Item B: STP-U Funding - Laserfiche WebLink

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The context of this policy direction was the increasing backlog of pavement preservation projects and the desire to have a diverse set of funding sources for pavement preservation. At the time the policy was established, the estimated pavement preservation backlog was $94 million. In 2009, the backlog was estimated at over $170 million. Since 2005, the City has increased the local motor vehicle fuel tax from $.03 to $.05 per gallon, passed a $35.9 million pavement preservation bond measure and received $3 million in ARRA funds for pavement preservation. These funds represent a significant investment in the preservation of the City’s existing transportation infrastructure. However, there is still a significant pavement preservation backlog and the City has not met its goal of establishing a locally controlled and sustainable source of funding for pavement preservation. Therefore, the existing council policy is still relevant and important. One of the consequences of the existing policy is that other transportation capital funding needs are unmet. Attachment A outlines alternative projects that the council may wish to consider for the submittal of applications for STP-U funding. The timeline for the allocation of STP-U funds for FFY 2011 – FFY 2013 by the MPC follows: ? February 11, 2010 - MPC meeting to adopt funding framework ? February 12, 2010 – Begin solicitation for funding applications ? February 26, 2010 - Funding application deadline ? March 11, 2010 - Metropolitan Policy Committee public hearing ? March 18, 2010 - Citizen Advisory Committee recommendation ? February 25, 2010 - Transportation Planning Committee recommendation ? April 8, 2010 – Metropolitan Policy Committee decision on allocation of funds COUNCIL OPTIONS The City Council may: 1.Approve the submittal of STP-U funding applications for the Hilyard Street, Martin Luther King Boulevard and Coburg Road pavement preservation projects. 2.Approve the submittal of STP-U funding applications for an alternative group of projects. CITY MANAGER’S RECOMMENDATION The City Manager recommends that the City Council approve the submittal of STP-U funding applications for the Hilyard Street, Martin Luther King Boulevard and Coburg Road pavement preservation projects. SUGGESTED MOTION Move to approve submittal of STP-U funding applications for the Hilyard Street, Martin Luther King Boulevard and Coburg Road pavement preservation projects. ATTACHMENTS A.Alternative Project List for STP-U Funding Z:\CMO\2010 Council Agendas\M100208\S100208B.doc