Title
A Resolution Approving Entering Into Agreements With ALDOT and RS II, LLC and Soliciting Bids for Tanger Avenue Extension
Summary
Description of Topic: (who, what, where, when, why and how much)
Consider amending the Capital Plan and appropriate project cost of $450,000 including contingency and authorizing public bids. Approves entering into funding agreements as follows: 1) ALDOT Contribution Agreement 2) RS II, LLC Contribution Agreement. The City will be reimbursed by ALDOT for the construction cost up to $250,000. All construction costs above $250,000 will be reimbursed to the City by RS II, LLC. RSII, LLC will pay all Engineering, advertising and inspection costs directly.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.**Request to Transfer Departmental Budget Dollars form must be attached**
____ Not budgeted requiring increase to account #___________ in the amount of $____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital - Departmental **Capital Purchase Worksheet form must be attached**
____ Budgeted under account #______________ for $_________ and described in budget as ________________________. Additional amount needed, if any: Increase in budget of $_________ OR, transfer of $________ from Account #____________ to Account #_____________**Request to Increase OR Request to Transfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #____________ requires budget increase of $_____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital Project - **If requesting to start a project, a Capital Project Worksheet form must be attached**
In current year Capital Projects Plan:
_____ Yes, described as __________________________, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
__X__ No, requesting $450,000.00 as total project estimate, including contingencies, under account # 400-3020-5134 Tanger Avenue Extension.
_____ No, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
Body
WHEREAS, ALDOT is interested in, supports, and desires to participate in funding of the proposed construction of Tanger Avenue Extension, and
WHEREAS, RS II, LLC agrees to pay any construction costs above ALDOT's contribution and all engineering and other costs for the proposed Tanger Avenue Extension Project, and
WHEREAS, The City will ultimately accept for maintenance as a public right of way the proposed Tanger Avenue Extension.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves entering into a $250,000 funding agreement with ALDOT and approves soliciting public bids to construct the Tanger Avenue Extension which is estimated to cost up to $450,000.
SECTION 2: Approves entering into a funding contribution agreement for approximately $200,000 (project balance) with RS II, LLC.
SECTION 3: Amends the Capital Plan and appropriates funding amounts (revenue) and project cost under Account Nos. 400-3020-5134 R44CONST Tanger Avenue Extension, 400-3020-4202 R44STATE Tanger Avenue Extension-State Contribution and 400-3020-4657 R44CONT Tanger Avenue Extension-Contribution.
SECTION 4: This Resolution shall become effective immediately upon its adoption as required by law.