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To authorize the Chief Administrative Officer, for and on behalf of the City of Richmond, to accept funds in the total amount of $459,720.00 from the Virginia Department of Transportation, to amend Ord. No. 2023-073, adopted May 8, 2023, which accepted a program of proposed Capital Improvement Projects for Fiscal Year 2023-2024 and the four fiscal years thereafter, adopted a Capital Budget for Fiscal Year 2023-2024, and determined a means of financing the same, to appropriate the increase to the Fiscal year 2023-2024 Capital Budget by increasing estimated revenues and the amount appropriated to the Department of Public Works’ New Traffic Control Signals Project in the Transportation - G.O. Bonds category by $459,720.00 for the purpose of providing new traffic control devices at certain stop-controlled intersections.
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THE CITY OF RICHMOND HEREBY ORDAINS:
§ 1. That the Chief Administrative Officer, for and on behalf of the City of Richmond, is authorized to accept funds in the total amount of $459,720.00 from the Virginia Department of Transportation for the purpose of providing new traffic control devices at certain stop-controlled intersections.
§ 2. That Ordinance No. 2023-073, adopted May 8, 2023, which accepted a program of proposed Capital Improvement Projects for Fiscal Year 2023-2024 and the four fiscal years thereafter, adopted a Capital Budget for Fiscal Year 2023-2024, and determined a means of financing the same, be and is hereby amended by increasing estimated revenues and the amount appropriated for expenditures by $459,720.00, and allotting such sum to the Department of Public Works’ New Traffic Control Signals Project in the Transportation - G.O. Bonds category by $459,720.00 for the purpose of providing new traffic control devices at certain stop-controlled intersections
§ 3. This ordinance shall be in force and effect upon adoption.