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open in the completely revitalized area. Tourists will spend more time in the area as the newly <br />built walking paths will lead to more foot traffic and a newly resurfaced road will greatly <br />improve the driving experience. The completed downtown corridor will lead to significant <br />economic growth for the City and surrounding communities. <br />3. Stakeholders: ldentify all stakeholders supporting and/or benefitting from the project, <br />incl ud ing municipalities, d istricts, non profits, or private entities. <br />The City will partner with the Washington State Department of Transportation {WSDOT) for this <br />resudacing project. Since Oakes Avenue and First Street are a part of State Route 903, WSDOT <br />will be involved with design and construction review, with approvals required prior to bidding, <br />WSDOT is also in full support of this resurfacing project, as they have identified the need but are <br />unable to prioritize funding of the project at this current time. <br />lll. Budget and Funding: Provide a detailed project budget, including the total cost and a <br />breakdown of expenses by phase and/or major category. Specify which portions or phases the <br />grant will support. <br />The First Street and Oakes Avenue Resurfacing project is estimated to cost a total of 5825,972. <br />Preliminary engineering is estimated to cost 5106,590 with construction making up the <br />remaining Sltg,gZZ. Last year the City applied for a Surface Transportation Block Grant (STBG) <br />and received 57L4,4L4 in funding. The City is applying for the remaining 5111,498 in funding <br />needed to complete this project, as required by the STBG local match requirements. The grant <br />will support the remaining 514,390 needed in preliminary engineering and 597,108 in <br />construction costs. <br />Total Funding <br />Construction <br />Preliminary <br />Engineering <br />Project <br />57t+,+ta <br />5622,zr4 <br />592,200 <br />Secured STBG <br />Funding <br />Sttt,qgg <br />S97,108 <br />$14,390 <br />Current Funding <br />Request <br />$8zs,gtz <br />57t9,322 <br />S10G,590 <br />Total Project <br />Cost <br />1. Funding Sources: List all additional funding sources (e.g., grants, private partnerships, in-kind <br />contributions) and their current status {e.g-, secured, pending, or proposed).