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R-06-22 A RESOLUTION REQUESTING THAT THE VIRGINIA DEPARTMENT OF TRANSPORTATION TRANSFER $1,489,840 PREVIOUSLY ALLOCATED IN ITS FY 2005-2006 REVENUE SHARING PROGRAM FROM THE TIDEWATER COMMUNITY COLLEGE STREET INFRASTRUCTURE PROJECT TO THE VICTORY BOULEVARD IMPROVEMENTS PROJECT. WHEREAS, in FY 2005 - 2006 the City of Portsmouth elected to participate in the Virginia Department of Transportation (VDOT) Revenue Sharing Program for the Tidewater Community College Street Infrastructure project (UPC 78833) with a $744,920 city match and a $ 744,920 state match; and WHEREAS, the Tidewater Community College Street Infrastructure project has not yet started, and there is a balance offunds remaining of$ 1,489,840 consisting of the above-referenced city and state matches; and WHEREAS, the City of Portsmouth desires to adopt the following roadway construction project as a revenue sharing project: Victory Boulevard Improvements from Cavalier Boulevard to Greenwood Drive (UPC 51863), and WHEREAS, the City of Portsmouth desires that VDOT transfer the previously allocated $744,920 city share and $744,920 VDOT share from Tidewater Community College Street Infrastructure project # UOOO-124-R45, PEIOI, C501 (UPC 78833) to Victory Boulevard Improvements Project # UOOO-124-136, PIOI, R201, C501 (UPC 51863), NOW THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, Virginia that it hereby requests that the Virginia Department of Transportation transfer previously allocated revenue sharing funds totaling $1,489,840 from Tidewater Community College Street Infrastructure Project #UOOO-124-R45, PEIOI, C501 (UPC 78833) to Victory Boulevard Improvements Project UOOO-124-136, PIOl, R201, C501 (UPC 51863), ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held on April 11, 2006, Teste: City Clerk