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HomeMy Public PortalAbout2021_09_14_R131 VDOT Fiscal Years 2023 & 2024 Revenue Sharing Program Fund - Route 15 Bypass-Edwards Ferry InterchangeThe Town of Leesburg, Virginia RESOLUTION NO. 2021-131 PRESENTED: September 14, 2021 ADOPTED: September 14, 2021 A RESOLUTION: ENDORSING THE APPLICATION FOR THE VIRGINIA DEPARTMENT OF TRANSPORTATION FISCAL YEAR 2023 AND FISCAL YEAR 2024 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 systems in that jurisdiction; and WHEREAS, the Revenue Sharing Program provides for 50% of the eligible project costs, with the local government responsible for the remainder of the project costs; and WHEREAS, all resolutions approving financial expenditure by the Town must include information about the source of the funds, the amount, and whether the Council has authorized the spending, for example; and WHEREAS, the Virginia Depai tiiient of Transportation is accepting applications for Revenue Sharing funds for Fiscal Year 2023 and Fiscal Year 2024; and WHEREAS, the Town of Leesburg desires to submit an application for Route 15 Bypass / Edwards Ferry Road Interchange project to be funded through the Virginia Department of Transportation Revenue Sharing Program; and WHEREAS, the Route 15 Bypass / Edwards Ferry Road Interchange project is in the Town's Fiscal Year 2022 - 2027 Capital Improvements Program; and WHEREAS, the Town of Leesburg desires to submit an application for the Route 15 Bypass / Edwards Ferry Road Interchange project for $1,799,000 in the Virginia Department of Transportation Fiscal Year 2023 Revenue Sharing funds, to be matched with local funds -2- A RESOLUTION: ENDORSING THE APPLICATION FOR THE VIRGINIA DEPARTMENT OF TRANSPORTATION FISCAL YEAR 2023 AND FISCAL YEAR 2024 REVENUE SHARING PROGRAM FUNDING FOR THE ROUTE 15 BYPASS / EDWARDS FERRY ROAD INTERCHANGE PROJECT derived from various future funding sources, and $1,799,000 in the Virginia Department of Transportation Fiscal Year 2024 Revenue Sharing, to be matched with local funds derived from various future funding sources. THEREFORE, RESOLVED, by the Council of the Town of Leesburg in Virginia as follows: 1. The Town Council supports this application for the Virginia Department of Transportation Fiscal Year 2023 and Fiscal Year 2024 Revenue Sharing for the Route 15 Bypass / Edwards Ferry Road Interchange project. 2. The Town of Leeesburg hereby agrees to provide its share of the total cost for preliminary engineering, right-of-way and cosntruction for the Route 15 Bypass / Edwards Ferry Road Interchange project in accordance with the project financial documents. 3. The Town of Leesburg will be repsonsible for maintenance and operating costs of this facility as constructed unless other arrangements have been made with the Virginia Department of Transportation. 4. If the Town of Leesburg subsequently elects to cancel the project, the Town of Leesburg agrees to reimburse the Virginia Department of Transportation for the total amount of costs expended by the Virginia Depai tuient of Transportation through the date the Virginia Department of Transportation is notified of such cancellation. The -3- A RESOLUTION: ENDORSING THE APPLICATION FOR THE VIRGINIA DEPARTMENT OF TRANSPORTATION FISCAL YEAR 2023 AND FISCAL YEAR 2024 REVENUE SHARING PROGRAM FUNDING FOR THE ROUTE 15 BYPASS / EDWARDS FERRY ROAD INTERCHANGE PROJECT Town of Leesburg also agrees to repay any funds previously reimbursed that are later deemed inelligible by the Virginia Department of Transportation. 5. The Town of Leesburg grants authority for the Town Manager to apply for funds and exeecute project administration agreements, as well as other documents necessary for approved projects. PASSED this 14 day of September, 2021. Kelly : urk, or Town of Leesburg ATTEST: -441 Clerk of Council