Legislation Details

File #: ACT 24 -012    Version: Name:
Type: Miscellaneous Item Status: Regular Business
File created: 7/8/2024 In control: Executive Board
On agenda: 8/21/2024 Final action:
Title: Locally Administered Projects Program Additional Funding Request Chandler Hagen, MPO Staff
Attachments: 1. Staff Report, 2. Garner - Additional Funding Request 08-21-24

Title

Locally Administered Projects Program Additional Funding Request

Chandler Hagen, MPO Staff

 

Body

The Locally Administered Projects Program (LAPP) allows existing projects to request additional funding to address financial shortfalls.  Requests that fall below $1,000,000 of additional CAMPO funding can be approved administratively through the CAMPO Executive Director.  Requests exceeding $1,000,000 require CAMPO Executive Board approval.  Due to cost escalation experienced by the project, $2,042,400 in supplementary costs to the Town have been encountered associated with federally reimbursable items.  Once the 50/50 cost split is applied, Garner can request $1,021,200 in LAPP funds.

 

Requested Action: Action Approve the additional funding request for the Town of Garner’s U-6225 White Oak, Hebron, and Ackerman Roundabout project.