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HomeMy Public PortalAbout2012_10_09_R109 Authorizing Execution of VDOT Revenue Sharing for Sycolin Rd Widening Phase IVThe Town of Leesburg, Virginia RESOLUTION NO. 2012-109 PRESENTED October 9, 2012 ADOPTED October 9, 2012 A RESOLUTION: AUTHORIZING THE TOWN MANAGER TO EXECUTE THE APPLICATION FOR VDOT REVENUE SHARING FUNDS FOR THE SYCOLIN ROAD WIDENING PHASE IV PROJECTAND FOR STREET RESURFACING MAINTENANCE PROJECTS WHEREAS, the Virginia Department of Transportation is accepting applications for Revenue Sharing funds for fiscal year 2014; and WHEREAS, the 2012 Virginia General Assembly passed legislation that established eligible Revenue Sharing projects to include both construction projects and street maintenance projects; and WHEREAS, the Sycolin Road Widening Phase IV project will complete the improvements to Sycolin Road from south of Tolbert Lane to the southern Corporate Limits and is identified as a Priority Future Capital Project in the Town's FY 2012 — 2017 Capital Improvement Program; and WHEREAS, FY 2014 Revenue Sharing funds, matched by Loudoun County Gas Tax funds, and combined with other potential future funding sources would allow the construction of Sycolin Road Phase IV to be completed on an accelerated schedule; and WHEREAS, the Town budget provides for street milling and resurfacing in excess of the amount that is reimbursed through normal VDOT street maintenance payments; and WHEREAS, the local funds spent on street resurfacing can be used to match VDOT Revenue Sharing funds, which will allow for additional street resurfacing within the Town; and WHEREAS, the Town of Leesburg desires to submit an application for an allocation of funds of up to $1,500,000 through the Virginia Department of Transportation Fiscal Year 2014 Revenue Sharing Program; and -2- A RESOLUTION: AUTHORIZING THE TOWN MANAGER TO EXECUTE THE APPLICATION FOR VDOT REVENUE SHARING FUNDS FOR THE SYCOLIN ROAD WIDENING PHASE IV PROJECT AND FOR STREET RESURFACING MAINTENANCE PROJECTS THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The Town Council supports this application for an allocation of $1,500,000 through the Virginia Department of Transportation Revenue Sharing Program. SECTION II. The Town Manager is authorized to execute any and all documents associated with the grant application. PASSED this 9th day of October, 2012. _. '--Kristent. U6stattd, Mayor Town of Leesburg Clerk of C c' l PAResolutions\2012 \1009 VDOT Rev Share App FYI Sycolin IV and S.doc