Minutes 07/27/2010 - Laserfiche WebLink

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July 27.2010 Financial Impact: . The $201,030 increase in funding will be included in the Public Works funds allocated to regular street overlay program in the FY1 0-11 Operating Budget. Recommended Action: . Recommend adoption of an ordinance appropriating $201,030 received from the Virginia Department of Transportation as a supplement to highway maintenance funds to the Public Works paving budget of the FY10-11 operating budget. Vision Principle: Thriving Neighborhoods and a Sense of Community. Next Steps: . Proceed with the FY10-11 Operating budget with the inclusion of the subject funds. 1. Mark Geduldig-Yatrofsky, 2713 Sterling Point Drive, asked that the money be used to extend the hours of public transportation. Motion by Mr. Moody, and seconded by Ms. Psi mas, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE APPROPRIATING THE SUM OF $201,030 IN THE FY 2010-2011 GENERAL FUND IN FUNDS PAID IN LIEU OF TAXES BY THE VIRGINIA DEPARTMENT OF TRANSPORTATION TO ADDRESS THE ADDITIONAL IMPACT ON LOCAL ROADS CAUSED BY VIRGINIA PORT AUTHORITY ACTIVITIES." Ayes: Cherry, Heretick, Moody, Psi mas, Randall, Whitehurst Nays: None 10 - 350 - Adoption of an ordinance appropriating the sum of $357,135 in the FY 2010- 2011 General Fund received from the Virginia Department of Transportation for local street maintenance. Vision Principle: Thriving Neighborhoods and a Sense of Community. Background: . The Virginia Department of Transportation provides funding annually to cities and towns in the form of a designated rate payment per lane mile of approved length of streets in a city. Discussion: . The amount of funds we will receive increased by $604 per lane mile of arterial streets and by $355 per lane mile of collector and local streets. Applying these increases to our lane miles of arterial and local streets results in an increase in funds for FY1 0-11 of $357,135. Financial Impact: . The $357,135 increase in funding will be added to the Department of Public Works FY1 0-11 operating budget for street maintenance in the street overlay program. Recommended Action: . Recommend adoption of an ordinance appropriating $357,135 received from the Virginia Department of Transportation representing the increase in annual highway maintenance funds to the City of Portsmouth for FY10-11. The addition funds will be added to the Public Works FY10-11 operating budget for street maintenance. Vision Principle: Thriving Neighborhoods and a Sense of Community. Next Steps: . The additional funds will be added to the Public Works FY1 0-11 operating budget for street maintenance. . Proceed with the FY10-11 Operating budget with the inclusion of the subject funds.