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 $424,000 Federal Funds, are for fiber optic cable installation, the acceptance of which obligates the Urban County Government for the expenditure of $106,000 as a local match, and authorizing the Mayor to transfer unencumbered funds within the Grant budget. [Div. of Grants and Special Programs, Gooding]
Summary
Authorization to accept award in the amount of $424,000 from the Kentucky Transportation Cabinet for fiber optic cable installation for improvements to traffic signal system network along Man o' War Boulevard from Nicholasville Road (U.S. 27) westward to Fort Harrods Drive, approximately 4.5 miles and along Clays Mill Road from Twain Ridge Road to Keithshire Way, approximately 1.2 miles. Required matching funds of 20% ($106,000) will come from the Division of Traffic Engineering's FY 2016 general fund Budget. Budget amendments are in the process. Funding for future years is dependent upon availability of federal funding. (L0352-16) (Gooding)
Budgetary Implications: Yes
Advance Document Review: No
Fully Budgeted: BAs 7325 and 7326 in process
Account Number: 3160-303602-3605-4XXXX
This Fiscal Year Impact: $530,000.00
Annual Impact: $
Project: FIBEROPT_2016
Activity: FED_GRANT
Budget Reference: 2016
Current Balance: BAs 7325 and 7326 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 accept a grant from the Kentucky Transportation Cabinet, which Grant funds are in the amount of $424,000.00 Federal funds, are for fiber optic cable installation, and the acceptance of which obligates the Lexington-Fayette Urban County Government for the expenditure of $106,000.00 as...
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