Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Agreement and accept Federal funds in the amount of $1,500,000 from the Ky. Transportation Cabinet as funded under the National Highway Funds (NH) Program for the design of the Versailles Rd. Corridor Improvement Project, the acceptance obligates LFUCG to $375,000 in local match, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Div. of Engineering, Burton]
Summary
Authorization to execute an Agreement and accept Federal funds in the amount of $1,500,000 from the Kentucky Transportation Cabinet as funded under the National Highway Funds (NH) program for the design of the Versailles Road Corridor Improvement project. The acceptance obligates LFUCG to $375,000 in local match. Budget amendment in process. (L0503-25)(Burton/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Michael Sanner, 5/15/2025
Risk Management: N/A
Fully Budgeted: Budget amendment is in process.
Account Number: 3160-303202-3251-91715 $1,875,000
This Fiscal Year Impact: $1,875,000 Grant/$2,525,000 local funds
Annual Impact:
Project: VERSAILLES_2025
Activity: FED_GRANT
Budget Reference: 2025
Current Balance: Budget amendment is 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 and accept federal funds in the amount of $1,500,000.00 from the Kentucky Transportation Cabinet as funded under the National Highway Funds (NH) program for the design of the Versailles Road Corridor improvement project, the acceptance obligates LFUCG to $375,000.00 in local match.
Section 2 - That subject to the provisions of Section 7-48 of the Lexington-Fayette Urban County Government Code of Ordinances, the Mayor is hereby authorized, in...
Click here for full text