Title
A Resolution authorizing and directing the Mayor, on behalf of the Lexington-Fayette Urban County Government, to execute an Agreement with the Ky. Transportation Cabinet (KYTC) for the acceptance of Federal funds, which Grant funds are in the amount of $1,200,000 for the design of Phase III of the Newtown Pike Extension Project, the acceptance of which obligates the Urban County Government to the expenditure of $300,000 as a local match, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Div. of Engineering, Burton]
Summary
Authorization to execute an Agreement with the Kentucky Transportation Cabinet to accept Federal funds in the amount of $1,200,000 for the design of Phase III of the Newtown Pike Extension Project. The acceptance obligates the LFUCG to the expenditure of $300,000 in local match. Budget amendment is in process. (L1191-24) (Burton/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Evan Thompson, 11/12/2024
Risk Management: No
Fully Budgeted: Budget amendment is in process.
Account Number: 3160-303202-3251-91715
This Fiscal Year Impact: $ 1,500,000.00
Annual Impact: $0
Project: NEWTOWNPK_2025
Activity: DESIGN
Budget Reference: 2025
Current Balance:
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 with the Kentucky Transportation Cabinet (KYTC), which is attached hereto and incorporated herein by reference, for the acceptance of Federal funds in the amount of $1,200,000.00 for the design of Phase III of the Newtown Pike Extension Project, the acceptance of which obligates the Lexington-Fayette Urban County Government to the expenditure of $300,000.00 as a local match.
Section 2 - That subject to the provisions of Section 7-48 of the Lexington-Fayette Urban County Government Code ...
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