HomeMy WebLinkAboutCity Council Resolutions (R-23-4849)-06/06/2023RESOLUTION R-23-4849
APPROVING AN ADVANCED FUNDING AGREEMENT WITH TEXAS
DEPARTMENT OF TRANSPORTATION FOR GREEN RIBBON FUNDING
FOR FM 3029 AT LD LOCKETT ROAD LANDSCAPING; PROVIDING
FOR LOCAL FUNDING FROM THE CITY'S CAPITAL IMPROVEMENTS
PROGRAM FUND; AND AUTHORIZING THE CITY MANAGER TO
EXECUTE THE AGREEMENT
WHEREAS, the City Council finds it in the best interest of the City and its
citizens to utilize public grant programs to maintain and
enhance quality of the City's streets and public highways; and
WHEREAS, the City of Colleyville, Texas ("City") submitted a request to
the Texas Department of Transportation ("TxDOT") for state
participation in the form of Green Ribbon funding to pay a
portion of the costs for FM 3029 at LD Lockett Road
Landscaping (the "Project"); and
WHEREAS, the City Council hereby authorizes the City Manager, or his
designee, to execute the Advanced Funding Agreement (the
"Agreement") with TxDOT, providing for the state's
participation in the Project through Green Ribbon grant
funding, as more particularly described in the Agreement; and
WHEREAS, the City will be responsible for cost overruns for the Project as
set forth in the Agreement; and
WHEREAS, upon final execution of the Agreement, the City Council
authorizes the commitment of local matching funds, to the
extent required, to be funded from available funding in the
City's Capital Improvements Program.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1 THAT the City Council authorizes an Advance Funding
Agreement with the State of Texas for the Green Ribbon
funding for FM 3029 at LD Lockett Road Landscaping. The City
Manager, or his designee, is authorized to execute all
documents necessary to complete this transaction.
Resolution R-23-4849
Page 2 of 2
Sec. 2 THAT the City's portion of the Project funding required under
the Agreement shall come from the City's Capital
Improvements Program fund.
Sec. 3 THAT this Resolution shall become effective immediately upon
passage.
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS ON THIS THE 6T" DAY OF JUNE
2023.
Mayor Bobby Lindamood Aye Mayor Pro Tern Callie Rigney Aye
Brandi Elder, Place 1 Aye George Bond, Place 2 Aye
Scotty Richardson, Place 3 Aye Ben Graves, Place 4 Aye
Chuck Kelley, Place 5 Aye
ATTEST:
Christine Loven, TRMC
City Secretary
Mayor
E