Agenda Packets - 2002/04/01 - Laserfiche WebLink

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Funding On March 21, 2002, the City’s Community Development Director and Public Works Director met with the consultant (URS Inc.) to discuss funding issues associated with this project. Attached is a memorandum composed by Karl Keel of URS relevant to obtaining funding for a project of this nature. The main point with regard to obtaining funding is to formalize the project to the greatest extent as possible. Once the plan is as formalized as possible, the next step is to seek federal funds. Typically, the maximum amount of federal funds would be eighty percent (80%) of the total project cost. The remaining twenty percent (20%) is derived from local funds. Which may include: Municipal and County State aid funds, local assessments, and other grant programs. It should also be pointed out that local units of government are typically responsible for right-of-way acquisition. What’s Next Once general support from the Council is obtained, two public informational meetings will be held in late April or early May to present the draft plan and get feedback. Following the public informational meetings, the issue will be placed on a Council Workshop agenda, tentatively in June. At that time, the Council will be provided a project update, a summary of the public meetings, and the input received. The actual construction is currently anticipated sometime between the 2006 and 2008 construction seasons. However, this date could be moved up if funds are available. Recommendation: Staff is looking for direction from the City Council pertaining to this project. Specifically, staff is looking for Council input on the design and funding aspects. Staff would also like direction from Council as to whether they would like to proceed with this project. Respectfully Submitted, Greg Lee, Director of Public Works