HomeMy WebLinkAbout01-27-11-2c - Resolution - 01/27/2011RESOLUTION NO. 01-27-11-2c
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, AUTHORIZING THE PAYMENT FOR 2.4 MITIGATION CREDITS IN THE
STEELE CREEK MITIGATION BANK, ROBERTSON COUNTY, TEXAS, THROUGH
OXBOW INVESTMENTS INC., AS REQUIRED AS A CONDITION FOR NATIONWIDE
PERMIT 14 FOR LINEAR TRANSPORTATION PROJECTS PURSUANT TO THE UNITED
STATES ARMY CORPS OF ENGINEERS PROJECT NO. SWF-2010-00531 FOR THE
VICTORIA AVENUE EXTENSION PROJECT.
WHEREAS, the United States Army Corps of Engineers has required the purchase of 2.4 credits
from the Steele Creek Mitigation Bank in Robertson County, Texas.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the City Council hereby approves the payment for 2.4 Mitigation Credits in
the Steele Creek Mitigation Bank in Robertson County, Texas, through OXBOW
Investments, Inc. as part of the Victoria Avenue Extension Project.
PART 2: That the City Council authorizes the Mitigation Credit Payment of $60,000.00 to
OXBOW Investments, Inc for said 2.4 Mitigation Credits.
PART 3: That the funding for the Mitigation Payment shall be budgeted from the Streets
Capital Improvement Projects Fund for the Victoria Avenue Extension Project in
the amount of $60,000.00.
PART 4: That this resolution shall take effect immediately from and after its passage.
ADOPTED this 27th day of Januarv . 2011.
ATTEST:
city Seereta~y
APPROVED: /
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City Attorney
APPROVED:
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Mayor a