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HomeMy Public PortalAbout2019_09_24_R139 Virginia Department of Transportation Fiscal Years 2021 and 2022 Revenue Sharing Program Funding for the Route 15 Bypass/Edwards Ferry Road Interchange ProjectThe Town of Leesburg, Virginia PRESENTED: September 24, 2019 RESOLUTION NO. 2019-139 ADOPTED: September 24, 2019 A RESOLUTION: ENDORSING THE APPLICATION FOR THE VIRGINIA DEPARTMENT OF TRANSPORTATION FISCAL YEARS 2021 AND 2022 REVENUE SHARING PROGRAM FUNDING FOR THE ROUTE 15 BYPASS /EDWARDS FERRY ROAD INTERCHANGE PROJECT WHEREAS, the Virginia Department of Transportation (VDOT) Revenue Sharing Program provides funding to local governments to construct, improve, or maintain the highway system within that jurisdiction; and WHEREAS, the Revenue Sharing Program provides funding for 50% of eligible project costs, with the local government responsible for the remainder of the project costs; and WHEREAS, VDOT is accepting applications for Revenue Sharing funds for Fiscal Years 2021 and 2022; and WHEREAS, the Town of Leesburg desires to submit an application for the Route 15 Bypass/Edwards Ferry Road Interchange project to be funded through the VDOT Revenue Sharing Program; and WHEREAS, the Route 15 Bypass/Edwards Ferry Road Interchange project is included in the Town's Fiscal Year 2020 — 2025 Capital Improvements Program; and WHEREAS, the Town of Leesburg desires to submit an application for $5,000,000 in VDOT Fiscal Year 2021 Revenue Sharing funds and $2,850,00 in VDOT Fiscal Year 2021 Revenue Sharing funds to be matched with $7,850,000 in local funding derived from Northern Virginia Transportation Authority 70% funds, and other potential future funding sources. THEREFORE, RESOLVED, by the Council of the Town of Leesburg in Virginia as follows: -2- A RESOLUTION: ENDORSING THE APPLICATION FOR THE VIRGINIA DEPARTMENT OF TRANSPORTATION FISCAL YEARS 2021 AND 2022 REVENUE SHARING PROGRAM FUNDING FOR THE ROUTE 15 BYPASS /EDWARDS FERRY ROAD INTERCHANGE PROJECT SECTION I. The Town Council supports this application for VDOT Fiscal Year 2021 and Fiscal Year 2022 Revenue Sharing Program funds for the Route 15/Edwards Ferry Road Interchange project. SECTION II. The Town of Leesburg hereby agrees to provide its share of the total cost for preliminary engineering, right-of-way and construction of these projects in accordance with the project financial documents. SECTION III. The Town of Leesburg will be responsible for maintenance and operating costs of the facility as constructed unless other arrangements have been made with VDOT. SECTION IV. If the Town of Leesburg subsequently elects to cancel the project, the Town of Leesburg hereby agrees to reimburse VDOT for the total amount of costs expended by VDOT through the date VDOT is notified of such cancellation. The Town of Leesburg also agrees to repay any funds previously reimbursed that are later deemed ineligible by VDOT. SECTION V. The Town of Leesburg hereby grants authority for the Town Manager to apply for funds and execute project administration agreements, as well as other documents necessary for approved projects. PASSED this 24th day of September, 2019. Kelly'Bur1 J ayor Town of Leesburg ATTEST: Clerk of Council LF\LeesburgRMS\Town_Clerk\Resolutions\2019\0924 Virginia Department of Transportation Fiscal Years 2021 and 2022 Revenue Sharing Program Funding for the Route 15 Bypass/Edwards Ferry Road Interchange Project