2-Funding Agreement - CDBG 123-25 - Cattletrack Dr Sidewalk Street Improvements - Fully Executed.pdf

This is a fully executed Funding Agreement between the Town of Prescott Valley and the State of Arizona Department of Housing for Community Development Block Grant (CDBG) #123-25, dated January 6, 2025. The agreement authorizes funding for CIP #ST2501 - Cattletrack Road Pedestrian-Drainage Improvements project. The scope of work encompasses construction of roadway improvements, curb and gutter installation, sidewalk and ramp construction, storm drainage system installation, fire hydrant placement, driveway construction, signage, and road striping along Cattletrack Drive. The Town of Prescott Valley is responsible for soliciting competitive bids from qualified contractors to complete the improvements.

The project is funded through a Federal Community Development Block Grant awarded by the State of Arizona Department of Housing. This funding source provides the financial basis for the construction contract opportunity, with the grant number 123-25 designated for this specific infrastructure improvement project. As a fully executed agreement, this document establishes the formal funding commitment and authorizes the Town of Prescott Valley to proceed with the competitive bidding process and subsequent construction phase of the Cattletrack Road Pedestrian-Drainage Improvements initiative.