Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement with the Ky. Transportation Cabinet, for the acceptance of Federal Funds in the amount of $608,131.20 for the construction of the West Hickman Trail Project, the acceptance of which obligates the Urban County Government for the expenditure of $152,032.80 as a local match. [Div. of Engineering, Burton]
Summary
Authorization to execute Agreement with the Kentucky Transportation Cabinet accepting Federal funds in the amount of $608,131 for the construction of the West Hickman Trail Project, the acceptance of which obligates Urban County Government for the expenditure of $152,032.80 as local match, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. Budget Amendment is in process. (L0928-18) (Burton/Paulsen)
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: BA 9540 is in process.
Account Number: 3160-303202-3225-90313
This Fiscal Year Impact: $760,164
Annual Impact: $
Project: WHICKMAN_2016
Activity: CONSTRUCT
Budget Reference: 2019
Current Balance: BA in process
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 to execute the Agreement, which is attached hereto and incorporated herein by reference, with the Kentucky Transportation Cabinet, for the acceptance of Federal funds in the amount of $608,131.20 for the construction phase of the West Hickman Trail Project, the acceptance of which obligates the Urban County Government for the expenditure of $152,032.80 as a local match.
Section 2 - That this Resolution shall become effective on the date of its passage.