Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to amend Resolution 195-2015 to reflect the 20% local match in the amount of $257,600 to be provided by the Ky. Transportation Cabinet through toll credits. [Div. of Grants and Special Programs/Dept. of Planning, Preservation and Development, Gooding/Paulsen]
Summary
Authorization to correct Resolution No. 195-2015 to reflect that the Urban County Government is not obligated to provide matching funds in the amount of $257,600 for design of Phases IV, V, and VI of Town Branch Trail under the Congestion Mitigation and Air Quality (CMAQ) Program. The 20% required local match for the design will be provided by the Kentucky Transportation Cabinet through toll credits. (L0578-15)(Gooding/Paulsen)
Budgetary Implications: No
Advance Document Review:
Law: No
Risk Management: No
Fully Budgeted [select]: NA
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This Fiscal Year Impact: $
Annual Impact: $
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Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That Section 1 of Resolution #195-2015 is amended to read as follows:
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 $1,278,000.00 Federal funds, are for design of Phases IV, V, and VI of the Town Branch Trail under the Congestion, Mitigation and Air Quality Program, and the acceptance of which obligates the Lexington-Fayette Urban County Government for the expenditure of a 20% local match in the amount of $257,600.00, which will be provided by the Kentucky Transportation Cabinet through toll credits.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
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