Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Agreement with the Ky. Transportation Cabinet ("Cabinet") in order to accept a Grant from the Cabinet and the Lexington Area Metropolitan Planning organization ("MPO"), which Grant funds are in the amount of $360,000 in Surface Transportation Block Grant-Lexington (STBG-SLX) Federal funds for the Complete Street Design Standards Project for FY 2024, as part of the MPO'S FY 2021-2024 Transportation Improvement Program, the acceptance of which obligates the Urban County Government to the expenditure of $90,000 as a local match, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Div. of Planning, Duncan]
Summary
Authorization to execute an Agreement for federal funding in the amount of $360,000 from the Kentucky Transportation Cabinet for the Complete Street Design Standards Project for FY2024. Local Grant match in the amount of $90,000 is Budgeted in the FY 2024 General Fund. (L0587-24) (Duncan/Horn)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Ashleigh Bailey, 4/16/2024
Risk Management: N/A
Fully Budgeted: Yes, Budget amendment is in process.
Account Number:
This Fiscal Year Impact: $450,000
Annual Impact: $0
Project: CMPLETE_ST_2024
Activity: FED_GRANT
Budget Reference: 2024
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 ("Cabinet"), attached hereto and incorporated herein by reference, in order to accept a Grant from the Cabinet and the Lexington Area Metropolitan Planning Organization ("MPO"), which Grant funds are in the amount of $360,000.00 in Surface Transportation Block Grant-Lexington (STBG-SLX) Federal funds for th...
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