Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Transportation topic
No spam. Unsubscribe anytime.
Mooresville council moves $135,961.14 to local road and bridge matching fund to cover paving match
Summary
Council approved transferring $135,961.14 from the Local Roads and Streets restricted fund into a newly created local road and bridge matching grant fund to cover the town's share of paving completed during the summer.
The Mooresville Town Council on Nov. 4 approved a resolution to transfer $135,961.14 from the Local Roads and Streets restricted fund into a newly created Local Road and Bridge matching grant fund to cover the town's match for the Community Crossings state paving grant.
Council members discussed that the Local Roads and Streets (LRNS) fund is restricted under state designation and stems from excise and fuel taxes; acceptable uses include rehabilitation and maintenance of existing roads. The transfer was described as moving the amount the town paid as its match for paving completed over the summer.
Council moved to approve resolution 24-20-25; the motion was seconded and the vote recorded 5-0 in favor.
No public comment was recorded about this item at the meeting. The council did not provide additional detail in the meeting record about future allocations from the target fund beyond covering the described match for the Community Crossings project.
