Title
A Resolution authorizing and directing the Mayor, on behalf of the Lexington-Fayette Urban County Government, to execute Amendment No. 5 to the TIGER Agreement with the U.S. Dept. of Transportation, which will modify the Budget for the Town Branch Commons Project and moves remaining funds from the option phase to the base phase, pending Federal approval. [Office of the Mayor, Peacher]
Summary
Authorization to execute amendment No. 5 of the TIGER Agreement with the U.S. Department of Transportation for the Town Branch Commons Project that recognizes and accepts modifications to update the Budget to reflect actual and final estimated project costs and move remaining funds from the option phase to the base phase, pending FHWA approval. Federal funds and Grant match have been Budgeted. (L0197-24) (Peacher/Scott)
Budgetary Implications: NO
Advance Document Review:
Law: Yes, Completed by David Barberie, 2/6/2024
Risk Management: N/A
Fully Budgeted: Yes
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
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 Amendment No. 5, which is attached hereto and incorporated herein by reference, to the TIGER Agreement with the U.S. Department of Transportation, which will modify the Budget for the Town Branch Commons Project and move funds from the option phase to the base phase, pending federal approval.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
__________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0197-24:ANB:4876-0013-7641, v. 1