AGENDA DATE: 9/15/2021
TITLE:
Title
2021 Transportation Revenue Sharing Project Resolutions
BODY
SUBJECT/PROPOSAL/REQUEST: Resolutions to support Revenue Sharing grant requests
ITEM TYPE: Consent Action Item
STAFF CONTACT(S): Richardson, Walker, Kamptner, Herrick, Filardo, Rapp, McDermott
PRESENTER (S): Kevin McDermott
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: In July 2021, the Board reviewed and approved the updated list of Albemarle County Transportation Priorities. That review and approval included two projects recommended for funding through Revenue Sharing grant applications:
#8 - Eastern Avenue South: US 250 across Lickinghole Creek to Cory Farms Road
#10 - Avon Street Extended Bicycle and Pedestrian Improvements - Mill Creek Drive to Peregory Lane
Staff has continued to develop conceptual cost estimates and designs for these projects with the assistance of the Virginia Department of Transportation (VDOT) and a consultant. Pre-applications were submitted for both projects and it was determined that they were eligible for full submission.
Successful Revenue Sharing projects are typically funded by VDOT at 50%, with the remaining 50% being local match; however, there is a $10 million per project limit, as well as a $10 million limit per locality per two-year funding cycle. The local match for both projects would come from the CIP (Transportation Leveraging Fund).
The deadline for the Revenue Sharing grant applications is October 1. A Board Resolution supporting each of these projects must be submitted before then.
STRATEGIC PLAN: Infrastructure Investment - Prioritize, plan, and invest in critical infrastructure that responds to past and future changes and improves the capacity to serve community needs.
DISCUSSION: Staff is currently preparing the applications for the referenced projects. Though cost estimates for these projects are still being finalized, initial cost estimates are provided below.
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