Title
Authorization to Apply for, Accept and Disburse Federal Funding for U.S. Department of Transportation 'Better Utilizing Investments to Leverage Development' Grant Opportunity (Ordinance S-44803)
Description
Request to authorize the City Manager, or his designee, to apply for, accept, and if awarded, enter into agreements for disbursement of federal transportation funding for the U.S. Department of Transportation's 'Better Utilizing Investments to Leverage Development' (BUILD) grant opportunity for an amount not to exceed $25 million. Further request authorization for the City Treasurer to accept, and the City Controller to disburse, all funds related to this item. The City's local match would be $7.5 million, which is currently available in the Street Transportation Department's Capital Improvement Program budget.
Report
Summary
On April 20, 2018, the U.S. Department of Transportation issued a Notice of Funding Opportunity (NOFA) for $1.5 billion in surface transportation grants provided by the fiscal year (FY) 2018 Omnibus Appropriates Legislation. The BUILD grant (formerly known as the TIGER program) offers an opportunity to leverage City funds while partnering with Arizona State University and the Mayo Clinic to design and build a new arterial corridor, approximately 1.2 miles in length, that would extend 64th Street from Bell Road to Mayo Boulevard. The new arterial corridor would include a bridge over the Central Arizona Project (CAP) canal and expand an important transportation corridor in the northeast part of the City.
Not only would this corridor promote efficiency and connectivity for Phoenix residents, but it will also provide opportunities for economic growth and development by bridging residential development to a large medical and research campus.
Financial Impact
If selected, BUILD will fund up to 80 percent of the total construction cost. The City intends to submit a grant application for up to $25 million that includes design, environmental and construction costs related to this project. The City will provide a competitive 30 percent total project cost match, up to $7.5 million, which is currently available in the Street Transportation Department's Capital Improvement Program budget.
Concurrence/Previous Council Action
This item is scheduled to be heard by the Transportation and Infrastructure Subcommittee at the June 19, 2018 meeting.
Location
64th Street from Bell Road to Mayo Boulevard.
Council District: 2
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Street Transportation Department.