Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Transportation topic
No spam. Unsubscribe anytime.
Board approves local-match assistance application to support $3M bridge investment bid
Summary
Trustees approved submission of a state local match assistance application to support a likely $3,000,000 federal bridge investment program; staff said the federal program expects a 10% match and the state grant is intended to serve as the town's local match with no local match required for the application.
Town staff said they plan to submit an application to a state local match assistance program to pair with a federal bridge investment application for a project currently estimated at about $3,000,000. Town Manager Frank told trustees the bridge investment program typically requires a 10% local match (roughly $300,000) and that the state local match assistance application is intended to provide that match; "This application does require your approval for submission," staff said.
Trustees asked how the town would account for match funds in the budget and whether the state program imposes a minimum award amount. Staff said the state program originally anticipated larger awards but will allow reduced awards below the published minimum in some cases. Trustees voted to approve submission of the local match assistance grant application; staff said any required local match would be addressed through later budget amendments if and when the federal award is secured.
