Loading...
HomeMy Public PortalAbout2010_04_27_R043 Amend #2 Downtown Street Lights ProjectThe Town o f ~~~~~~~~ PRESENTED Apri127, 2010 RESOLUTION N0.2010-043 ADOPTED Apri127, 2010 A RESOLUTION: AUTHORIZING THE TOWN MANAGER TO EXECUTE AMENDMENT N0.2 TO THE EXISTING TOWN/VDOT ADMINISTRATIVE AGREEMENT FOR THE DOWNTOWN STREETLIGHT PROJECT WHEREAS the Town entered into an agreement with the Virginia Department of Transportation on July 16, 2007 for $200,000 of FY 2006 Transportation Enhancement funds for a project to replace existing streetlights in portions of the downtown area with more historically appropriate light fixtures; and WHEREAS, the Town executed Amendment No. 1 to the agreement on July 14, 2009 to increase the federal amount of the agreement to $400,000 to reflect additional Transportation Enhancement funding for FY 2008; and WHEREAS, the Town applied for additional Transportation Enhancement funding in FY 2009 as authorized by Resolution No. 2008-157; and WHEREAS, on June 18, 2009, the Virginia Commonwealth Transportation Board approved FY 2009 Transportation Enhancement funding for the project in the amount of $200,000; and WHEREAS, the Transportation Enhancement funding requires a minimum matching funding from the Town of $150,000 or 20% of the revised total project cost of $750,000 as outlined below; Grant Fiscal Year VDOT Funding (80%) Town Funding (20%) Total (100%) FY 2006 $200,000 $50,000 $250,000 FY 2008 $200,000 $50,000 $250,000 FY 2009 $200,000 $50,000 $250,000 Total Grants $600,000 $150,000 $750,000 -2- A RESOLUTION: AUTHORIZING THE TOWN MANAGER TO EXECUTE AMENDMENT N0.2 TO THE EXISTING TOWN/VDOT ADMINISTRATIVE AGREEMENT FOR THE DOWNTOWN STREETLIGHT PROJECT and WHEREAS, the Town's approved FY 2010 budget includes a total of $210,000 in bond money in for this project through FY 2010 including prior year funding; and WHEREAS, an amendment to the existing Town/VDOT Administrative Agreement is necessary for the Town to receive these additional funds. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the Town Manager is authorized to execute the attached Town/VDOT Administrative Agreement Amendment No. 2 for the Downtown Streetlight Project under the Transportation Enhancement Program. PASSED this 27~' day of Apri12010. s n C. mstattd, Mayor Town of Leesburg ATTEST: ,~~,~ /~ ~ Clerk of Cell P:\ltesolutions\Resolutions 2010\0427 Downtown Streetlight Project.doc