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 $480,000 for the Intelligent Transportation System/Congestion Management System (ITS/CMS) Traffic Improvements Project for FY 2025, the acceptance of which obligates the Urban County Government to the expenditure of $120,000 as a local match, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Div. of Traffic Engineering, Neal]
Summary
Authorization to accept an award and execute an Agreement in the amount of $480,000 from the Kentucky Transportation Cabinet (KYTC) for Intelligent Transportation System/Congestion Management System (ITS/CMS) Traffic Improvements Projects for FY 2025, the acceptance of which obligates the government to provide a match in the amount of $120,000. Funds are included in the FY 2025 Mayor's Proposed Budget. (L0634-24) (Neal/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Ashleigh Bailey, 6/10/2024
Risk Management: N/A
Fully Budgeted: FY2025 Budget amendment is in process.
Account Number: 3160-303602-3601-XXXXX
This Fiscal Year Impact: $600,000
Annual Impact: $0
Project: ITS_CMS_2025
Activity: FED_GRANT
Budget Reference: 2025
Current Balance: BA 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 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 $480,000.00 for the Intelligent Transportation System/Congestion Management System (ITS/CMS) Traffic Improvements Project for FY 2025, the acceptance of whi...
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