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HomeMy WebLinkAbout20A - ACCEPT FED FUNDS-BRISTOL WIDENING REQUEST FOR COUNCIL ACTION ~ ~ 4' CITY COUNCil MEETING DATE: CLERK OF COUNCil USE ONLY: AUGUST 15, 2005 TITLE: APPROPRIATION ADJUSTMENT ACCEPTING FEDERAL FUNDS FOR BRISTOL STREET WIDENING APPROVED o As Recommended o As Amended o Ordinance on 1 st Reading o Ordinance on 2nd Reading o Implementing Resolution o Set Public Hearing For / 4- ~-L 1V.t...~ / / CITY MANAG / / V CONTINUED TO FILE NUMBER RECOMMENDED ACTION Approve an appropriation adjustment accepting Federal funds amount of $6,221,000 into the Select Street Construction fund no. 59-01-5342) and appropriating funds to the Select Construction fund (account no. 59-551-6631) for the Bristol Widening project between Third & Pine Streets. in the (account Street Street DISCUSSION In the 1998 Transportation Bill, the City received Federal Demonstration grant funds in the amount of $5.25 million earmarked for the Bristol Street Corridor. In Fiscal Year 2003/2004 the City received National Corridor Planning and Development Program grant funds in the amount of $971,000. wi th the implementation of the Bristol Street Widening from Pine to Third Streets, the right of way acquisition phase is in progress. An appropriation adjustment is needed to recognize these funds for use in this project. The funds will be used for right of way acquisitions necessary for the Bristol Street Widening. The acquisitions are scheduled to be completed in late 2005. ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. 20A-1 Appropriation Adjustment Accepting Federal Funds For Bristol Street Widening August 15, 2005 Page 2 FISCAL IMPACT Funds in the amount of $6,221,000 will be deposited into the Select Street Construction fund (account no. 59-01-5342) and appropriated to the Select Street Construction fund (account no. 59-551-6631, project no . 1819). APPROVED AS TO FUNDS AND ACCOUNTS: ~~~ .--/J, James G. Ross ~IV Executive Director Public Works Agency ~\\1'\.\\\~~[' A ) ~~. Q Francisco Gutierrez Executive Director Finance & Management Services AgenC~ 20A-2