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Legislation Details
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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6/9/2021
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Final action:
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6/9/2021
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Title:
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Resolution R2021-06-05 Approving the Execution of an Interlocal Agreement (ILA) with West Valley City for Provision of Additional Funds to Supplement the Existing TIGER Stakeholder Agreement
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Indexes:
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Finance - Grants, Governance - Government Agencies / Political Subdivisions
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TO: Board of Trustees
THROUGH: Carolyn Gonot, Executive Director
FROM: Mary DeLoretto, Chief Service Development Officer
PRESENTER(S): Mary DeLoretto, Chief Service Development Officer and Grey Turner, Sr. Program Manager
TITLE: 
title
Resolution R2021-06-05 Approving the Execution of an Interlocal Agreement (ILA) with West Valley City for Provision of Additional Funds to Supplement the Existing TIGER Stakeholder Agreement
end
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AGENDA ITEM TYPE: |
Resolution |
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RECOMMENDATION: |
Approve Resolution R2021-06-05 ratifying the Interlocal Agreement with West Valley City aka Tiger Grant Stakeholder Agreement (18-2656BM) and Supplement No. 1, and also approving Supplement No. 2. Supplement No. 2 provides additional funds for the West Valley Bike Lane Project as part of the TIGER First/Last Mile Program. |
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BACKGROUND: |
UTA determined to treat Tiger Stakeholder Agreements as Interlocal Agreements (ILAs) in early 2019. Consequently, with regard to the Tiger Stakeholder Agreements executed prior to 2019, as subsequent Supplemental Agreements have been created, UTA staff has sought Board ratification of the original Tiger Stakeholder Agreements as Interlocal Agreements in conjunction with seeking Board approval for the respective Supplemental Agreement(s). This action seeks ratification of the initial Tiger Grant Stakeholder Agreement and Supplemental Agreement No. 1, both issued in 2018 and approval of Supplemental Agreement No. 2. to be issued at the current time. |
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DISCUSSION: |
TIGER Stakeholder Agreement and Supplement No. 1 between UTA and West Valley City (Stakeholder Agreement 18-2656BM) were executed on March 30, 2018 between UTA and West Valley City for the Bike Lane Project as part of the TIGER First/Last Mile Program with a total budget of $1,721,308, of which $1,377,046 was from TIGER grant funding and $344,262 was matching funds provided by West Valley City. Supplement No. 2 is to increase the budget of the West Valley Bike Lane Project by $1,932,024.65, of which, additional local funds are being provided by West Valley City. The total West Valley Bike Lane Project budget with Supplement No. 2 will be $3,653,332.65. The additional funding is required for construction of the West Valley Bike Lane Project under the TIGER First/Last Mile Grant Project. West Valley City will be invoiced for Supplement No. 2 City participation funds ($1,932,024.65) upon execution of Supplement No. 2. |
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ALTERNATIVES: |
Without the additional funding, there would not be enough budget to pay for the construction of phase 2 of the West Valley Bike Lane Project. |
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FISCAL IMPACT: |
The additional West Valley City local project partner funding will increase the overall TIGER Grant Project Budget by $1,932,024.65. The additional funds were not included in the original 2021 TIGER project budget, but savings from the delay in the 300 North Pedestrian Bridge project would allow us to advance the West Valley project for construction this summer. We will look to amend the TIGER project budget later this fall or in 2022 to accommodate the remaining projects. |
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ATTACHMENTS: |
1) R2021-06-05 Approving West Valley City Interlocal Cooperative Agreement, including: • Exhibit A - Interlocal Cooperation Agreement • Exhibit B- Supplement Number 1 • Exhibit C - Supplement Number 2 |
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