Requested Agenda Date:
9/17/2024
Requested Agenda Title:
Title
Budget Adjustment: The Corridor Preservation Program Requests $1,519,500 to Pay Herriman Cities for a Corridor Preservation Project at 7300 W Between 12600 S and Herriman Main Street in Herriman City as Specified in ILA Resolution 6208 Approved on 6/4/2024
Body
Requested Agenda Item Description: Fund/Budget neutral to the General Fund. Budget adjustment to pay ILA Resolution 6208 approved by the Salt Lake County Council on 6/4/2024 for a corridor preservation project at 7300 W between 12600 S and Herriman Main St in Herriman City. Each year COG recommends Corridor Preservation Funds be awarded to cities to purchase property for future transportation corridors. The funds are paid to cities as a post-performance reimbursement once the cities complete the real estate purchase transaction. Payment is made from Fund 130 Transportation Fund fund balance. This funding comes from $3 of the $10 Motor Vehicle Registration Fee.
Requested Action: Discussion - Vote Needed
Presenter(s) (with titles): Hoa Nguyen, Council Budget and Policy Analyst
Time Needed: Less than 5 MINS
Is this Item Time-Sensitive and/or Requesting a Time-Certain? No
Requesting Staff Member: Dina Blaes, Director Regional Development
Are Supporting Documents Needed for this Agenda Item Request? Yes