AN ORDINANCE ESTABLISHING A PROJECT BUDGET FOR A TRANSPORTATION GRANT (2006-10-23/O-3)

 

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:

 

SECTION I

 

The Urbanized Area Formula Program (Section 5307) funds are from 2006 federal funds from an agreement with the Federal Transit Administration.

 

SECTION II

 

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.

 

SECTION III

 

The following revenue is anticipated to be available to the Town to complete activities as outlined in the project application.

 

Urbanized Area Formula Program (Section 5307)

 

Federal Transit Administration (FTA)

$469,869

N.C. Department of Transportation (NCDOT)

58,734

Town of Chapel Hill (local match)

58,734

Total

$587,337

 

SECTION IV

 

The following amounts are appropriated for the FY 2006 Section 5307 project:

 

Capital Equipment

$587,337

Total

$587,337

 

This the 23rd day of October, 2006.