Subject:
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Consider a Resolution for VDOT’s FY 2016-2017 Revenue Sharing Program
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Presented By: Thomas Hartman, PE, Assistant Director of Public Works
Recommendation and Review
VDOT has historically offered its Revenue Sharing Program to localities to advance transportation projects to construction. Localities may apply for a maximum of $10 million annually through this program.
Public Works Staff is requesting Council’s consideration for the City applying for Revenue Sharing Grants for the following projects in the FY17 budget cycle:
1. Finance construction of the Reservoir Street Reconstruction Project in the amount of $2,000,000 ($1,000,000 revenue sharing and $1,000,000 City matching funds;
2. Finance construction of the South Main St / MLK Jr. Way Improvements in the amount of $2,700,000 ($1,350,000 revenue sharing and $1,350,000 matching funds;
3. Finance design, right of way and construction of Garbers Church Road Shared Use Paths in the amount of $3,000,000 ($1,500,000 revenue sharing and $1,500,000 City matching funds;
4. Finance a portion of the annual paving program in the amount of $1,900,000 ($950,000 revenue sharing and $950,000 City matching funds;
5. Finance construction of the Grace Street Extension Project on the campus of James Madison University in the amount of $2,500,000 ($1,250,000 revenue sharing and $1,250,000 City matching funds provided by JMU.
Applications with City Council Resolution are due to VDOT by October 30, 2015