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TO: |
Board of Trustees |
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THROUGH: |
Mary DeLoretto, Interim Executive Director |
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FROM: |
Dave Hancock, Acting Chief Service Development Officer |
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PRESENTER(S): |
Grey Turner, Manager Civil Engineering and Design |
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Dave Hancock, Acting Chief Service Development Officer |
TITLE:
title
R2022-01-02 - Resolution Authorizing Execution of Supplement No. 3 to an Interlocal Cooperation Agreement with West Valley City for the West Valley Bike Lane Project as Part of the TIGER First/Last Mile Program.
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AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Approve Resolution R2022-01-02 authorizing Supplement No. 3 to the West Valley Interlocal Cooperation Agreement (ILA) to provide additional funds for the West Valley Bike Lane Project as part of the TIGER First/Last Mile Program.
BACKGROUND:
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 (R2021-06-05, June 2021) was to increase the budget of the West Valley Bike Lane Project by $1,932,024.65, of which, additional local funds were provided by West Valley City.
Supplement No. 3 is to increase the budget of the West Valley Bike Lane Project by $154,369.17. This additional funding is being provided by West Valley City. The total West Valley Bike Lane Project budget with Supplement No. 3 will be $3,807,701.82.
This request is seeking approval of Supplement No. 3 to be issued this time.
DISCUSSION:
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. 3 City participation funds ($154,369.17) upon execution of Supplement No. 3.
ALTERNATIVES:
Without the additional funding, there would not be enough budget to pay for the construction phase 2 of the West Valley Bike Lane Project improvements at the city’s request.
FISCAL IMPACT:
The additional West Valley City local project partner funding will increase the overall TIGER Grant Project Budget by $154,369.17. The additional funds were not included in the original 2021 TIGER project budget. They will be incorporated into the 2022 Capital budget at a future date as needed.
ATTACHMENTS:
R2022-02-02 - Approving West Valley City Interlocal Cooperative Agreement Supplement No. 3