Legislation # 08-0305 Enactment Number none
Type Resolution - Bond Effective Date 7/16/2008
Introduction Date 7/16/2008
Title Resolution Appropriating $115,385 of Developer Payments to the Capital Projects Fund for the Installation of a Traffic Signal at Hardy Cash Drive and Hampton Club Drive
 
Legislation History 08-0305
DateNotice Of ActionDescription
7/16/2008 Approved items 1 through 14 on the consent agenda.
7/3/2008 Received By Clerk's Office
 
View Attachments 08-0305
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Legislation Text 08-0305

 

City of Hampton, Virginia

Resolution - Bond

22 Lincoln Street

Hampton, VA 23669

www.hampton.gov

 

File Number: 08-0305

 

Enactment Number: -

 

Resolution Appropriating $115,385 of Developer Payments to the Capital Projects Fund for the Installation of a Traffic Signal at Hardy Cash Drive and Hampton Club Drive

 

 

 

Whereas, the City previously determined that a traffic signal installation was warranted at the intersection of Hampton Club Drive and Hardy Cash Drive, in order to reduce side street delay at that intersection; and

 

Whereas, the developers of two of the properties near this intersection have paid the City the sum of $115,385 as a pro rata cost share of the proposed traffic signal at the intersection; and

 

Whereas, the City was also able to obtain approximately $67,000 of VDOT Revenue Sharing funds for this traffic signal project; and

 

Whereas, Council had previously approved the location and design of the project and the project was recently bid; and

 

Whereas, the developers funds were deposited into the Capital Improvements -Miscellaneous Revenue account, and these funds now need to be appropriated by Council so that the construction contract can be awarded.

 

Now, therefore, be it resolved that $115,385 of developer payments is hereby appropriated to the Capital Projects Fund for the installation of a traffic signal at Hardy Cash Drive and Hampton Club Drive.

 

 

Adopted at the regular meeting of the City Council of the City of Hampton, Virginia held on July 16, 2008.

 

 

 

Signed by ____________________________ Date _________________

Molly Joseph Ward, Mayor

 

 

 

 

Attested by ____________________________ Date _________________

Katherine K. Glass

Clerk of the Council