Title
Resolution to Amend the City Council Approved FY2024 Budget to Accept and Appropriate $247,739 from the Virginia Department of Transportation in additional State of Good Repair Funds to the Capital Fund (Capital Projects Fund) for Three Existing Projects
Purpose
At the City’s request the Virginia Department of Transportation (VDOT) has allocated additional State of Good Repair Funding for three existing projects that City Council has previously approved: Libbey Street Resurfacing Project - West County Street from Woodland Road to Libbey Street ($80,860), Mercury Boulevard West Resurfacing Project - Eastbound Pennwood to Martha Lee Drive ($102,703), and Mercury Boulevard West Resurfacing Project - Westbound Pennwood to Kinsmen Way ($64,176). These projects will enhance transportation within the City of Hampton.
Impact
Net impact of $247,739 in federal and state funds will be added to the Libbey Street Resurfacing Project and two Mercury Boulevard West Resurfacing Projects.
Rec
Approve Resolution
Body
WHEREAS, in accordance with the Virginia Department of Transportation (“VDOT”) project allocation procedures, the City Council must request, by resolution, that VDOT appropriate funds to highway projects in the City of Hampton (“City”);
WHEREAS, the City Council requested and VDOT has agreed to transfer to the City the sum of $247,739 in State of Good Repair funding for the Libbey Street Resurfacing Project, UPC 121039 ($80,860); Mercury Boulevard West Resurfacing Project, UPC 121040 ($102,703); and Mercury Boulevard West Resurfacing Project, UPC 121113 ($64,176), (collectively referred to as the "Projects");
WHEREAS, these funds were not previously included in the Fiscal Year 2024 City Council Approved Budget; and
WHEREAS, VDOT will pay those funds to the City on a reimbursement basis following the expenditure of City funds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY C...
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