Title
Resolution Authorizing Amended Agreement in the Amount of $3,346,800 with NC Department of Transportation for Wendover Avenue Sidewalk Project EB-5883
Body
Council Priority: Maintain Infrastructure and Provide Sustainable Growth Opportunities
Department: Transportation
Council Districts: 2 & 3
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Hanna Cockburn 336-373-2861
Contact 2 and Phone: Tyler Meyer 336-373-2254
PURPOSE:
A resolution is needed to authorize execution of an amended agreement with NCDOT for the Wendover Avenue Sidewalk Project (EB-5883).
BACKGROUND:
Project EB-5883 will construct sidewalks on both sides of West Wendover Avenue from Grecade Street to Church Street and East Wendover from both sides of Summit Avenue to US 29. The project also will fill in gaps along intersecting streets and make improvements to existing sidewalks along Wendover Avenue. The project will improve pedestrian safety, accessibility, and mobility, and provide connections to transit, retail businesses, parks and greenways, residential areas, medical facilities and services.
NCDOT agreed to participate in project costs after the Metropolitan Planning Organization (MPO) submitted the project for consideration under the Prioritization 4.0 project selection process. The current municipal agreement provided funding for design with provisions for supplemental agreements to add right-of-way and construction funding once a detailed cost estimate could be prepared. With the design based cost estimate now available, NCDOT has now agreed to reimburse the City for 80% of all eligible design, right-of-way, and construction costs. At this time, the Department has provided an amended agreement to provide for reimbursement of 80% of all project costs.
The Municipal Agreement defines the cost for the project, and responsibilities of the City and the NCDOT, including the terms to which the City must comply in order to receive reimbursements for project costs. This Supplemental Agreement provides for an increase of $2,677,440 in federal funds and $669,360 in local funds.
BUDGET IMPACT:
The amended agreement will add funding for this project as follows:
$2,677,440 Federal Funds (80%)
$ 669,360 Bond Funds (20%)
$3,346,800
Funding for the local match will come from Transportation Bond Fund account 471-4502-15.6401. A budget adjustment is required to move funds to the appropriate account.
RECOMMENDATION / ACTION REQUESTED:
The Transportation Department recommends and requests approval of the attached resolution authorizing execution of an amended agreement with NCDOT for the Wendover Avenue Sidewalk Project (EB-5883).