| | | | | | | | |  | Town of Miami Lakes
Memorandum | |
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| | | | | | | | | To: | Honorable Mayor and Councilmembers
| | From: | Alex Rey, Town Manager
| | Subject: | FY 2015-16 Budget Revision - Special Revenue Fund
| | Date: | 7/26/2016
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| | | | | | | | | Recommendation: | Approve revision to FY 2015-16 Amended Budget modifying line items within the Special Revenue Fund - People's Transportation Plan (PTP 80%) as described below and summarized in Exhibit A. This modification has no impact on the total budget. |
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| | | | | | | | | Background: | A budget revision is required tomodify line items within the Special Revenue Fund - People'sTransportation Plan (PTP 80%) by reallocating $100,000 from the Contingency Reserves to Transportation Studies line item.This reallocation has no impact on the total budget. The remaining available PTP 80% Contingency Reserves balance will be approximately $220,000.
Funding is required to perform afeasibility study of an interchange between NW 87th Avenue and future extension of the Gratigny Expressway. Study will include evaluating the possibility of adding and on/off ramp from NW 87th Avenue to SR924 or I75, and to confirm the geometric design to include the new on-ramp without any right-of-way conflicts.
In addition to the above, the funds will be used forvarious traffic studies related to the Transportation Summit Implementation. |
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