Fiscal Note
This Resolution will provide the authority for the expenditure of already available funds of up to $1,000,000 for Street Light Infrastructure; $650,000 for URD/UCD street lighting; $925,000 for Traffic Signal Infrastructure and; $450,000 for Semi-Permanent Pavement Marking. There is no impact on the levy.
Title
Authorizing an amendment of the Traffic Engineering 2005 Capital Budget Project # 1 "Street Light Infrastructure," (Account # 810411) to authorize total expenditures of up to $1,000,000 from available funds; Project #2, "URD/UCD Street Lighting," (Account #810412) to authorize total expenditures of up to $650,000 from available funds; Project #7, "Traffic Signal Infrastructure" (Account #810417) to authorize total expenditures of up to $925,000 from available funds; Project #11, and "Semi-Permanent Pavement Marking" (Account #810436) to authorize total expenditures of up to $450,000 from available funds.
Body
WHEREAS, the 2005 Adopted Traffic Engineering Budget includes a Street Light Infrastructure project (Project #1, page 276, Account #810411) with expenditure authority of $400,000 in available funds; a "URD/UCD Street Lighting" project (Project #2, page 276, Account #810412) with expenditure authority of $160,000 in available funds; a Traffic Signal Infrastructure project (Project #7, page 277, Account #810417) with the expenditure authority of $299,500 in available funds; and, a Semi-Permanent Pavement Marking project (Project #11, page 278, Account 810436) with the expenditure authority of $120,000.
WHEREAS, the Street Light Infrastructure fund is intended to provide funding for the installation of street lights in projects and the additional requested expenditure authority would be offset by grants and other revenues.
WHEREAS, the URD/UCD Street Lighting fund is intended to provide funding to install street lighting in newly developed and reconstructed areas where electrical power lines are underground, and whe...
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