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Council hears grants update; Lake Street reconstruction likely to need more than available $2.1M award
Summary
Finance staff reported three closed transportation grants and ongoing work on Lake Street reconstruction; council discussed that the $2.1 million SIP/STIP award will not fully cover the project, estimated at $3–4 million, and considered phasing and use of gas-tax funds to avoid losing grant money.
City finance staff provided the council a quarterly grants update and answered questions about multiple capital projects, funding gaps and grant administration.
The finance director (Speaker 1) told the council that three transportation grants have closed and that the main active transportation grant is for Lake Street reconstruction; design work (PS&E) was recently awarded to Kimberly Horn. He also reported water distribution system work is more than halfway done and that an…
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