Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to accept a Grant from the Ky. Transportation Cabinet, which Grant funds are in the amount of $52,000 Federal funds, are for development of the Old Frankfort Pike Corridor Management Plan, the acceptance of which obligates the Urban County Government for the expenditure of $13,000 as a local match to be provided by Lexington-Frankfort Scenic Corridor, Inc., authorizing the Mayor to transfer unencumbered funds within the Grant budget, and directing the Mayor, on behalf of the Urban County Government, to execute an Agreement with Lexington-Frankfort Scenic Corridor, Inc., for management of the project, at a cost not to exceed $52,000.
Summary
REQUEST COUNCIL AUTHORIZATION TO ACCEPT AWARD OF FEDERAL FUNDS FROM KENTUCKY TRANSPORTATION CABINET UNDER THE SCENIC BYWAYS AND HIGHWAYS PROGRAM FOR THE OLD FRANKFORT PIKE CORRIDOR MANAGEMENT PLAN AND TO EXECUTE AGREEMENT WITH LEXINGTON-FRANKFORT SCENIC CORRIDOR, INC., FOR MANAGEMENT OF PROJECT
Budgetary Implications: Yes
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes-See Attached
Account Number:
This Fiscal Year Impact: $
Annual Impact: $65,000
Project:
Activity:
Budget Reference:
Division of Budgeting:
Project: SCENIC_OFP_2012
Current Balance: BA in Process
On March 25, 2010 (Resolution No. 156-2010), Council approved submission of an application to the Kentucky Transportation Cabinet requesting federal funding under the Federal Highway Administration’s National Scenic Byways Program to support the cost of development of the Old Frankfort Pike Corridor Management Plan. Kentucky Transportation Cabinet has approved award in the amount of $52,000 in federal funding for this project. A 20% match in the amount of $13,000 will be provided by the Lexington-Frankfort Scenic Corridor, Inc. Total project cost is $65,000.
An agreement will be entered into with Lexington-Frankfort Scenic Corridor, Inc., f...
Click here for full text