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 authorization for the purchase of right-of-way necessary for Section II of the Todds/Liberty Rd. Improvement Project and authorizing the Mayor, on behalf of the Urban County Government, to execute Certificates of Consideration and other necessary documents, and to accept Deeds for property interests needed for Section II of Todds/Liberty Rd. Improvement Project, at a cost not to exceed $1,000,000. [Div. of Grants and Special Programs/Dept. of Planning, Preservation and Development, Gooding/Paulsen]
Summary
Authorization to execute Supplemental Agreement No. 4 with the Kentucky Transportation Cabinet for purchase of right-of-way for Section II of the Todds/Liberty Road Improvement Project and to accept fee simple right-of-way and temporary construction easements from owners of record. (L0643-13) (Gooding/Paulsen)
This is a request to execute Supplemental Agreement No. 4 with the Kentucky Transportation Cabinet for purchase of right-of-way for Section II of the Todds/Liberty Road Improvement Project and to accept fee simple right-of-way and temporary construction easements from owners of record for an amount not to exceed $1,000,000. Funds are budgeted.
Budgetary Implications: YES
Advance Document Review: Law/Risk Management
Fully Budgeted: YES
Account Number: 3160-303202-3211-91715
This Fiscal Year Impact: $1,000,000
Annual Impact: $
Project: LIBERTYTD_2005
Activity: MS_GRANT
Budget Reference: 2005
Current Balance: $ 6,246,223.29
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 authorization for the purchase of Right-of-Way necessary for Section II of the Todds/Liberty Road Improvement Project.
Section 2 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute Certificates of Consideration and other necessary documents, and to accept deeds for property interests needed for Section II of the Todds/Liberty Road Improvement Project.
Section 3 - That an amount, not to exceed the sum of $1,000,000.00, be and hereby is approved for payment to property owners, plus usual and appropriate closing costs, all from account #3160-303202-91715 at the time of closing.
Section 4 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
_____________________________
CLERK OF URBAN COUNTY COUNCIL