HomeMy WebLinkAbout06-25-09-2m - Resolution - 06/25/2009RESOLUTION NO. 06- 25- 09 -2m,
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, ALLOWING THE MAYOR TO SIGN AN ADVANCE FUNDING AGREEMENT
BETWEEN THE TEXAS DEPARTMENT OF TRANSPORTATION AND THE CITY OF
COLLEGE STATION FOR CONSTRUCTION OF PHASE III OF THE COLLEGE BIKE
LOOP.
WHEREAS, the City Council of the City of College Station, Texas, supports the City plan to
construct Phase III of the College Station Bike Loop; and
WHEREAS, the City Council of the City of College Station, Texas, agrees to fund the College
Station Bike Loop Phase III Project 100% of the value of the project less the remaining
Statewide Transportation Enhancement Program (STEP) funds of $279,000; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the City Council hereby approves the Advance Funding Agreement.
PART 2: That the City Council hereby approves of the Mayor signing the agreement.
PART 3: That the City Council hereby agrees to fully fund the College Station Bike Loop
Phase III construction costs less the remaining STEP funds.
PART 4: That this resolution shall take effect immediately from and after its passage.
ADOPTED this 25th day of June, A.D. 2009.
ATTEST:
City Secretary
APPROVED:
MAYOR
APPROVED: