ROSWELL NEW MEXICO
COMMITTEE AGENDA ITEM ABSTRACT
COMMITTEE AGENDA ITEM ABSTRACT
Regular Items 16.
Finance Committee
- Meeting Date:
- 12/05/2024
COMMITTEE:
Finance
CONTACT:
Elizabeth Nulf
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Resolution 24-XX:Support for NM Matching Fund Application for SS4A- consider recommending adoption of Resolution 24-XX to support application to the New Mexico Matching Fund to provide matching funds for "Safe Streets and Roads 4 All" funding application. (Najar/MacCornack)
BACKGROUND:
Initiated by: James MacCornack
City of Roswell has a FHWA accepted Safe Streets and Roads For All Comprehensive Safety Action Plan. Plan has identified systematic safety treatments that are recommended to be applied at various locations throughout the City. These treatments are individually low-cost and include improved roadway striping and pavement markings, and visibility enhancements at signalized intersections. FHWA funding is 80/20 with 20% of the project cost required to come from non-federal sources. It is proposed to pursue New Mexico Matching Fund for funding of the 20% required match to support application to FHWA for funding in Spring 2025.
City of Roswell has a FHWA accepted Safe Streets and Roads For All Comprehensive Safety Action Plan. Plan has identified systematic safety treatments that are recommended to be applied at various locations throughout the City. These treatments are individually low-cost and include improved roadway striping and pavement markings, and visibility enhancements at signalized intersections. FHWA funding is 80/20 with 20% of the project cost required to come from non-federal sources. It is proposed to pursue New Mexico Matching Fund for funding of the 20% required match to support application to FHWA for funding in Spring 2025.
FINANCIAL CONSIDERATION:
This is for project application support. Application to FHWA for project funding would depend upon New Mexico Matching Fund award. Intent is to achieve 100% funding through New Mexico Matching Fund and FHWA funding.
LEGAL REVIEW:
Resolution has been submitted to City Attorney for review.
BOARD AND COMMITTEE ACTION:
Infrastructure Committee on 11/18/2024 voted (5-0) to recommend Resolution 24-XX for support of application to the New Mexico Matching Fund to provide matching funds for possible "Safe Streets and Roads For All" funding application to December 5, 2024, Finance Committee with a recommendation to place on the City Council consent agenda.
STAFF RECOMMENDATION:
Resolution 24-XX:Support for NM Matching Fund Application for SS4A- consider recommending adoption of Resolution 24-XX to support application to the New Mexico Matching Fund to provide matching funds for "Safe Streets and Roads 4 All" funding application.
Attachments
- ATT 1 - Draft Resolution 24-XX
- ATT 2 - Safe Streets 4 All Systemic Recommended Improvement Cost Estimate