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RESOLUTION NO. 22 of 2014
A Resolution Pledging Support to Contribute the Required Local Match If 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 April 27, 2014, the City submitted 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 Street bikeway improvements; (iv) non-motorized multi-use trail in Fairmont Park; (v) two HAWK Signals; (vi) Hidden Hollow area additional lighting; and (vii) additional improvements to “green infrastructure” in the SHBD; and
WHEREAS, if the City is awarded the TIGER Grant, the City will be required to provide a local match; and
WHEREAS, for the City’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 the City’s application proves successful,
WHEREAS, based upon the estimated project cost ($15,157,900), the local match for which the City would be responsible is $4,547,370; and
WHEREAS, the City Council has already identified and approved $1,454,456 for the local match, from previously allocated CIP funds and RDA funds; and
WHEREAS, the remaining amount of required matching funds to contribute in the event the City is awarded the TIGER Grant is $3,092,914.
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 $3,092,914 in the event the City’s TIGER Grant application is successful, provided, however, that the City will make reasonable efforts to identify funding sources for the local match other than the City’s General Fund, including, but not limited to, financial participation from private property owners adjacent to the S-Line.
Passed by the City Council of Salt Lake City, Utah, this 2nd day of September, 2014.