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HomeMy WebLinkAbout08-25-16-2b - Resolution - 08/25/2016 RESOLUTION NO.DY-25-11,-26 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,TEXAS, APPROVING AN ADVANCED FUNDING AGREEMENT WITH THE STATE OF TEXAS ACTING THROUGH THE TEXAS DEPARTMENT OF TRANSPORTATION ("TXDoT") AUTHORIZING THE EXPENDITURE OF $43,500.00 FOR CERTAIN PUBLIC ROADWAY IMPROVEMENTS INCLUDING AESTHETIC AND OPERATIONAL ENHANCEMENTS TO CONSTRUCTION OF A DIVERGING DIAMOND INTERCHANGE AT FARM TO MARKET ROAD 60 (AKA UNIVERSITY BOULEVARD) AND FARM TO MARKET ROAD 2818 (AKA HARVEY MITCHELL PARKWAY);AND CONTAINING OTHER PROVISIONS RELATED TO THE SUBJECT MATTER. WHEREAS, TXDoT has deemed it necessary to make certain highway improvements at the interchange of Farm to Market Road 60 (aka University Boulevard) and Farm to Market Road 2818 (Harvey Mitchell Parkway) including reconstructing said interchange consisting of pavement, traffic signals,lighting,pavement markings and pedestrian and bicycle facility improvements (the"Project"); and WHEREAS,the City Council of the City of College Station,Texas,desires to participate in said Project by funding portions of the Project including traffic signals with aesthetic and operational enhancements; and which interchange improvements include construction of a Diverging Diamond Interchange with installation of traffic signals as part of the Project;and by entering into this Advance Funding Agreement for Voluntary Local Government Contributions to Transportation Improvement on System Projects with No Required Match; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That the facts and recitations set forth in the preamble are hereby declared true and correct. PART 2: That the City Council hereby approves an agreement with TXDoT for the City to contribute an amount not to exceed$43,500.00 for the costs associated with the City's share of the Project as set forth in the Advance Funding Agreement for Voluntary Local Government Contributions to Transportation Improvement on System Projects with No Required Match as set forth in Exhibit"A" attached hereto. PART 3: That this resolution shall take effect immediately from and after its passage. ADOPTED this 25 t day oft 4 Ud,A.D. 2016. ATTEST: APPROVED: City Secretktyl MAYOR APPRO1-D: 111 I Ci ' orney