|
TO: |
Board of Trustees |
|
THROUGH: |
Mary DeLoretto, Interim Executive Director |
|
FROM: |
William Greene, Chief Financial Officer |
|
PRESENTER(S): |
William Greene, Chief Financial Officer |
|
|
|
TITLE:
title
Contract: Pass Through Funding Agreement - 2021 State Legislature Funding for System Improvements (Utah Department of Transportation)
end
AGENDA ITEM TYPE:
Non-Procurement Agreement
RECOMMENDATION:
Approve the agreement with UDOT to fund $101,600,000 in system improvements. This funding was approved by the 2021 Utah State Legislature
BACKGROUND:
The 2021 Utah State Legislature, through House Bill 433, lines 598 to 605, subsequently modified by House Bill 1008, lines 97 to 104, allocated $101,600,000 from the General Fund for the following UTA capital projects:
• $68,000,000 to double track strategic sections of FrontRunner commuter rail system
• $12,000,000 for construction and improvements to the S-line street car facilities in Salt Lake City
• $11,000,000 for bus rapid transit in the Salt Lake Midvalley area
• $5,000,000 for an environmental study at the point of the mountain area
• $4,000,000 for UTA and Sharp-Tintic railroad consolidation project
• $1,600,000 for a rail station in Vineyard City
Utah Code Section 63J-1-220(2) mandates that UDOT may not provide UTA with state pass through funding unless an agreement is executed.
DISCUSSION:
The attached agreement (Exhibit A) details the terms of the agreement including the objective, payment schedule, key activities, budget and deliverables, limitations, and roles of the parties to the agreement.
Upon execution of the agreement, UDOT commits to make four (4) equal payments to UTA.
CONTRACT SUMMARY:
|
Contractor Name: |
Utah Department of Transportation |
|
Contract Number: |
21-P00134 |
|
Base Contract Effective Dates: |
November 10, 2021 through July 1, 2022 |
|
Extended Contract Dates: |
N/A |
|
Existing Contract Value: |
N/A |
|
Amendment Amount: |
N/A |
|
New/Total Amount Contract Value: |
$101,600,000 |
|
Procurement Method: |
Pass through funds agreement |
|
Funding Sources: |
State of Utah General Funds |
|
|
|
ALTERNATIVES:
Not accept the payment from UDOT. UTA would be unable to undertake all of these projects without this funding.
FISCAL IMPACT:
These funds are a critical revenue source in UTA’s Capital Budget and the 2022-2026 5-Year Capital Plan.
ATTACHMENTS:
Contract