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<br />R-05-23 <br /> <br />. <br /> <br />A RESOLUTION REQUESTING THE ALLOCATION OF FUNDS THROUGH <br />THE VIRGINIA DEPARTMANT OF TRANSPORTATION FISCAL YEAR 2005- <br />2006 LOCAL PARTNERSHIP FUND. <br /> <br />WHEREAS, the City Council of the City of Portsmouth desires to submit an <br />application for an allocation of funds up to $3,854,760 through the Virginia Department <br />of Transportation Fiscal Year 2005-2006 Local Partnership Fund; and <br /> <br />WHEREAS, the City Council of the City of Portsmouth has identified a <br />qualifying project for which federal funding can be replaced by state funding and agrees <br />to manage and administer this project, and <br /> <br />WHEREAS, $3,854,760 of these funds are requested to replace federal funds on <br />Victory Boulevard Project #UOOO-124-136, C50I, PIOl, R201, and <br /> <br />WHEREAS, $3,854,760 of the replaced funds are to be transferred to a City <br />project involving improvements to Cavalier Boulevard and McLean Street in the <br />Portsmouth Commerce Park. In the alternative, the Pinners Point project has also been <br />found to be a qualifying project to which the replaced funds, or a portion thereof, may be <br />transferred. <br /> <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of <br />Portsmouth hereby supports this application for an allocation of $3,854,760 through the <br />. Virginia Department of Transportation Local Partnership Fund. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on June 14,2005. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br />. <br />