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HomeMy WebLinkAboutRES 2997 CITY OF RENTON, WASHINGTON RESOLUTION NO. 2997 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, COMMITTING CITY MATCHING FUNDS AND AUTHORIZING THE MAYOR TO APPLY TO THE FEDERAL HIGHWAY ADMINISTRATION FOR BRIDGE REPLACEMENT FUNDS, TO ACCEPT SAID AWARD AND TO SIGN ALL DOCUMENTS AS ARE REQUIRED THEREFORE FOR ROAD IMPROVEMENTS ON MONSTER ROAD BRIDGE NEAR THE INTERSECTION OF MONSTER ROAD AND OAKESDALE AVENUE SOUTHWEST. WHEREAS, the City has determined the need to undertake the above-referenced project and has duly adopted this project as part of its Six-Year Transportation Improvement Program; and WHEREAS, the City deems it necessary to apply to the Federal Highway Administration for a grant for this road improvement which is located on Monster Road Bridge near the intersection of Monster Road and Oakesdale Avenue Southwest; and WHEREAS, the projected project cost for preliminary design is $70, 000; and WHEREAS, the City is applying for a Federal Highway grant of $56, 000 and has budgeted $110, 000 of City funds; and WHEREAS, various traffic mitigation funds are available and eligible for use as its share of the matching funds through construction; and WHEREAS, the total project cost through construction for the bridge replacement project is estimated at $1,400, 000 . 00, with a total grant share of $1, 120, 000 . 00; and WHEREAS, it is necessary to adopt a resolution authorizing the Mayor to sign the required grant documents and to certify the availability of the City' s matching funds for the Federal Highway grant; 1 I RESOLUTION NO. 2997 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS: SECTION I. The above recitals are found to be true and correct in all respects . SECTION II. The Mayor is hereby authorized to make application to the Federal Highway Administration for grant funds for the current and subsequent stages of the above-noted transportation improvements . SECTION III. The Mayor and City Clerk are hereby authorized to accept said grant awards and to sign all documents as are required therefore. SECTION IV. The City hereby commits as matching funds for the above-noted transportation improvements $108, 000 . 00, acknowledging that the Monster Road Bridge replacement is an eligible expenditure for the Grady Way Transportation Benefit Zone funds, and that $172 , 000 . 00 of the funds designated for the Monster Road Bridge replacement in the Rabanco traffic mitigation document is currently in-hand and available for immediate disbursement upon the award of the grant by the Federal Highway Administration. PASSED BY THE CITY COUNCIL this 16th day of August , 1993 . Marilyn J. etersen, City Clerk APPROVED By THE MAYOR this 16t y of August , 1993 . Earl Clymer, Mayor 2 RESOLUTION NO. 2997 Approved s to form: Lawrence J. War n, City Attorney RES. 309 : 7/22/93 :as . 3