Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Cost Sharing Agreement with Transylvania University for sidewalk reconstruction associated with the Ky. Transportation Cabinet Fourth Street Improvements Project at a cost not to exceed $220,000. [Div. of Engineering, Frazier]
Summary
Authorization to execute Reimbursement Agreement with Transylvania University for Fourth Street improvements. (L0703-13) (Frazier/Paulsen)
This is a request to execute Reimbursement Agreement with Transylvania University for an amount not to exceed $220,000 for Fourth Street improvements. Funds are budgeted.
Budgetary Implications: Yes
Fully Budgeted: Yes
Account Number: 1136-303202-3251-91715
This Fiscal Year Impact: $ 220,000.00
Current Balance: $ 2,051,662.35
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 to execute a Cost Sharing Agreement, which is attached hereto and incorporated herein by reference, with Transylvania University for sidewalk reconstruction associated with the Kentucky Transportation Cabinet Fourth Street Improvements Project.
Section 2 - That an amount, not to exceed the sum of $220,000.00, be and hereby is approved for payment from account # 1136-303202-91715, pursuant to the terms of the Cost Sharing Agreement.
Section 3. - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL