Resolution_PF Agreement_CityofCleElum_FirstStreetOakesProject

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open in the completely revitalized area. Tourists will spend more time in the area as the newly built walking paths will lead to more foot traffic and a newly resurfaced road will greatly improve the driving experience. The completed downtown corridor will lead to significant economic growth for the City and surrounding communities. 3. Stakeholders: Identify all stakeholders supporting and/or benefitting from the project, including municipalities, districts, nonprofits, or private entities. The City will partner with the Washington State Department of Transportation (WSDOT) for this resurfacing project. Since Oakes Avenue and First Street are a part of State Route 903, WSDOT will be involved with design and construction review, with approvals required prior to bidding. WSDOT is also in full support of this resurfacing project, as they have identified the need but are unable to prioritize funding of the project at this current time. III. Budget and Funding: Provide a detailed project budget, including the total cost and a breakdown of expenses by phase and/or major category. Specify which portions or phases the grant will support. The First Street and Oakes Avenue Resurfacing project is estimated to cost a total of $825,912. Preliminary engineering is estimated to cost $106,590 with construction making up the remaining $719,322. Last year the City applied for a Surface Transportation Block Grant (STBG) and received $714,414 in funding. The City is applying for the remaining $111,498 in funding needed to complete this project, as required by the STBG local match requirements. The grant will support the remaining $14,390 needed in preliminary engineering and $97,108 in construction costs. Project Secured STBG Current Funding Total Project Funding Request Cost Preliminary $92,200 $14,390 $106,590 Engineering Construction $622,214 $97,108 $719,322 Total Funding $714,414 $111,498 $825,912 1. Funding Sources: List all additional funding sources (e.g., grants, private partnerships, in -kind contributions) and their current status (e.g., secured, pending, or proposed).