Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute an Agreement with the Ky. Transportation Cabinet to accept a Grant of $480,000 in Federal funds from the Ky. Transportation Cabinet Surface Transportation Program (SLX), for the design phase of the North Limestone Improvements Project, the acceptance of which obligates the Urban County Government to the expenditure of $120,000 as a local match, and authorizing the Mayor to transfer unencumbered funds within the Grant Budget. [Div. of Engineering, Burton]
Summary
Authorization to execute an Agreement and accept Federal funds in the amount of $480,000.00 for the design phase of the North Limestone Improvements Project, as funded under the Kentucky Transportation Cabinet Surface Transportation Program (SLX) for capital improvements projects. Local match in the amount of $120,000.00 is required. Budget amendment in process. (L0867-22) (Burton/Albright)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by Brittany Smith, 8-22-2022
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted: Budget amendment 11838 in process
Account Number: 3160 303202 3251 91715
This Fiscal Year Impact: $600,000
Annual Impact: $0
Project: NLIMESTONE_2023
Activity: DESIGN
Budget Reference: 2022
Current Balance: Budget amendment 11838 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 an Agreement, which is attached hereto and incorporated herein by reference, with the Kentucky Transportation Cabinet to accept a Grant of $480,000.00 in Federal funds from the Kentucky Transportation Cabinet Surface Transportation Program (SLX), for the design phase of the North Limestone Improvements Project, the acceptance of which obligates the Lexington-Faye...
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