Title
Amendment to Capital Improvement Project Ordinance for the Jones Creek Greenway Project (C-5181)
PURPOSE: The purpose of this agenda item is for the Town Council to adopt a new capital project ordinance to reflect additional local discretionary funds (Federal STBG-DA).
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Department
DEPARTMENT: Finance, Planning
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Contact
CONTACT INFORMATION: Langston Ramseur, Interim Finance Director, 919-918-7439, lramseur@carrboronc.gov; Christina Moon, Planning Administrator, 919-918-7325, cmoon@carrboronc.gov; Patricia McGuire, Planning Director, 919-918-7327, pmcguire@carrboronc.gov
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Council Direction
COUNCIL DIRECTION:
___ Race/Equity ____ Climate __X__ Comprehensive Plan __X__Other
Council Direction Statement
The Jones Creek Greenway is included in the Comprehensive Plan and Bicycle Plan. Racial Equity Pocket Questions are included as Attachment C.
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Information
INFORMATION: On June 7, 2022, the Town Council authorized staff to request a STIP amendment to allocate $256,000 of local discretionary funds (Federal STBG-DA) to the Jones Creek Greenway project. The Engineer's Estimate had indicated an increase in construction costs and additional funding was needed to advance the project. The Board of Transportation adopted the amended FY2020-2029 STIP in June 2023, which formally programmed the additional funds to the project (Attachment B). A new capital project ordinance is needed to add the additional revenues to the project budget. Federal STBG-DA funds require a 20-percent local match of $51,200. It should be noted that the total project budget documented in the STIP is slightly higher than the Town budget due to rounding; the difference does not increase the local match.
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Fiscal and Staff Impact
FISCAL IMPACT: Federal STBG-DA funds require a 20-percent local match: $204,800 (federal) + $51,200 (local match) = $256,000.
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Recommendation
RECOMMENDATION: The Town Manager recommends that the Town Council adopt ...
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