Loading...
HomeMy WebLinkAboutCity Council Resolutions (R-24-4953)-07/02/2024RESOLUTION R-24-4953 APPROVING AN ADVANCED FUNDING AGREEMENT WITH THE STATE OF TEXAS FOR A TRANSPORTATION ALTERNATIVES SET - ASIDE (TASA) PROGRAM PROJECT; PROVIDING FOR LOCAL FUNDING; 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 the quality of the City's pedestrian and bicycle network; 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 TASA funding to pay a portion of the costs for the development of an Active Transportation Plan (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 TASA grant funding, as more particularly described in the Agreement; and WHEREAS, the City will be responsible for 20% of the costs as well as 100% of 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. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec.I THAT the City Council authorizes an Advance Funding Agreement with the State of Texas for the TASA funding for an Active Transportation Plan, the City will be responsible for 20% of the costs as well as 100% of cost overruns for the Project as set forth in the Agreement. The City Manager, or his designee, is authorized to execute all documents necessary to complete this transaction. Resolution R-24-4953 Page 2 of 2 Sec. 2 THAT the City's portion of the Project funding required under the Agreement shall come from available funds from one or more of the following sources: Capital Projects Fund, Colleyville Tomorrow Fund, Parks Tomorrow Fund, Voluntary Park Fund, or the Colleyville Economic Development Corporation 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 2"d DAY OF JULY 2024. Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye Mayor Pro Tern Brandi Elder Aye Ben Graves, Place 4 Aye Deputy Mayor Pro Tern Scotty Richardson Aye Tim Raine, Place 6 Aye Kimberly Holt Gunderson, Place 5 Aye ATTEST: Christine Loven, TRMC City Secretary TY OF Bo y LiT Mayor mood LLE