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WHEREAS, the Commonwealth will provide the $784,848 in funding for the <br />Midtown Corridor/Turnpike Road Project during FY 2017 and the $215,152 in funding <br />for the Paradise Creek Bridge Replacement Project in FY 2018; and <br />WHEREAS, this Ordinance therefore addresses the Freed Funds from the <br />Midtown Corridor/Turnpike Road Project, and the Freed Funds from the Paradise Creek <br />Bridge Replacement Project will be addressed separately, either by a subsequent <br />Ordinance or as part of the adoption of the FY 2018 Budget; <br />NOW, THEREFORE, BE IT ORDAINED by the Council of the City of <br />Portsmouth, Virginia: <br />1. That it hereby authorizes the•transfer of $784,848 from the Midtown <br />Corridor/Turnpike Road Project in the FY 2017 Capital Improvement Program Budget. <br />2. That the funds so transferred are appropriated to the FY 2017 General <br />Fund Operating Budget. <br />3. That revenues in the FY 2017 General Fund Operating Budget are <br />increased by $784,848. <br />4. That expenditures in the FY 2017 General Fund Operating Budget are <br />increased by $784,848. <br />5. That it hereby authorizes the transfer of $784,848 from the General Fund <br />Operating Budget. <br />6. That the funds so transferred are appropriated in the FY 2017 Capital <br />Improvement Program Budget to the Repair of Seawall Project. <br />7. That this ordinance shall take effect on the date of its adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />December 13, 2016. <br />Teste: <br />City Clerk <br />