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HomeMy WebLinkAboutC7 Transportation Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Rick Hixson, City Engineer SUBJECT: Funding Agreement with Montana Department of Transportation, Transportation Master Plan Update AGENDA ITEM TYPE: Consent MEETING DATE: March 16, 2015 RECOMMENDATION: Authorize the signature of the City Manager on the attached funding Agreement with the Montana Department of Transportation for preparation of an update to the Bozeman Transportation Mater Plan. BACKGROUND: The City commission approved the allocation of $125,000.00 of Street Impact Fees to prepare an update of the City's Transportation Master Plan in Fiscal Year 2015. The Montana Department of Transportation is partnering with the city to fund this project and is providing an additional $125,000.00, bringing the total budget for this project to $250,000.00. The attached agreement formalizes this arrangement and will permit MDT to provide their share of the funding. UNRESOLVED ISSUES: None. FISCAL EFFECTS: This project will be paid for with Street Impact Fees, for which funds have been authorized. ALTERNATIVES: As suggested by the City Commission. Attachments: 3 original unsigned copies of the Funding Agreement prepared 3/5/15 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91