Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Supplemental Agreement No. 4 with the Ky. Transportation Cabinet, for the acceptance of additional Federal funds in the amount of $913,000 for the construction phase of the Brighton Trail Pedestrian Bridge Project, the acceptance of which obligates the Urban County Government for the expenditure of $182,600 as a local match to be provided by the Ky. Transportation Cabinet through toll credits. [Div. of Engineering, Burton]
Summary
Authorization to execute Supplemental Agreement No. 4 with the Kentucky Transportation Cabinet, accepting additional Federal funds of $913,000 for the Construction phase of the Brighton Trail Pedestrian Bridge Project. Match in the amount of $182,600 is being provided by the Cabinet in the form of Toll Credits. Budget amendment in process. (L0562-20) (Burton/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Brittany Smith, 6/4/20
Risk Management: N/A
Fully Budgeted: Budget Amendment 10708 is in process.
Account Number: 3160-303202-3225-90313
This Fiscal Year Impact: $913,000
Annual Impact:
Project: BRIGHTON_2017
Activity: CONSTRUCTION
Budget Reference:
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. 4, 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 $913,000.00 for the Construction Phase of the Brighton Trail Pedestrian Bridge Project, the acceptance of which obligates the Urban County Government for the expenditure of $182,600.00 as a local match to be provided by the Kentucky Transportation Cabinet through toll credits.
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
0562-20_bgs_X:\CASES\COMDEV\20-LE0002\LEG\00687116.DOCX