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HomeMy Public PortalAbout2024-024 Resolution Auth Matching Funds for a Highway-Railroad Grade Crossing Surface Repair Program Grant with the IDOT for the Bellingham Rd CrossingRESOLUTION 2024-024 Resolution Authorizing Matching Funds for a Highway -Railroad Grade Crossing Surface Repair Program Grant with the Iowa Department of Transportation for the Bellingham Road Crossing WHEREAS, the railroad crossing at Bellingham Road is in need of surface repairs; and, WHEREAS, the Iowa Department of Transportation's (IDOT) Highway -Railroad Grade Crossing Surface Repair Program offers grants to assist in the cost of public railroad crossing surface repairs; and, WHEREAS, the IDOT grant program is limited to $900,000 in annual appropriation from the Iowa's Road Use Tax Fund, and as such, the available funding allows a limited number of grants each year; therefore, there is a multi -year wait for funding; and, WHEREAS, the Public Works Operations Manager estimates that, if approved, grant funding for Bellingham Road railroad crossing repairs may not be realized until FY28, and at that time, the cost of repairs to the Bellingham Road railroad crossing are estimated to cost approximately $300,000; and, WHEREAS, the IDOT grant program provides 60% of the funding for the project; 20% must be secured from the highway authority and railroad, and matching funds of 20% are required; and, WHEREAS, the breakdown in cost based on the Public Works Operations Manager's estimates is: 60% IDOT grant $ 180,000 20% Highway Authority & Rail $ 60,000 20% City Matching Funds $ 60,000 Total $300,000 WHEREAS, the funding source for this action is #301-750-6799 - Capital Improvements, Capital Projects, Other Capital Outlay. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Riverdale, Iowa, that: Section 1. Matching funds of up to $60,000 are approved for a future fiscal year (estimated to be FY28) for use toward an Iowa Department of Transportation Highway -Railroad Grade Crossing Surface Repair Program grant application. City of Riverdale, Iowa 110 Manor Drive, Riverdale, Iowa 52722 (563) 355-2511 1 www.riverdaleia.org Passed, approved, and adopted this 27th day of February 2024. APPROVED: Anthony Heddlesten, Mayor ATTEST: Kelly Krel City Clerk/Treasurer City of Riverdale, Iowa 110 Manor Drive, Riverdale, Iowa 52722 (563) 355-2511 www.riverdaleia.org