Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute Supplemental Agreement No. 2 (Two) with the Ky. Transportation Cabinet, for the acceptance of additional Federal grant funds, which Grant funds are in the amount of $500,000, under the Transportation Alternatives Program (TAP), are for the Construction Phase of the Town Branch Commons Trail Zone 2, the acceptance of which obligates the Urban County Government for the expenditure of $125,000 as a local match, to execute all necessary documents required for the acceptance of those funds, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Mayor's Office, Peacher]
Summary
Authorization to execute Supplemental Agreement #2 with the Kentucky Transportation Cabinet accepting Federal funds of $500,000 for the construction phase of the Town Branch Commons Trail, the acceptance of which obligates the government to provide match of $125,000. Funds are Budgeted and Budget amendments are in process. (L0216-05) (Peacher/Scott)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: Yes, Completed by Melissa Moore Murphy, 2/10/2020
Risk Management: N/A
Fully Budgeted [select]: Budget Amendments 10538 and 10539 are in process
Account Number: 3160-303202-3225-91715
This Fiscal Year Impact: $625,000
Annual Impact: $0
Project: TOWN_LEX_2016
Activity: CONSTRUCTION
Budget Reference:
Current Balance: BA 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 (Two) with the Kentucky Transportation Cabinet, for the acceptance of additional Federal grant funds, which Grant funds are in the amount of $500,000 Federal funds, under the Transportation Alternatives Program (TAP), are for the Construction Phase of the Town Branch Commons Trail Zone 2, the acceptance of which obligates the Lexington-Fayette Urban County Government for the expenditure of $125,000 as a local match and to execute all necessary documents required for the acceptance of those funds.
Section 2 - That subject to the provisions of Ordinance No. 22-79, the Mayor is hereby authorized, in her discretion as Chief Executive Officer of the Urban County Government, to transfer the unencumbered balance of any operating or capital account ap-propriation to another operating or capital account appropriation within the Grant budget previously established for this Grant.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
____________________________________
MAYOR