TO: Urban Renewal Agency Board
THROUGH: Steve Powers, Executive Director
FROM: Kristin Retherford, Urban Development Director
SUBJECT:
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Funding authorization and grant amendment for final construction payment on the Peter Courtney Minto Island Bicycle and Pedestrian Bridge
Ward(s): Ward 1
Board Member(s): Kaser
Neighborhood(s): CANDO
Result Area(s): Safe, Reliable and Efficient Infrastructure
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ISSUE:
Shall the Urban Renewal Agency Board 1) authorize the use of $690,000 of Riverfront-Downtown Urban Renewal Area funds for the final construction payment on the Peter Courtney Minto Island Bicycle and Pedestrian Bridge, and 2) approve the attached grant amendment to provide $690,000 of Riverfront-Downtown Urban Renewal Area funding to the City of Salem for the final construction payment on the Bridge?
RECOMMENDATION:
recommendation
Authorize the use of $690,000 of Riverfront-Downtown Urban Renewal Area funds for the final construction payment on the Peter Courtney Minto Island Bicycle and Pedestrian Bridge; and approve the attached grant amendment to provide $690,000 of Riverfront-Downtown Urban Renewal Area funding to the City of Salem for the final construction payment on the Bridge
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SUMMARY:
Approval of the recommendation will authorize the use of $690,000 of Riverfront-Downtown Urban Renewal Area funds for the final construction payment on the Peter Courtney Minto Island Bicycle and Pedestrian Bridge.
FACTS AND FINDINGS:
A total of $10 million was allocated to the design and construction of the Bridge; sources of funds are listed below.
• Oregon Department of Transportation: $2,945,563
• Oregon Parks and Recreation Department: $ 750,000
• Riverfront Downtown URA - Design: $1,600,900
• Riverfront Downtown URA - Construction: $4,369,100
• South Waterfront URA: $ 212,700
• City of Salem Parks: $ 100,640
• Department of Environmental Quality: $ 49,500
Total $10,028,403
All funds have been spent to date.
As the project was being constructed, it became evident that fabrication of the arches was going to be much more complicated than originally anticipated. As a result, the City instituted 3-Dimensional modeling and inspection requirements to ensure the arches would meet the tight tolerances required by the design plans. This required additional work by the arch fabricator in Utah and by the contractor at the project site. The additional work also caused delays in the completion date which resulted in additional labor, equipment, and rental costs to the contractor. The project costs have been finalized and total $10.7 million, creating a funding gap of $690,000.
Construction of the Bridge is included as a project in the Riverfront-Downtown Urban Renewal Plan Section 1101.
Sufficient budget authority exists within the FY 2018-19 adopted budget for the Riverfront-Downtown Urban Renewal Area to fund the project
In order to transfer the additional Agency funds to the City, it is necessary for the Agency to authorize the attached grant amendment (Attachment 1).
The Riverfront-Downtown Urban Renewal Area is contributing a total of $4.3 million to the Division Street improvement project adjacent to the new Police Facility. In order to eliminate the impact of the final Bridge payment on the Riverfront-Downtown Urban Renewal Area fund, in a separate staff report to Council on tonight’s agenda, staff recommends allocating $690,000 of Streets and Bridges Bond funds to the Division Street improvement project, reducing the Riverfront-Downtown Urban Renewal Area contribution for that project.
BACKGROUND:
Since 1975, the City and Urban Renewal Agency had a vision to construct a pedestrian bridge connecting Riverfront Park with Minto Brown Island Park. After many years of planning, funding for the Bridge was approved in 2014, and construction of the project began in 2015. The Bridge was completed in 2017 and, with existing and planned connections, links more than 30 miles of off street trails, 1,400 acres of parks and natural areas, and provides access to activity centers in downtown and West Salem.
Renee K Frazier
Financial Services Manager
Attachments:
1. Grant amendment