Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute Supplemental Agreement No. 1 with the Ky. Transportation Cabinet, for the acceptance of additional Federal funds in the amount of $214,400 for the construction phase of the Winchester Rd. Intersection Improvements at East Seventh Street/Liberty Rd. Project and extending the period of performance through December 31, 2018, the acceptance of which obligates the Urban County Government for the expenditure of $53,600 as a local match. [Div. of Traffic Engineering, Neal]
Summary
Authorization to execute Supplemental Agreement No. 1 with the Kentucky Transportation Cabinet accepting additional Federal funds in the amount of $214,400 for the construction phase of the Winchester Road Intersection Improvements at East Seventh Street/Liberty Road Project and extending the period of performance through December 31, 2018. Matching funds in the amount of $53,600 are required. Budget Amendment is in process. (L1388-17) (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: BA 8942 is in process.
Account Number: 3160-303601-0001-91615
This Fiscal Year Impact: $268,000
Annual Impact: $
Project: WINCHEST_2016
Activity: CONSTRUCT
Budget Reference: 2016
Current Balance: BA 8942 is 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 Supplemental Agreement No. 1, which is attached hereto and incorporated herein by reference, with the Kentucky Transportation Cabinet, for the acceptance of additional Federal funds in the amount of $214,400.00 for construction phase of the Winchester Road Intersection Improvements at East Seventh Street/Liberty Road Project, and extending the period of performance through December 31, 2018, the acceptance of which obligates the Urban County Government for the expenditure of $53,600.00 as a local match.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL