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The Lane Report

Investing LFUCG’s Surplus Revenues

The audited financial statement of the LFUCG’s fiscal year ending June 30, 2005, will be published soon. The approximate surplus from last fiscal year was $15.7 million.

 

Ten million dollars was transferred into the FY06 Budget, leaving about $5.7 million remaining to be allocated. How the surplus was invested by the Urban County Council is summarized below:



Of the total allocated, 43.1% went into emergency cash reserves –

Economic Contingency Deposit

 $ 2,000,000

     (rainy day fund)

 

 

 

Self Insurance Funding

       450,000

     (contingency fund)

 

 

 $ 2,450,000

 

 

 and 39.0% was invested in capital projects

 

 

 

 

Family Care Center HVAC

$     100,000

 

 

Man O’War Road Design

       250,000

 

 

Council Capital projects

    1,500,000

 

 

Star Shoot Roadway

       250,000

 

 

Code enforcement vehicle

          6,000

 

 

Gainesway Park improvements

       100,000

 

 

Valley View Ferry (landing)

         14,000

 

 

 

 $ 2,220,000

 

The balance of the surplus remaining provided one time assistance for not-for-profit organizations, special projects and economic development. $264 thousand was reallocated to the balance in the ’06 General Fund.

 

I was pleased that 43 percent of the surplus was placed into emergency cash reserves and the balance in the “rainy day fund” was increased by 33% to about $8 million.

Man O’War Boulevard –
Lexington’s Traffic Snarl

 

One of the priorities of Lexington’s Urban Government Council is improving traffic flow on an O’War Boulevard.  As noted, $250,000 for a Man O’War Boulevard engineering study was approved from surplus funds.  If a public opinion survey were taken, a majority of Lexingtonians would likely agree that this traffic corridor needs major improvement.



What Happened to Develop
Existing Traffic Problems

Man O’War Officially Completed in 1988

 

      Then

 

    Now

 

 

 

16.1 miles

Length

16.1 miles

 

 

 

11

Traffic Signals

33

 

 

 

50 mph

Speed Limit

45 mph

 

20,600 – 38,600

Design ADT

 

Volume

 

24,640 – 42,300

ADT

 

 

 

 

Sources:  Lexington Herald Leader, 8/18/02

               KDOH Man O’War Design Plans

               Kentucky Transportation Department, Traffic Count

 

Lexington’s Metropolitan Planning Organization Congestion Management Report indicates that these Man O’War intersections were;

 

congested –

  • Pink Pigeon Parkway
  • Palumbo Drive
  • East Hills Drive

very congested –

  • I-75
  • Sir Barton Road
  • Liberty Road
  • Maple Leaf Drive
  • Rio Dosa Drive
  • Richmond Road
  • Beaver Creek
  • Tates Creek
  • Nicholasville Road
  • Harrodsburg Road
  • Versailles Road

severely congested –

  • Alumni Drive

This study was prepared in 2002 and three years have passed without any major engineering studies or roadway improvements to Man O’War being made. Obviously, traffic counts and congestion levels have not diminished during the last 36 months.

 

A traffic engineering study would develop a plan that may include these possible solutions:

    • add new turn lanes
    • evaluate existing turn lanes
    • adjust lane widths
    • narrow size of grass median
    • narrow grass utility strip
    • move sidewalk out to edge of ROW
    • add retaining walls
    • construct roundabout on some intersections
    • restrict minor street crossings to right turn in/out
    • allow u-turns at wide median breaks
    • optimize system for peak operation
    • use “night-flash” signals in off hours
    • develop pull off areas for incident management

     

Each day that passes adds more traffic on Man O’War Boulevard. Immediate action is needed so that available and new traffic data can be complied and plan of action approved.

 

Even if the study and construction documents were available today, it will take several years to construct the necessary changes.  In the meanwhile, traffic issues are not improving; they are deteriorating.

Council Capital Funds

Each councilmember will manage $100,000 in funds for his or her district (or at-large) that may be designated for capital improvements in Fayette County. All investments require majority approval of the entire city council. Neighborhood associations, parks, roads, equipment, and not-for-profit organizations are eligible for allocations. All expenditures must be for capital investment.

 

If your neighborhood needs financial help on a major capital item, you should send a request for assistance to your councilmember.  Your letter should clearly state:

 

  1. the name of the entity needing financial assistance
  2. the specific need and use for the capital investment
  3. the amount requested
  4. the rationale why this investment is justified

 

You can determine who represents your district by going to www.lfucg.com and clicking on council.  Locating your home on the map depicting the geographical area of each district will help identify your councilmember.

 

Requests and supporting information should be made in writing to your councilmember or any at-large councilmember at 200 East Main Street, Lexington, KY 40507.

Your comments and suggestions are always appreciated.




If you would like to contact Ed Lane he can be reached via at EdLane@LFUCG.com ; and by letter at 200 East Main Street, Lexington, KY 40507.

Councilman Ed Lane represents the 12 th District on Lexington Urban County Council. He is the owner of a commercial real estate services firm and publishes a statewide business magazine.









“I want to conservatively spend our tax dollars,
eliminate waste, and bring sound business ideas
to local government.”




To contact Ed Lane's 12th district council offices, e-mail him at edlane@lfucg.com.

Paid for by the committee to elect Ed Lane; Ron Switzer, treasurer.