road to Patterson Street and (2) on Lee Street from Patterson Street to Coliseum Boulevard/S. Chapman Street.
BUDGET IMPACT:
The proposed municipal agreement provides for 100% reimbursement for the cost of resurfacing these streets up to $1,250,000. No local match is required. City Council awarded the contract for the High Point Road Streetscape Project to Vecellio and & Grogan, Inc. on November 18, 2014. Initial funding for this project was set up as follows:
$10,129,076.26 2008 Bond Funds
$2,543,785.64 Water Resources Capital Fund-Water Lines
$619,776.83 Water Resources Capital Fund - Sewer Lines
13,292,638.73
The resurfacing portion of this contract is $1,036,089.25. Therefore, if this municipal agreement is approved, the amount of bond funding required will be reduced by a like amount. Total funding for the contract with Vecellio & Gro...
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