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 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 2024, 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 award and execute Agreement in the amount of $480,000 from the Kentucky Transportation Cabinet (KYTC) for Intelligent Transportation System/Congestion Management System (ITS/CMS) Traffic Improvements Project for FY 2024, the acceptance of which obligates the government to provide match in the amount of $120,000. Budget Amendment in process. (L0713-23) (Neal/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Ashleigh Bailey, 6/23/2023
Risk Management: N/A
Fully Budgeted: Budget amendment in process.
Account Number: 3160-303602-3601-XXXXX
This Fiscal Year Impact: $600,000
Annual Impact: $0
Project: ITS_CMS_2024
Activity: FED_GRANT
Budget Reference: 2024
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, 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 2024, the acceptance of which obligates the Lexington-Fayette Urban County Government to the expenditure...
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