Title
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)
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
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}