Drafter
Clerk 09/22/2010
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AN ORDINANCE authorizing the King County executive or the executive's designee to approve a memorandum of agreement with the city of Shoreline relating to the Aurora Avenue North multi-modal corridor project.
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STATEMENT OF FACTS:
1. The city of Shoreline is currently completing a mass transportation project known as the Aurora Avenue North multi-modal corridor project, including a segment between North 185th Street and North 205th Street.
2. The city of Shoreline was awarded a $475,000.00 Federal Transit Administration ("FTA") grant for Bus Rapid Transit-Aurora Corridor Improvement Project (SR99) Phase III.
3. The city cannot obligate the FTA grant funds in a timely manner and requires local funding to complete its project.
4. King County Metro, the transit division of the county's department of transportation, has locally generated revenues now allocated to projects eligible for funding with FTA grants, and these locally generated revenues are not currently being used as match for federal grants.
5. Providing local county funds to the city in exchange for the city's FTA grant for will allow the city to proceed with construction of its Aurora Avenue North multi-modal corridor project segment between North 185th Street and North 205th Street.
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
SECTION 1. The King County executive or the executive's designee is hereby authorized to execute an agreement with the city of Shoreline, substantially in the form of
Attachment A to this ordinance, for an exchange of funds relating to the Aurora Avenue North multi-modal corridor project.