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HomeMy Public PortalAbout2019_09_10_R126 Supplemental Appropriation from the Virginia Department of Transportation Fiscal Years 2019 and 2020 Revenue Sharing Program for Street ResurfacingThe Town of Leesburg, Virginia PRESENTED: September 10, 2019 RESOLUTION NO. 2019-126 ADOPTED: September 10, 2019 A RESOLUTION: AUTHORIZING A SUPPLEMENTAL APPROPRIATION IN THE AMOUNT OF $1,000,000 FROM THE VIRGINIA DEPARTMENT OF TRANSPORTATION REVENUE SHARING PROGRAM FOR STREET RESURFACING WHEREAS, the Virginia Department of Transportation (VDOT) has authorized Revenue Sharing Program funds in the amount of $1,000,000 for Fiscal Years 2019 and 2020; and WHEREAS, the VDOT Revenue Sharing Program provides funding to local governments to construct, improve, or maintain the highway system within that jurisdiction; and WHEREAS, the Town of Leesburg submitted an application for milling and resurfacing of various streets within the Town to be funded through the VDOT Revenue Sharing Program in the amount of $500,000 for Fiscal Year 2019 and $500,000 for Fiscal Year 2020 to be matched with $1,000,000 in local funding; and WHEREAS, the Town budget provides for street milling and resurfacing in excess of the amount that is reimbursed through normal VDOT street maintenance payments; and WHEREAS, the local funds spent on street resurfacing can be used to match VDOT Revenue Sharing funds which will allow for street resurfacing at a reduced cost to the Town; and WHEREAS, VDOT approved the applications for $500,000 each for Fiscal Years 2019 and 2020 in early Fiscal Year 2020; and WHEREAS, the Town of Leesburg has approved an agreement to receive funding in the amount of $1,000,000 for street resurfacing through the VDOT Revenue Sharing Program; and -2- A RESOLUTION: AUTHORIZING A SUPPLEMENTAL APPROPRIATION IN THE AMOUNT OF $1,000,000 FROM THE VIRGINIA DEPARTMENT OF TRANSPORTATION REVENUE SHARING PROGRAM FOR STREET RESURFACING WHEREAS, a supplemental appropriation in the amount of $1,000,000 must be approved to pay the invoices that will be reimbursed by VDOT. THEREFORE, RESOLVED, by the Council of the Town of Leesburg in Virginia as follows: The Town Council authorizes a supplemental appropriation in the amount of $1,000,000 to the Department of Public Works and Capital Projects budget for milling and paving of streets that meet the condition requirements established by VDOT for this funding. PASSED this 10th day of September, 2019. Kelly B9 k, M Town of Leesb ATTEST: Clerk of Council LF\LeesburgRMS1Town_Clerk\Resolutions\2019\0910 Supplemental Appropriation from the Virginia Department of Transportation Fiscal Years 2019 and 2020 Revenue Sharing Program for Street Resurfacing