Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Supplemental Agreement No. 6 with the Ky. Transportation Cabinet, for the acceptance of additional Federal funds in the amount of $3,855,000 for the Newtown Pike Extension Project, the acceptance of which obligates the Urban County Government for the expenditure of $200,000 as a local match, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Div. of Engineering, Burton]
Summary
Authorization to execute Supplemental Agreement No. 6 with the Kentucky Transportation Cabinet, accepting additional Federal funds in the amount of $3,855,000 for the Newtown Pike Extension Project. Match in the amount of $200,000 is required. Budget amendment in process. (L0220-21) (Burton/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Brittany Smith, 2/22/2021
Risk Management: N/A
Fully Budgeted: Budget amendment 11001 is in process.
Account Number: 3160-900214-0001-71101; 3160-313101-3101-91714;
3160-303401-3334-92211; 3160-707602-7221-91015
This Fiscal Year Impact: $4,055,000
Annual Impact: $0
Project: NEWTOWNPK_2011
Activity: FED_GRANT
Budget Reference: 2011
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 and directed to execute Supplemental Agreement No. 6, 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 $3,855,000.00 for the Newtown Pike Extension Project, the acceptance of which obligates the Urban County Government for the expenditure of $200,000.00 as a local match.
Section 2 - That subject to the provisions of Ordinance No. 22-79, the Mayor is hereby authorized, in her discretion as Chief Executive Officer of the Urban County Government, to transfer the unencumbered balance of any operating or capital account appropriation to another operating or capital account appropriation within the Grant budget established herein.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR