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HomeMy WebLinkAboutRESOLUTION NO. 2020-17 RESOLUTION NO. 2020-17 RESOLUTION AUTHORIZING APPLICATION TO CORRIDOR METROPOLITAN PLANNING ORGANIZATION FOR ADDITIONAL REGIONAL TRANSPORTATION FUNDS AND COMMITTING TO PROVIDE ADDITIONAL LOCAL MATCHING FUNDS CONTINGENT UPON AWARD AND ACCEPTANCE OF TRANSPORTATION GRANT FUNDS WHEREAS, the City of Fairfax, Iowa was previously awarded $492,000.00 in STBG funding from the Corridor Metropolitan Planning Organization and committed to providing matching funds of $123,000.00 as established in Resolution No. 2019-11 for construction of 2,400 feet of the West Prairie Creek Trail. WHEREAS, the City of Fairfax, Iowa was notified by the Corridor MPO that other projects in the area had become defmnded, and as a result,these funds are available for competitive reprogramming. WHEREAS, the City of Fairfax, Iowa is applying to the Corridor MPO for an additional $365,000.00 of STBG or Transportation Alternatives Set-Aside (TA) funding to help cover additional costs associated with changing the project location to the East Cemetery Road corridor, resulting in total grant funding of $857,000.00 contingent upon award of the additional funds being requested. WHEREAS, the City of Fairfax, Iowa commits to provide additional matching funds of $91,000.00 contingent upon award, and acceptance, of additional federal STBG or TA funding for the above-mentioned project, resulting in a total commitment of$214,000.00. NOW,THEREFORE BE IT RESOLVED, by the City Council of the City of Fairfax, Iowa,as follows: 1. That the City of Fairfax, Iowa agrees to conform with the regulations, statutes, terms, and conditions described in the application and instructions. 2. Comply with conditions of accepting transportation funding from the Corridor Metropolitan Planning Organization. 3. That if additional federal STBG or TA funds are approved for the above-mentioned project, the required additional matching funds will be included in the future Capital Improvements Program, and the City will adequately maintain the project for its intended public use for a minimum of twenty years following completion. BE IT FURTHER RESOLVED, by the City Council of the City of Fairfax, Iowa, that the Mayor and the City Clerk/Treasurer are hereby authorized and directed to execute said Resolution. Passed and approved this 18"' day of February, 2020. AYES: Daly, Pacha, Volk, Wainwright, and Otto NAYS: None urnell G. Frieden, Mayor ATTEST: y4 h Cyi hia Stimson, City Clerk/Treasurer - T*. w W'ry exaa }