Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Agreement and accept Federal funds in the amount of $1,500,000 from the Ky. Transportation Cabinet as funded under the National Highway Funds (NH) Program for the design of the Versailles Rd. Corridor Improvement Project, the acceptance obligates LFUCG to $375,000 in local match, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Div. of Engineering, Burton]
Summary
Authorization to execute an Agreement and accept Federal funds in the amount of $1,500,000 from the Kentucky Transportation Cabinet as funded under the National Highway Funds (NH) program for the design of the Versailles Road Corridor Improvement project. The acceptance obligates LFUCG to $375,000 in local match. Budget amendment in process. (L0503-25)(Burton/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Michael Sanner, 5/15/2025
Risk Management: N/A
Fully Budgeted: Budget amendment is in process.
Account Number: 3160-303202-3251-91715 $1,875,000
This Fiscal Year Impact: $1,875,000 Grant/$2,525,000 local funds
Annual Impact:
Project: VERSAILLES_2025
Activity: FED_GRANT
Budget Reference: 2025
Current Balance: Budget amendment 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 and directed to execute an agreement and accept federal funds in the amount of $1,500,000.00 from the Kentucky Transportation Cabinet as funded under the National Highway Funds (NH) program for the design of the Versailles Road Corridor improvement project, the acceptance obligates LFUCG to $375,000.00 in local match.
Section 2 - That subject to the provisions of Section 7-48 of the Lexington-Fayette Urban County Government Code of Ordinances, 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 previously established for this Grant.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
______________________________
MAYOR
ATTEST:
_____________________________-___
CLERK OF URBAN COUNTY COUNCIL
503-25:MRS:4910-0522-8870, v. 1