SUBJECT
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A Resolution of the City Council of the city of Laredo, Texas authorizing the City Manager to submit a grant application on in the amount of $8,100,000.00 to the U.S. Department of Transportation, under the Rebuilding American Infrastructure with Sustainability & Equity (RAISE) Grant Program for the River Road Planning Project to conduct schematics, alignments, traffic analysis, stakeholder outreach, economic impact analysis, environmental analysis, plans specifications and estimates. Grant has no match at the time of application but up to 20% for $1,600,000.00 may be required at the time of award. Funding will be allocated for FY24-25. This Notice of Funding Opportunity is on a reimbursement basis. Funding will need to be identified in the event project is selected for award, and match is requested by awarding agency.
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PREVIOUS COUNCIL ACTION
Resolution 2024-R-055 was taken and approved by Council on February 5, 2024 to apply for the FY24 RAISE Grant Program for the Planification of River Road.
BACKGROUND
On November 1, 2024 the U.S. Department of Transportation release a grant opportunity under the Rebuilding American Infrastructure with Sustainability & Equity (RAISE) grant program, merit-based, a competitive discretionary grant program for surface transportation infrastructure and planning grants. Webb County-City of Laredo RMA conducted the River Road Corridor Study with identifies need and preliminary costs for construction and pre-construction costs. Council previously approved the submittal of this grant application for this project in February 5, 2024. On July 30, 2024, the City of Laredo was informed that the application was recognized as a “Project of Merit”, meaning it advanced to the Highly Rated List but was not selected for an award. Application will be carried over and considered for selection in the FY25 round of the program.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
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Staff recommends approval of this item.
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Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: N
Source of Funds: Capital Grants
Account #: 458
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
Funding will need to be identified in the event project is selected for award.
The City intends to apply where the project location is in an Area of Persistent Poverty (APP) and a Historically Disadvantaged Community (HDC). No match is required at the time of application but up to 20% may be required at the time of award.