OCTOBER 17, 2017 RESOLUTION AUTHORIZING AMENDED AGREEMENT WITH NORTH CAROLINA DEPARTMENT OF TRANSPORTATION FOR DOWNTOWN GREENWAY PHASE 2: PROJECT EL-5101DJ
WHEREAS, the Greensboro Urban Area Metropolitan Planning Organization Transportation Advisory Committee directed federal STP-DA funds to the Downtown Greenway Phase 2 and NCDOT committed federal TAP funds to the project in 2014; and
WHEREAS, the funding so provided falls short of project construction cost estimates; and
WHEREAS, the Greensboro Urban Area Metropolitan Planning Organization staff successfully negotiated with NCDOT to increase its funding commitment to the project at this time in consideration of its high project score under the Prioritization 3.0 funding competition and other factors; and
WHEREAS, NCDOT has agreed to increase the federal funding provided under the existing agreement by $3,331,815; and,
WHEREAS, the City of Greensboro will provide the 20% cost share needed to match the additional federal funding amount, estimated at $832,954.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GREENSBORO:
That said project is hereby formally approved by the City Council of the City of Greensboro and the City Manager and Clerk of this Municipality are hereby empowered to sign and execute the agreement with the North Carolina Department of Transportation for Project EL-5101DJ.