Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Supplemental Agreement No. 1 with the Ky. Transportation Cabinet for acceptance of $356,000 in additional Federal funds, under the surface transportation Program (SLX), for the design phase of the Liberty Rd. Improvements Project, the acceptance of which obligates the Urban County Government to the expenditure of $89,000 as a local match, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget for these Grants. [Div. of Engineering, Burton]
Summary
Authorization to execute Supplemental Agreement No. 1 with the Kentucky Transportation Cabinet (KYTC) to accept additional federal Surface Transportation Program (SLX) funds in the amount of $356,000 for the design phase of the Liberty Road Improvements Project, as funded under the KYTC SLX Program for capital improvements projects. Acceptance of these funds will also require $89,000 in local match. Budget amendment in process. (L0130-24) (Burton/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Ashleigh Bailey, 1/29/2024
Risk Management: N/A
Fully Budgeted: Budget amendment is in process.
Account Number: 3160-303202-3251-91715
This Fiscal Year Impact: $445,000
Annual Impact: $0
Project: LIBERTY_RD_2022
Activity: DESIGN
Budget Reference: 2022
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 Supplemental Agreement No. 1 with the Kentucky Transportation Cabinet for the acceptance of $356,000.00 in additional Federal funds under the Surface Transportation Program (SLX) for the design phase of the Liberty Road Improvements Project, the acceptance of which obligates the Lexington-Fayette Urban County Government to the expenditure of $89,000.00 a...
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