AGENDA DATE: 10/7/2015
TITLE:
Title
FY17 VDOT Revenue Sharing Program Participation
BODY
SUBJECT/PROPOSAL/REQUEST: Update on County's participation in the upcoming FY 17 Revenue Sharing Program
ITEM TYPE: Consent Information Item
STAFF CONTACT(S): Foley, Walker, Davis, Graham, Benish
PRESENTER (S): N/A
LEGAL REVIEW: Yes
REVIEWED BY: Thomas C. Foley
BACKGROUND: Applications for VDOT's FY17 Revenue Sharing Program are due October 30, 2015. VDOT requests applications every fall in order to determine the level of state funds needed to maximize local participation in this program. The FY17 Revenue Sharing Program can potentially match dollar-for-dollar a locality's contribution toward transportation projects funding up to $10.0 Million. This funding is typically used to advance high priority transportation projects, including road, sidewalk and bikeway improvements. The County's Transportation Priorities, approved in April 2015, are attached. Revenue Sharing Program funds have been used previously to help fund the John Warner Parkway, the Georgetown Road improvements, the Jarmans Gap Road improvements, the Crozet Avenue Streetscape project, and the Broomley Road Bridge replacement project (now under construction), as well as eight (8) sidewalk construction projects.
STRATEGIC PLAN: Goal 2. Critical Infrastructure: Prioritize, plan and invest in critical infrastructure that responds to past and future changes and improves the capacity to serve community needs.
DISCUSSION: No funding was budgeted in the County's FY 16 Capital Improvement Program budget for the matching funds required to participate in the program; therefore, no application for Revenue Sharing Funding will be submitted this year. Transportation project requests have been submitted to be considered as part of the FY17-26 Capital Improvements Program and Needs Assessment. Funds budgeted for those projects could be used in future years to leverage add...
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