NUMB:
971544
VERS:
SUBSTITUTE
REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution authorizing and directing the Commissioner of Public Works to execute agreements with the Wisconsin Department of Transportation for funding for local street improvements under the Local Roads Improvement Program and authorizing the transfer of funds from the Street Improvement - State and/or Federal Aid Program to the Street Reconstruct or Resurface Program - Regular City Program.
ANLS:
- Analysis -
This substitute resolution authorizes and directs the Commissioner of Public Works to execute State/Municipal Agreements with the Wisconsin Department of Transportation (WISDOT) for funding for local street improvements under the Local Roads Improvement Program. The Local Roads Improvement program provides for 50% reimbursement for eligible costs. In 1998-99, the City will be entitled to receive reimbursement up to a maximum amount of $793,174. City construction funds for projects undertaken under the LRIP program will be established in future resolutions. This substitute resolution also will authorize the City Comptroller to transfer funds from the Street Improvement - State and/or Federal Aid Program Account as originally budgeted in the 1998 Capital Improvement Program to the Street Reconstruct or Resurface Program - Regular City Program Account for projects to be undertaken under the Local Roads Improvement Program (LRIP) in 1998. This transfer is necessary in order to increase the flexibility in billing the State for eligible costs of the LRIP program. This substitute resolution further specifies that only project contractual expenditures are to be billed toward the LRIP grant amount and that the City Comptroller will make a memorandum entry at the completion of the LRIP program projects to
record the transactions in the Street Improvement - State and/or Federal Aid Program.
BODY:
Whereas, State Statute 86.31 establishes a Local Roads Improvement...
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