HomeMy WebLinkAboutResolution SEDA 2015-01 05/18/2015 RESOLUTION
NO. .SEDA2015-1
A RESOLUTION OF THE SPRINGFIELD ECONOMIC DEVELOPMENT AGENCY AGREEING
TO ASSIST IN FULFILLING THE MATCHING FUNDS REQUIRED FOR THE 2015
TRANSPORTATION INVESTMENT GENERATING ECONOMIC RECOVERY GRANT
WHEREAS, The United States Department of Transportation has made $500 Million in
Transportation Investment Generating Economic Recovery Seven (TIGER 7) Grant funds
available;
WHEREAS, TIGER 7 Grants are highly competitive, merit based discretionary grants
focused on projects that generate economic development and provide access to
reliable, safe and affordable transportation;
WHEREAS, TIGER 7 Grant program applicants must be able to demonstrate an ability to
create partnerships with other local agencies and organizations;
WHEREAS, TIGER 7 Grants fund Eighty Percent (80%) of a project and grant program
applicants must be able to show an ability to obtain, at a minimum, the remaining
matching funds, moreover the program strongly encourages "over match" beyond the
minimum 20% to make a grant request competitive;
WHEREAS, the Springfield 2035 Transportation System Plan (TSP) provides a 20-year
blueprint for how the City should maintain and improve the transportation network to
meet growth demands and the plan lists constructing a multimodal facility on Franklin
Boulevard as a priority project;
WHEREAS, the Central Lane Metropolitan Planning Organization Long Range Regional
Transportation Plan (RTP) provides a 20-year blueprint for how the Eugene-Springfield
metropolitan region should maintain and improve the transportation network to meet
growth demands and the plan lists constructing a multimodal facility on Franklin
Boulevard as a priority project;
WHEREAS, Franklin Boulevard is within the confines of the City of Springfield's
Glenwood Refinement Plan, Phase I and that plan calls for Franklin Boulevard to be
redeveloped as a multi-modal, multi-way boulevard to support and foster redevelopment
of that area;
WHEREAS, the Springfield Economic Development Agency (SEDA) is responsible for the
allocation of urban renewal dollars to priority projects within the Glenwood Urban
Renewal District and included in the Glenwood Urban Renewal Plan Goals;
WHEREAS, the adopted Glenwood Urban Renewal Plan Goals include improvements to
streets, and streetscapes, including projects to reconstruct existing roadways and
construction of new streets;
WHEREAS, the Franklin Boulevard project is located within the Glenwood Urban
Renewal District and identified by the SEDA Board as a priority project;
WHEREAS, SEDA has previously committed funds for Franklin Boulevard improvements;
WHEREAS, the Franklin Boulevard Complete Street Project implements the goals of the
TSP, RTP, the Glenwood Refinement Plan and the Glenwood Urban Renewal Plan Goals
and is divided into two phases; Phase 1 is located between the Springfield Bridges and
Mississippi Street and Phase 2 runs from Mississippi Street to Interstate 5;
WHEREAS, the City has received $6 million in 2015 — 2018 Statewide Transportation
Improvement Program funding to complete design and commence construction Phase 1
of the Franklin Boulevard Complete Street Project, and has obligated $3.6 million in local
funds toward construction occurring in Calendar Years 2016/2017;
WHEREAS, the City is applying for the TIGER 7 Grant to construct the Phase 2 of the
Franklin Boulevard Complete Street Reconstruction Project;
WHEREAS, the Oregon Department of Transportation has notified the City that should a
TIGER 7 Grant be awarded for Phase 2 of the Franklin Boulevard Complete Streets
Project, it will convert the 2015 — 2018 Statewide Transportation Improvement Program
funds from federal funds to state funds, which has the impact of leveraging the City's local
match efforts;
WHEREAS, TIGER 7 Grant funds are meant to provide the funding necessary to
complete a project such as the second phase of the Franklin Boulevard Complete Street
Reconstruction Project;
NOW, THEREFORE, BE IT RESOLVED by the Springfield Economic Development
Agency as follows:
1. If the City of Springfield is awarded a TIGER 7 Grant, SEDA agrees to participate
financially by contributing a portion of the match amount, not to exceed $2 million in local
funds to the match portion of grant. These funds will be drawn from Glenwood urban
renewal plan resources..
2. This Resolution shall take effect upon its adoption by the Springfield Economic
Development Agency.
RESOLUTION NO. SEDA2O15-1
ADOPTED by the Springfield Economic Development Agency Board this %' day of
May, 2015, with a vote of for and 0 against.
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`SEDA hair
ATTEST:
C1-31:?(4a
Amy Sowa, city Recorder
REVIEWED c a.)"!VED
AS TO = �/
DATE' IA
OFFICE CITY ORNEY
RESOLUTION NO. SEDA2015-1