TITLE: Title
Request to Approve Capital Project Ordinance for the Homestead-Chapel Hill High School Multi-Use Path
PURPOSE: The purpose of this item is to consider approval of an amendment to the capital project ordinance for the Homestead-Chapel Hill High School Multi-use Path . The amendment recognizes additional funding for the project.
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DEPARTMENT: Management Services and Planning
CONTACT INFORMATION: Arche McAdoo - 919-918-7439; Patricia McGuire -919-918-7327
INFORMATION: On February 2, 2014, the Board of Aldermen considered a supplemental agreement with NCDOT for this project. The supplemental agreement extends milestone dates established in a April 2011 municipal agreement, incorporates additional STP-DA funding, and adds a standard statement regarding Title VI (i.e. Civil Rights Act of 1964) compliance. The Board of Aldermen approved the supplemental agreement and authorized the Town Manager to sign on behalf of the town. The one remaining step that must occur in order for the agreement to be executed is for the Town to recognize the funds from a budgetary perspective by adopting the attached Capital Project Ordinance.
FISCAL & STAFF IMPACT: Based upon the current estimate of probable construction costs, the total additional STP-DA allocation of $192,184 provides funding sufficient funding for construction, construction engineering, and contingency. The local match of $ 48,046 is to be covered by the payment in lieu funds from the Claremont South project, as agreed to by the property owners in the conditional use permit approval.
RECOMMENDATION:r Staff recommends that the Board of Aldermen approve the Capital Project Ordinance (Attachment A).