Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute Cost Sharing Agreement-Revision No. 1 with Transylvania University for sidewalk reconstruction associated with the Ky. Transportation Cabinet Fourth St. Improvements Project increasing the amount authorized from $220,000 to an amount not to exceed $400,000. [Div. of Engineering, Frazier]
Summary
Authorization to execute Revision No. 1 to Cost Sharing Agreement with Transylvania University for sidewalk reconstruction along a portion of West Fourth Street. (L1174-13) (Frazier/Paulsen)
This is a request to execute Revision No. 1 to Cost Sharing Agreement with Transylvania University for sidewalk reconstruction along a portion of West Fourth Street to increase the amount authorized from $220,000 to $400,000. The increase is due to an additional amount of sidewalk construction needed along the south side of West Fourth Street. Funds are budgeted.
Budgetary Implications: Yes
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes
Account Number: 1136-303202-3251-91715
This Fiscal Year Impact: $ 400,000.00
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance: $542,564.11 remaining with $220,000 already spent for this purpose.
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 Cost Sharing Agreement-Revision No. 1, which is attached hereto and incorporated herein by reference, with Transylvania University for sidewalk reconstruction associated with the Kentucky Transportation Cabinet Fourth Street Improvements Project.
Section 2 - That an amount, not to exceed the sum of $400,000.00, be and hereby is approved for payment from account # 1136-303202-91715, pursuant to the terms of the Cost Sharing Agreement-Revision No. 1.
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
PUBLISHED: