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File #: 50815    Version: 1 Name: Amending Traffic Engineering's 2018 Adopted Capital Budget for the increase in federal funding of $317,000.00 provided to the City of Madison for the University Avenue; Allen Boulevard to University Bay Drive project (#5992-10-10/11).
Type: Resolution Status: Passed
File created: 3/5/2018 In control: FINANCE COMMITTEE
On agenda: 4/10/2018 Final action: 4/10/2018
Enactment date: 4/18/2018 Enactment #: RES-18-00295
Title: Amending Traffic Engineering's 2018 Adopted Capital Budget for the increase in federal funding of $317,000.00 provided to the City of Madison for the University Avenue; Allen Boulevard to University Bay Drive project (#5992-10-10/11).
Sponsors: Arvina Martin
Attachments: 1. Univ Av; Allen Bl to Univ Bay Dr 5992-10-10_Budget Amendment_JLS (003).pdf

Fiscal Note

The proposed resolution amends the Traffic Engineering 2018 capital budget by adding $317,000 in federal funding for the University Avenue, Allen Boulevard to University Bay Drive project. The 2018 Capital Budget includes $820,000 for traffic signal Installations (Munis project 10427) funded by GO Borrowing ($380,000) County Sources ($30,000) Developer Capital Funding ($110,000) Other Government Payments for Services ($50,000), Special Assessments ($200,000) and State Sources ($50,000). The City’s share of the University Avenue, Allen Boulevard to University Bay Drive project is $159,000 and is available in the Traffic Signal Installation 2018 project.

 

Title

Amending Traffic Engineering's 2018 Adopted Capital Budget for the increase in federal funding of $317,000.00 provided to the City of Madison for the University Avenue; Allen Boulevard to University Bay Drive project (#5992-10-10/11).

Body

WHEREAS, the funds required to pay for this project were not included in Traffic Engineering’s 2018 Capital budget; and

 

WHEREAS, the City of Madison and the Wisconsin Department of Transportation have approved the “State/Municipal Agreement for a State-Let Urbanized Area STP-Urban Project” for the City of Madison, University Avenue (CTH MS) Allen Blvd to University Bay Drive project; and

 

WHEREAS, Design oversight/review is 100% local sponsor (City of Madison). Project construction is funded 70% Federal / 30% Local with a maximum federal cap of $317,000 when the project sponsor agrees to fund any costs over the federal maximum amount; and 

 

WHEREAS, the City will pay for 30% ($159,000) of the costs of the project;

 

NOW, THEREFORE, BE IT RESOLVED that Traffic Engineering’s 2018 Capital Budget is amended to increase it by $ 317,000.00 for the Federal reimbursement portion which is to be reimbursed through the Local Force Account in order to make all purchases for the City of Madison, University Avenue; Allen Boulevard to University Bay Drive project #5992-10-10/11.