Agenda item # 7

 

RESOLUTION

OF THE

COMMONWEALTH TRANSPORTATION BOARD

 

March 18, 2015

 

MOTION

 

Made By:       Seconded By:  

 

Action:  

 

Title: Revenue Sharing Reallocation

City of Danville – Danville Train Station Phase V

 

 

            WHEREAS, Section 33.2-357 of the Code of Virginia (1950), as amended (“Code”) prescribes that from funds made available by the General Assembly, the Commonwealth Transportation Board (CTB) may make an equivalent matching allocation to any locality for the improvement, construction, reconstruction or maintenance of the highway systems within such locality; and

 

            WHEREAS, the governing body of the City of Danville elected to participate in this program for Fiscal Year 2013, and, with the Virginia Department of Transportation (VDOT), identified specific eligible items of work to be financed from the special fund account; and

 

            WHEREAS, the governing body of the City of Danville has, by appropriate resolution, requested the Danville Train Station Phase V (UPC 105306) project to be established as a revenue sharing project; and

 

            WHEREAS, the governing body of the City of Danville has, by appropriate resolution, requested that the funds set forth herein be transferred to the Danville Train Station Phase V (UPC 105306) for specific eligible items of work, as indicated herein; and

 

            WHEREAS, these items of work fall within the intent of § 33.2-357 of the Code, and comply with the CTB’s guidelines for the use of such funds.


 

NOW, THEREFORE, BE IT RESOLVED, that the Commonwealth Transportation Board hereby approves the transfer of these funds as indicated herein.

 

Reallocation of Funds Pursuant to

Section 33.2-357 of the Code of Virginia

 

Fiscal Year of Revenue Sharing Allocation

Locality   Match

State
Match

Original Project Number (UPC)

New Project Number (UPC)

Scope of Work for New Project

Town of Danville

 

 

 

 

 

2012-13

$100,000

$100,000

102938

105306

Install Pedestrian Crosswalk

 

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