Fiscal Note
The Resolution proposes additional General Obligation debt of $40,000 to be added to the 2008 Traffic Engineering Capital Budget account CE57-58540-810417 (Project No. 9, "Traffic SIgnal Infrastructure.") The result will be an increase in the City's debt service costs of an estimated $5,180 annually for 10 years, starting in 2009.
Title
Approving the installation of a traffic signal at the intersection of Manchester Road and McKee Road and amending the 2008 Traffic Engineering capital budget to include $40,000 for the installation of this traffic signal.
Body
WHEREAS, the Pedestrian, Bicycle/Motor Vehicle Commission on December 18, 2007, recommended installation of a traffic signal at Manchester Road and McKee Road; and
WHEREAS, the 2008 capital budget does not currently include funding for installation of a traffic signal at the Manchester Road and McKee Road intersection.
NOW, THEREFORE BE IT RESOLVED, that Traffic Engineering Division shall proceed to install a traffic signal at the Manchester Road and McKee Road intersection in 2008; and
BE IT FURTHER RESOLVED, that the 2008 Traffic Engineering capital budget account CE57-58540-810417, be amended to include $40,000 for installation of a traffic signal at the Manchester Road and McKee Road intersection.