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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Mary DeLoretto, Chief Service Development Officer |
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PRESENTER(S): |
Grey Turner, Manager of Engineering & Design |
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TITLE:
title
R2022-08-01 - Resolution Authorizing Execution of Supplement 2 to an Interlocal Cooperation Agreement with Provo City for the Provo Pedestrian Bridge as part of the TIGER First/Last Mile Program
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AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Approve Resolution R2022-08-01 authorizing Supplement 2 to the Interlocal Cooperation Agreement with Provo City to provide additional funds for the Provo Pedestrian Bridge Project as part of the TIGER First/Last Mile Program.
BACKGROUND:
TIGER Stakeholder Agreement and Supplement No. 1 between UTA and Provo City (Stakeholder Agreement 20-03245) were executed on May 14, 2020, between UTA and Provo City for the Pedestrian Bridge Project as part of the TIGER First/Last Mile Program with a total budget of $4,470,325, of which $2,684,302 was from TIGER grant funding and $1,198,959 was matching funds provided by Mountainland Association of Governments (MAG). Supplement No. 2 will increase the budget of the Provo Pedestrian Bridge Project by $3,516,850, of which, additional MAG funds, UDOT TTIF, UTA Partner funds, and Provo Community Block Development Grant (CDBG) program funds are being provided. The total Provo Pedestrian Bridge Project budget with Supplement No. 2 will be $7,987,175.
This request is seeking approval of Supplement No. 2 to be issued this time.
A supporting Board agenda item will be considered at the August 24 Board meeting that will move $1 million from UTA Partner Funds (Project MSP273) to this project through a Technical Budget Adjustment.
DISCUSSION:
The additional funding is required for construction of the Provo Pedestrian Bridge Project under the TIGER First/Last Mile Grant Project. Provo City has already been invoiced for Supplement No. 2 CDBG funds ($616,850). The MAG funds will be transferred to UTA through the Federal Highway Administration (FHWA).
ALTERNATIVES:
Without the additional funding, there would not be enough budget to pay for the construction phase 2 of the Provo Pedestrian Bridge Project improvements at the city’s request.
FISCAL IMPACT:
The additional Provo City funding will increase the overall TIGER Grant Project Budget by $3,516,850. The additional funds were not included in the original 2017 TIGER project budget.
As part of this increase, UTA is proposing to allocate $1 million from UTA Partner Funds (Project MSP273) to this project. A supporting Board agenda item will be considered at the August 24 Board meeting to move these funds to this project through a Technical Budget Adjustment.
ATTACHMENTS:
- Resolution R2022-08-01, including Exhibit A - Supplement 2