|City of Independence|
|AGENDA ITEM COVER SHEET|
|BILL NO. 18-096||Ord.No: 18947|
18-096 - 2R. An ordinance authorizing execution of a municipal and cost apportionment agreement between the Missouri Highways and Transportation Commission for the US 24 Highway bridge replacement public improvements project.
Approval of the agreement is recommended.
The intent of this Agreement is to outline the responsibilities of the Commission and the City with respect to the construction and maintenance of the improvements to the US 24 Highway bridge replacement over Delaware/Truman Drive. The agreement also outlines responsibility with respect to the funding of the improvements.
The Missouri Department of Transportation is proposing to replace the bridge carrying US 24 Highway over Delaware Avenue/Truman Drive. The timing of this project is set such that the completion will be prior to the 75th anniversary of Harry S Truman becoming President. In addition to the replacement of the bridge, enhancements will be designed and incorporated into the project that will enrich the visual setting for the area in front of the Truman Library and Museum, as well as become part of the overall experience of the Truman Library and Museum and McCoy Park, located on either side of the bridge. The agreement sets out that the City will fund the design, construction and ongoing maintenance of the designated enhancements.
The current estimate of the City's responsibilities for the enhancement portion of the project is $1,322,000, however actual costs are anticipated to be less. A deposit of $50,000 will be made to the Commission no later than November 15, 2018 from the Street Sales Tax undesignated fund balance. The remaining balance of $1,272,000 will be remitted from the City no later than 14 days prior to the advertisement of the project for bids. The estimated date for the remaining balance due Spring 2019. Approval of this ordinance also approves the appropriation of the $50,000 payment from the Street Sales Tax. Approval also authorizes the City Manager to pursue debt financing alternatives to be repaid from Street Sales Tax funds for the remaining balance.
|Department: Public Works||Contact Person: Tim Gramling|
|City Clerk Department||Approved|
|Council Action: ||Council Action: Accepted|