Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Supplemental Agreement No. 2 with the Ky. Transportation Cabinet, for the acceptance of additional Federal Funds in the amount of $1,056,000 for the Clays Mill Rd. Improvement Project Right of Way Phase of Section 1, the acceptance of which obligates the Urban County Government for the expenditure of $264,000 as a local match. [Div. of Grants and Special Programs, Gooding]
Summary
Authorization to execute Supplemental Agreement No. 2, accepting additional federal funding in the amount of $1,056,000 from the Kentucky Transportation Cabinet for the Right of Way Phase of Section I of the Clays Mill Road Improvements Project. A 20% local match in the amount of $264,000.00 is required and will come from Fund 1136 (MAP). Budget amendments are in the process. (L0307-16) (Gooding)
Budgetary Implications: Yes
Advance Document Review: No
Fully Budgeted: BAs 7292 and 7293 are in process
Account Number: 3160-303202-3251-91715
This Fiscal Year Impact: $1,320,000.00
Annual Impact: $
Project: CLY_ML_2015
Activity: STA_GRANT
Budget Reference: 2015
Current Balance: BAs 7292 and 7293 are 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. 2, 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 $1,056,000.00 for the Clays Mill Road Improvement Project Right of Way Phase of Section 1, the acceptance of which obligates the Urban County Government for the expenditure of $264,000.00 as a local match.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
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