Title
Approval of a Resolution to accept High Priority Project (HPP) funding of $400,000 for the Holcomb Bridge Road Corridor Study project and approval of Budget Amendment 4270G1-10-25-10 in the amount of $400,000.
Presented by Steve Acenbrak, Director
Body
Item Summary
The City of Roswell has received approval from GDOT to utilize High Priority Project funding of $400,000 for the Holcomb Bridge Road Corridor Study. The estimated cost of the project is $500,000. Federal funds account for $400,000 and City matching funds account for $100,000. City funds in the amount of $100,000 are budgeted in FY 2011 for the Holcomb Bridge Road Corridor Study. The Budget Amendment will appropriate the HPP funds in the amount of $400,000 bringing the total funds available for this project to$500,000.
Committee or Staff Recommendation:
On September 29, 2010 the Community Development & Transportation Committee recommended placing this item on the Mayor and Council Agenda.
Financial Impact:
Currently $100,000 is approved and available in project Holcomb Bridge Road Corridor Study, Cost Center 4210CP, Account Number 541415, Project Number 11TRA003. Approval of Budget Amendment 4270G1-10-25-10 will establish Cost Center 4270G1 with available funds of $400,000 for Project Number 11TRA003, Account Number 541415.
Presented by:
Steven D. Acenbrak, P.E., LEED AP, Director of Transportation