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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Dave Hancock, Chief Capital Services Officer |
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PRESENTER(S): |
Andrea Pullos, Project Manager |
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Tracy Young, Grants Director |
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Jared Scarbrough, Director of Capital Design and Construction |
TITLE:
title
Contract: Transit Transportation Investment Program Funds (TTIF) Cooperative Funding Agreement for Ogden Express (Utah Department of Transportation)
end
AGENDA ITEM TYPE:
Non-Procurement Agreement
RECOMMENDATION:
Approve the Funding Agreement regarding the Ogden Express Project, authorize UTA’s Executive Director to execute the agreement with UDOT and authorize the receipt of $4,000,000 in Transit Transportation Investment Funds (TTIF).
BACKGROUND:
The Utah Department of Transportation (UDOT) has selected the Ogden Express project to receive $4,000,000 from the TTIF. The subject agreement:
• Authorizes the transfer of $4,000,000 of funds from UDOT to UTA;
• Requires expenditure of provided funds to be on the Ogden Express project;
• Necessitates project reporting to UDOT.
DISCUSSION:
Prior to construction beginning for the OGX project, TTIF funds were authorized, however, the award agreement was never executed. Following discussions with UDOT they are willing to execute this agreement which will reimburse UTA for $4,000,000 of the local match to the SSGA grant.
CONTRACT SUMMARY:
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Contractor Name: |
Utah Department of Transportation |
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Contract Number: |
24-P00422 |
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Base Contract Effective Dates: |
1 year |
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Extended Contract Dates: |
NA |
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Existing Contract Value: |
NA |
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Amendment Amount: |
0 |
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New/Total Contract Value: |
$4,000,000 revenue |
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Procurement Method: |
NA-Non Procurement Agreement |
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Budget Authority: |
Grant revenue as well as matching obligation funds are included in the 5-Year Capital Plan |
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ALTERNATIVES:
UTA could negotiate revisions to the Agreement with UDOT that are deemed prudent.
FISCAL IMPACT:
The fiscal impact is $4,000,000 of revenue to offset the local match to the SSGA. The funds transferred by this Agreement are an essential funding source for the project.
Capital Project MSP185 Ogden/Weber State University BRT has an approved 2025 Capital Budget of $6,000,000.
ATTACHMENTS:
UDOT TTIF Funding Agreement PIN 18855_OGX_LegalSigned