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HomeMy WebLinkAboutCity Council Resolutions (R-24-4967)-09/04/2024RESOLUTION 24-4967 APPROVING AN ADVANCE FUNDING AGREEMENT WITH THE STATE OF TEXAS FOR THE CONSTRUCTION OF THE HIGHWAY SAFETY IMPROVEMENT PROGRAM GRANT IMPROVEMENTS TO JOHN MCCAIN ROAD FROM 0.25 MILES WEST OF MONTICELLO PARKWAY TO 0.03 MILES WEST OF MONTICELLO PARKWAY; 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 roadway 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 Highway Safety Improvement Program (HSIP) funding to pay a portion of the costs for the John McCain Road Improvements (the "Project"). NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1 THAT the City Council authorizes the City Manager to execute an Advance Funding Agreement with the State of Texas for HSIP funding for safety improvements on John McCain Road from 0.25 miles west of Monticello Parkway to 0.03 miles west of Monticello Parkway. Sec. 2 THAT the estimated project cost is $444,266, of which the Federal participation is estimated to be $340,710. The City will be responsible for 100% of the environmental and engineering costs, 100% of cost overruns for the Project, and local participation estimated to be $103,566, as set forth in the Agreement. Sec. 3 THAT the City's portion of the Project funding required under the Agreement shall come from the City's Capital Improvements Program Fund. Sec. 4 THAT this Resolution shall become effective immediately upon passage. AND IT IS SO RESOLVED. Resolution R-24-4967 Page 2 of 2 APPROVED BY A VOTE OF 6 AYES, 0 NAYS ON THIS THE 4T" DAY OF SEPTEMBER 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 Abst Kimberly Holt Gunderson, Place 5 Aye ATTEST: Christine Loven, TRMC City Secretary