Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Supplemental Agreement No. 3 with the Ky. Transportation Cabinet, for the acceptance of additional Federal funds in the amount of $164,000 for the construction phase of the Rose Street Bike Lane Project, the acceptance of which obligates the Urban County Government for the expenditure of $41,000 as a local match. [Div. of Grants and Special Programs/Dept. of Planning, Preservation and Development, Gooding/Paulsen]
Summary
Authorization to execute Supplemental Agreement No. 3 with Commonwealth of Kentucky Transportation Cabinet for Construction Phase of Bike Lane on Rose Street. (L0646-14) (Gooding/Paulsen)
This is a request to execute Supplemental Agreement No. 3 with Commonwealth of Kentucky Transportation Cabinet accepting additional federal funds in the amount of $164,000 for Construction Phase of Bike Lane on Rose Street. A local match of $41,000 is required. This increase brings the total project cost to $261,450 ($209,000 federal funds plus $52,450 local match). Budget amendment is in process.
Budgetary Implications: YES
Advance Document Review: Law/Risk Management
Fully Budgeted: Budget Amendment in Process
Account Number: 3160-303202-3225-90313
This Fiscal Year Impact:
Annual Impact: $205,000
Project: ROSESTBK_2008
Activity:
Budget Reference:
Current Balance: Budget Amendment 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. 3, which is attached hereto and incorporated herein by reference, with the Kentucky Transportation Cabinet, for the acceptance of additional Federal funds in the amount of $164,000.00 for the construction phase of the Rose Street Bike Lane Project, the acceptance of which obligates the...
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