Agenda Item Title:
Title
Public Works recommends approval of Resolution #18-22C, a resolution authorizing the execution of an interlocal cooperation agreement between Salt Lake County and Sandy City to transfer up to $5,000,000 from county transportation funds to the city as ammended.
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Presenter:
Mike Gladbach, Public Works Director
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Description/Background:
This resolution authorizes the execution of an amended interlocal cooperation agreement between Salt Lake County and Sandy City to transfer up to $5,000,000 from county transportation funds to the city. The amendment makes the following changes:
Combines funding for Monroe Phase 6 and 7 in to one project funded at $3,500,000.
Allows the 8800 South project to be fully funded at $1,500,000.
Currently the grant funding structure leaves Monroe Phase 6, Monroe Phase 7, and the 8800 South projects all under funded. The Monroe Phase 7 project has been accepted by the Wasatch Front Regional Council Technical Committee (WFRC TAC) as a joint project with UDOT and is expected to be approved and funded. By combining Monroe Phases 6 and 7 in to one project we can move savings from Phase 7 to Phase 6 without executing another addendum. By moving $905,000 from the Monroe Phase 6 project to the 8800 South project it is fully funded. This takes us from three under funded projects to one under funded project and two fully funded projects.
Fiscal Impact:
Further action to be taken:
Recommended Action and/or Suggested Motion:
Recommendation
Public Works recommends approval of Resolution #18-22C.