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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.5 <br /> Agenda Section Meeting Date Prepared by <br /> ConsentJuly 1, 2019 jenna Fabish, P.E.,Assistant City Engineer <br /> Item Description Reviewed by <br /> Accept Funding for Twin Lakes Road and Yale Justin Femrite, P.E.,Public Works Director <br /> Street Extension Project Reviewed by <br /> Calvin Portner, City Administrator <br /> Action Requested <br /> Accept,by motion,federal funding for the construction of the extensions of Twin Lakes Road and Yale <br /> Street to proposed Trunk Highway (TH) 10/169 intersection. <br /> Background/Discussion <br /> As discussed at the December 3, 2018,work session and approved at the December 17, 2018, Council <br /> meeting, the Council authorized staff to apply for a federal grant for a portion of the Twin Lakes Road <br /> and Yale Street Extension construction project. <br /> Consistent with the approvals, the city has received$2 million in federal funding for the construction of <br /> the roadways. As part of the federal funding process, the city must furnish an estimated$3,240,000 for <br /> the local share of the cost. <br /> The city is eligible for up to $1 million from local partnership funds. State aid dollars and utility fees are <br /> anticipated to supplement the local share. <br /> Financial Impact <br /> There is no financial impact associated with this action but commit to provide the local match for the <br /> construction of the project. <br /> Attachments <br /> ■ Resolution <br /> The Elk River Vision <br /> A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By <br /> service, and community engagement that encourages and inspires prosperity INAMIRE1 <br />