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RESOLUTION NO. 18 of 2015
A Resolution Pledging Support to Contribute the Required Local Match If UTA Is Awarded TIGER Grant Funding to Extend Transit Service in the Sugar House Business District
WHEREAS, the City Council supports the extension of high-quality transit service further into the Sugar House Business District (SHBD), including by providing multi-modal alternatives to auto use, supporting community development, offering a safe pedestrian and active transportation environment, and contributing to the quality of life of the area; and
WHEREAS, on June 5, 2015, the Utah Transit Authority (UTA) will submit a Transportation Investments Generating Economic Recovery (TIGER) Grant application to obtain federal funding to implement these goals, specifically to construct: (i) a 0.5 mile extension of rail for the S-Line Phase 2; (ii) the Highland Drive lane conversion (road diet); (iii) McClelland Trail and street improvements; (iv) pedestrian crossing improvements; (v) two segments of Parley’s Trail; and (vi) Hidden Hollow area additional lighting; and
WHEREAS, if UTA is awarded the TIGER Grant, the City will be required to provide a local match; and
WHEREAS, for UTA’s TIGER Grant application to be competitive, it is necessary for the City to make a firm commitment that it will provide the local match in the event that UTA’s application proves successful,
WHEREAS, based upon the estimated project cost ($27,100,000), the local match for which the City would be responsible is $5,600,000; and
WHEREAS, the City Council has already identified and approved $2,500,000 for the local match, from previously allocated funds; and
WHEREAS, the remaining amount of required matching funds for the City to contribute in the event UTA is awarded the TIGER Grant is $3,100,000.
THEREFORE, BE IT RESOLVED by the Salt Lake City Council that it pledges commitment to fund the local match in an amount not to exceed $3,100,000 in the event UTA’s TIGER Grant application is successful, provided, however, that, except for the $2,500,000 appropriated for projects already identified as qualifying as matching funds, no existing funding from the City’s General Fund be used, and that the City will make reasonable efforts to identify new revenue sources including but not limited to:
o Revenue raised by an increase in the state gasoline tax – projected to generate about $1 million a year for Class C roads over three years.
o Potential revenue raised by fund transfer from Salt Lake County.
o Financial participation from private property owners adjacent to the S-Line.
o Potential revenue raised from passage of a local option sales tax for transportation.
o And also beneficiaries like UTA and South Salt Lake.
Potential revenue – if realized – would speed up accumulation of the local match.
Passed by the City Council of Salt Lake City, Utah, this 2nd day of June, 2015.