BE IT ORDAINED by the Council of the Town of Chapel Hill that, pursuant to Section 13.2 of Chapter 159 of the General Statutes of North Carolina, the following grant project is hereby established:
The Transit Capital Investment Program (Section 5309) funds are from 2006 federal funds from the Federal Transit Administration.
The Manager of the Town of Chapel Hill is hereby directed to proceed with the implementation of the project within the terms of the grant agreements executed with the Federal Transit Administration and the North Carolina Department of Transportation within the funds appropriated herein.
The following revenue is anticipated to be available to the Town to complete activities as outlined in the project application.
Transit Capital Investment Program (Section 5309)
|
Federal Transit Administration (FTA) |
$742,500 |
|
N.C. Department of Transportation (NCDOT) |
71,566 |
|
Town of Chapel Hill (local match) |
80,512 |
|
Total |
$894,578 |
The following amounts are appropriated for the FY 2006 Section 5309 project:
|
Capital Equipment |
$894,578 |
|
Total |
$894,578 |
This the 11th day of September, 2006.