Subject:
Title
Request CIP and revenue-share funding for roadway maintenance utilizing IFB 20-03
Body
EXPLANATION AND SUMMARY:
DPW requests $869,500 in funding for roadway maintenance with Arthur Construction, utilizing IFB 20-03. The requested funds are for roadway maintenance of various Town streets. The funding will come from the CIP 2020 bond ($300,000) and VDOT Revenue Sharing ($539,000 with $269,500 reimbursement).
CIP 2020 Bond - $300,000
Revenue Sharing - $539,000 (subject to 50% reimbursement)
Total Funding - $839,000
Strategic Plan Initiative: Vienna is an efficiently mobile community and an environmentally sustainable community
Departmental Recommendation: Recommend approval.
Finance Recommendation: Recommend approval.
Purchasing Recommendation:
Town Attorney Recommendation: Town Council may approve the proposed appropriation of funds for roadway maintenance in its discretion.
Town Manager's Recommendation: I recommend the Town Council approve expenditures of $839,000 in Capital Improvement Plan bond and Revenue Share funding for roadway maintenance with Arthur Construction, as presented.
Cost and Financing: $839,000
Account Number: TBD
Decision Needed by This date: 04/20/2020
PROPOSED/SUGGESTED MOTION
Recommended Action
“I move to approve expenditure of $839,000 in Capital Improvement Plan bond and Revenue Share funding for roadway maintenance with Arthur Construction.”
Or
Other action deemed necessary by Council.