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HomeMy WebLinkAbout2014-R-02 - Advance Funding Bosque Rivern n RESOLUTION NO. 2014-02 RESOLUTION APPROVING AND AUTHORIZING A LOCAL TRANSPORTATION PROJECT ADVANCE FUNDING AGREEMENT FOR A TRANSPORTATION ENHANCEMENT PROJECT ALONG THE BOSQUE RIVER, THE MASTER AGREEMENT GOVERNING LOCAL TRANSPORTATION PROJECT ADVANCE FUNDING AGREEMENTS WITH THE STATE OF TEXAS, AND AUTHORIZING THE MAYOR TO EXECUTE SAME WHEREAS, the City of Stephenville and the Texas Department of Transportation entered into a Master Agreement Governing Local Transportation Project Advance Funding Agreement; and WHEREAS, the City of Stephenville desires to participate in the extension of the Bosque River Trail 7,000 linear feet from Tarleton Street to the Tarleton State University College Farm at College Farm Road and FM 8; and WHEREAS, the Texas Transportation Commission passed Minute Order Number 113642 dated July 25, 2013, awarding funding for projects in the 2012 Program Call of the Transportation Enhancement Program, including the Project; and WHEREAS, the Texas Department of Transportation requires the execution of a Local Transportation Project Advance Funding Agreement with the local government for the development of and funding for said project: NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STEPHENVILLE, TEXAS: Section 1: That the Master Agreement Governing Local Transportation Project Advance Funding Agreements with the State of Texas, acting through the Texas Department of Transportation is hereby approved; and Section 2: That the City Council of the City of Stephenville, Texas, authorizes its Mayor to enter into the attached Local Transportation Project Advance Funding Agreement for the Bosque River Trail Extension Project. PASSED AND APPROVED on this 4t" day of February, 2014 by the City Council of Stephenville, Texas. ATTEST: Cindy L. afford, ity Se ary Reviewed by Mark A. Kaiser, City Administrator Approved as to form and content by Randy Thomas, City Attorney Jeri er K. W Ion II, Mayor