Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Agreement with Traffic Control Products, for the purchase and installation of a new Central Advanced Traffic Management System, at a cost not to exceed $835,500. [Div. of Traffic Engineering, Neal]
Summary
Authorization to execute an Agreement in the amount of $835,500 with Traffic Control Products to provide and install a new Central Advanced Traffic Management System. Funds are Budgeted. (L0939-17) (Neal/Hoskins-Squier)
Budgetary Implications: Yes
Advance Document Review:
Law: { Select Yes/No, Completed by [Attorney Name, Date]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted: Yes
Account Number: 3160-303602-3601-91611
This Fiscal Year Impact: $835,500
Annual Impact: $
Project: ITS_CMS_2016 and ITS_CMS_2018
Activity: FED_GRANT
Budget Reference: 2016 & 2018
Current Balance: $1,010,458.76
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute the Agreement, which is attached hereto and incorporated herein by reference, with Traffic Control Products, for the purchase and installation of a new Central Advanced Traffic Management System.
Section 2 - That an amount, not to exceed the sum of $835,500.00, be and hereby is approved for payment to Traffic Control Products, from account #3160-303602-91611, pursuant to the terms of the Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
______________________________
CLERK OF URBAN COUNTY COUNCIL