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HomeMy Public PortalAbout2006_05_09_r085 The Town of Leesburg, Virginia PRESENTED May 9, 2006 RESOLUTION NO. 2006-85 ADOPTED May 9, 2006 A RESOLUTION: APPROVING THE SYCOLIN ROAD WIDENING PHASE II TOWNNDOT ADMINISTRTIVE AGREEMENT AND AUTHORIZING THE TOWN MANAGER TO EXECUTE THIS AGREEMENT WHEREAS, Town Council approved Resolution No. 2005-104 that authorized a request for matching funds from the Virginia Department of Transportation (VDOT) from the Revenue Sharing Program; and WHEREAS, the Town requested the maximum amount of matching funds at $1 million; and WHEREAS, VDOT approved funding in the amount of $744,920; and WHEREAS, the Town's matching funding is $568,000 from a developer contribution for American Services Excellence at the Airport Commerce Park; and WHEREAS, the Loudoun County Board of Supervisors appropriated additional funds in the amount of $432,000 from the Loudoun County Gasoline Tax at its June 7, 2005 meeting; and WHEREAS, there is a $255,080 shortfall in funding between the requested funding from VDOT and the actual funding approved by VDOT; and WHEREAS, the Town requested an additional $255,080 from the Loudoun County Gasoline Tax; and WHEREAS, this additional funding was not approved by the Loudoun County Board of Supervisors; and WHEREAS, the additional funding would be available from future allocations of Gasoline Tax funding for the Sycolin Road Widening Project; and -2- A RESOLUTION: APPROVING THE SYCOLIN ROAD WIDENING PHASE II TOWNNDOT ADMINISTRTIVE AGREEMENT AND AUTHORIZING THE TOWN MANAGER TO EXECUTE THIS AGREEMENT WHEREAS, the additional fimding will be available when needed for the Phase II project when bids are received. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the Town Manager is authorized to execute the attached TownNDOT Administrative Agreement for the Sycolin Road Widening Phase II Project, Revenue Sharing Program fimding. PASSED this 9th day of Mav 2006. ATTEST: ~~ erk of CouncIl cMuf R06 Sycolin Rd Phase II Town-VOOT Agreement