Title
Ordinance in the Amount of $100,579 Amending Street and Sidewalk Capital Project Fund Budget for Amended Agreement with the North Carolina Department of Transportation for Greensboro Phillips Avenue Sidewalk Project (U-5532 B)
Body
Department: Transportation
Council District: 2
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:
Ordinance will amend Street and Sidewalk Capital Project Fund Budget for amended agreement with the North Carolina Department of Transportation (NCDOT) to increase funding for Phillips Avenue Sidewalk Project by the City of Greensboro.
BACKGROUND:
Phillips Avenue Sidewalk Project (U-5532 B) includes constructing sidewalks where none exist along Phillips Avenue from Summit Avenue to Huffine Mill Road. The executed construction contract for this project exceeded the original allocation of federal TAP-DA Funds by the Greensboro Urban Area MPO. The MPO has coordinated with NCDOT to allocate additional TAP-DA Funds to cover up to 80% of the additional funds needed to fully cover the construction contract.
BUDGET IMPACT:
An additional $100,579 in funding will be appropriated to the following Street and Sidewalk Capital Project Fund Account: #401-4563-01. The additional appropriation will be funded as follows:
$80,463 State Grant (80%)
$20,116 Local Bond Funds (20%)
$100,579
A budget adjustment is required to move funding into the appropriate account to fund the local match.
RECOMMENDATION / ACTION REQUESTED:
The Department of Transportation recommends and requests that City Council approve the attached ordinance amending the Street and Sidewalk Capital Project Fund budget for the Phillips Avenue Sidewalk Project (U-5532 B) and approve the associated budget adjustment.