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TO: |
Board of Trustees |
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THROUGH: |
Mary DeLoretto, Interim Executive Director |
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FROM: |
Mary DeLoretto, Interim Executive Director |
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PRESENTER(S): |
Todd Provost, Director of Capital Development |
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Patti Garver, Manager of Environmental and Grant Services |
TITLE:
title
Grant Agreement: COVID-19 Local Assistance Matching Grant Program for the 300 North Salt Lake City Pedestrian Bridge (State of Utah Governor’s Office of Planning and Budget)
end
AGENDA ITEM TYPE:
Grant Agreement
RECOMMENDATION:
Approve COVID-19 Local Assistance Matching Grant award for the 300 North Salt Lake City Pedestrian Bridge and authorize the Executive Director to execute the agreement with the State of Utah GOPB in the amount of $1,500,000
BACKGROUND:
Utah HB 1004, appropriated $50 million of American Rescue Plan Act (ARPA) money to the GOPB to create a statewide grant program for local governments to complete local and regional ARPA-eligible projects. UTA has been selected to receive funding under this program. The agreement with GOPB allows UTA to receive funding assistance once all the requirements detailed in the agreement have been met.
DISCUSSION:
The design for the 300 North Pedestrian Bridge in Salt Lake City is complete. The bridge construction is part of the first-last mile TIGER program. Based on the 100% design, the cost to build the bridge was estimated by Granite Construction and verified by an Independent Cost Estimator. It was determined that the current budgeted amount is approx. $1.5 million short of what is needed for full construction. The largest cause of this increase is due to the shortage of contracted labor available in Utah and the Western States as well as the exponential rise of several construction materials - namely steel, concrete, polyvinyl chloride (PVC), and wood. These rises in labor and material costs are a direct outcome of the global COVID-19 pandemic.
The State, through this agreement, will pay UTA $1,500,000 toward the cost of the pedestrian bridge construction, as authorized under the agreement.
Funding Agency Name: State of Utah, Governor’s Office of Planning and Budget
Agreement Number: To Be Assigned
Agreement Value: $1,500,000.00
Base Agreement Effective Date: Upon signature of both parties
Agreement Termination Date: December 31, 2026
ALTERNATIVES:
If this agreement is not completed, UTA will not receive the ARPA Local Match funds from the State GOPB to meet the funding gap for the 300 North Salt Lake City pedestrian bridge, and other funds would need to be identified to cover the funding gap.
FISCAL IMPACT:
The award amount will be $1,500,000. Match includes
- TIGER: $1,634,797
- Salt Lake City: $1,069,250
- WFRC STP funds: $2,900,000
- UDOT Fed Section 130 funds: $500,000
- UPRR funds: $500,000
- Additional local match required to be covered by SLC and UTA: $411,609
ATTACHMENTS:
Grant Agreement