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Resolution 2023-11
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Resolution 2023-11
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Last modified
2/28/2024 1:06:14 PM
Creation date
2/23/2023 10:26:02 AM
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City Council Records
Also Known As (aka)
IGA CDOT_Grant for Hwy 42 Multimodal Improvements Project 2022 Amendment 1 2023
Meeting Date
2/21/2023
Doc Type
Resolution
Signed Date
2/21/2023
Ord/Res - Year
2023
Ord/Res - Number
11
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DocuSign Envelope ID: 78EDDF4F-1D84-47F2-AF00-97000AF40928 <br />EXHIBIT C-1 - FUNDING PROVISIONS <br />City of Louisville - MTF 042A-009 (25380) MMO <br />A. Cost of Work Estimate <br />The Local Agency has estimated the total cost the Work to be $8,000,000.00, which is to be funded as <br />follows: <br />1. FUNDING <br />Federal STBG <br />a. Federal Funds (82.79% of STBG Award of $1,207,875.00) $1,000,000.00 <br />(17.21 % of STBG Award is $207,875.00 from State SB 267 Funds) <br />Federal ARPA US Treasury Expenditure Category EC6 <br />b. Federal Funds ARPA (50% of ARPA MMO Award) $3,200,000.00 <br />C. Local Agency Funds $800,000.00 <br />(50% of ARPA MMO Award of $6,400,000.00 is State SB 267 Award of <br />$2, 400, 000.00 + Additional Local Agency Funds of $800, 000.00) <br />State SB 267 <br />d. State Funds (100% of SB 267 Award) <br />$3,000,000.00 <br />TOTAL FUNDS ALL SOURCES <br />$8,000,000.00 <br />2. OMB UNIFORM GUIDANCE <br />a. Federal Award Identification Number (FAIN): <br />TBD <br />b. Name of Federal Awarding Agency: <br />FHWA, USDT <br />C. Local Agency Unique Entity Identifier KSKMCMF17K71 <br />d. Assistance Listing # Highway Planning and Construction <br />ALN 20.205 <br />e. Assistance Listing # Coronavirus State and Local Fiscal Recovery Funds <br />ALN 21.027 <br />f. Is the Award for R&D? <br />No <br />g. Indirect Cost Rate (if applicable) <br />N/A <br />h. Amount of Federal Funds Obligated by this Action: <br />$0.00 <br />i. Amount of Federal Funds Obligated to Date (including this Action): <br />$0.00 <br />3. ESTIMATED PAYMENT TO LOCAL AGENCY <br />a. Federal Funds Budgeted <br />$1,000,000.00 <br />b. ARPA Funds Budgeted <br />$3,200,000.00 <br />C. State Funds Budgeted <br />$3,000,000.00 <br />d. Less Estimated Federal Share of CDOT-Incurred Costs <br />$0.00 <br />TOTAL ESTIMATED PAYMENT TO LOCAL AGENCY 90.00% <br />$7,200,000.00 <br />TOTAL ESTIMATED FUNDING BY LOCAL AGENCY 10.00% <br />$800,000.00 <br />TOTAL PROJECT ESTIMATED FUNDING 100.00% <br />$8,000,000.00 <br />4. FOR CDOT ENCUMBRANCE PURPOSES <br />Federal Funds STBG <br />a. Total Encumbrance Amount (Federal funds + Local Agency funds) <br />$1,000,000.00 <br />b. Less ROW Acquisition 3111 and/or ROW Relocation 3109 <br />$0.00 <br />Federal Funds ARPA MMO <br />a. Total Encumbrance Amount (Only ARPA funds are encumbered) <br />$3,200,000.00 <br />b. Less ROW Acquisition 3111 and/or ROW Relocation 3109 <br />$0.00 <br />State Funds SB 267 <br />a. Total Encumbrance Amount (Only State funds are encumbered) $3,000,000.00 <br />Exhibit C-1 - Page 1 of 3 <br />
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