Title
Consider a resolution amending the Transportation Capital Improvement Program (TCIP).
Body
This amendment to the Transportation Capital Improvement Program (TCIP) includes a number of budget increases, reductions and adjustments. The primary objective of this amendment is to provide funding for new projects and adjust funding for a number of projects. Some of the items included in the amendment are the following:
1) Reduce the budget on a number of projects. Notable reductions include:
a) Reduce funds for the East Bagdad project by - $900,000;
b) Reduce funds for the Bottleneck projects by -$202,393;
c) Reduce funds for the University Wide Expansion project by - $850,000.
2) Increase the budgets for a number of projects. Increases are proposed for the following projects:
a) Increase the budget for Downtown Improvement by $900,000;
b) Increase the budget for the Seton Parkway project by $202,393;
c) Increase the budget for the Kenney Fort Seg.4 project by $1,500,000;
d) Increase the budget for the Creekbend Blvd. project by $400,000;
e) Increase the budget for Sunrise Median Imp. project by $850,000.
3) Creating the budgets for a number of projects. The proposed budgets for the following projects:
a) Create the budget for Us 79 at Telander project by $5,500,000
b) Create the budget for Nutty Brown project by $100,000
c) Create the budget for Roundville Ln project by $1,500,000
This amendment to the TCIP budget results in a net reduction of $439,657.
Recommended Action
Staff recommends approval.