HomeMy WebLinkAboutCity Council Resolutions (R-25-5085)-10/21/2025RESOLUTION 25-5085
APPROVING AN ADVANCED FUNDING AGREEMENT WITH TEXAS
DEPARTMENT OF TRANSPORTATION FOR GREEN RIBBON FUNDING
FOR THE LANDSCAPING AS IDENTIFIED IN EXHIBIT "A";
PROVIDING FOR LOCAL FUNDING FROM THE TAX INCREMENT
FINANCING (TIF) DISTRICT 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, (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 SH26 from Tennison Parkway to South of John McCain
Road; and SH121 from North of Gateway Drive to Connecting
Road; (the "Project") as stated in Exhibit "A"; 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 Tax
Increment Financing (TIF) District Fund.
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 TxDOT for the Green Ribbon funding for the
Project, and authorizing the City Manager, or his designee, to
execute all documents necessary to complete the transaction.
Sec. 2 THAT the City's portion of the Project funding required under
the Agreement shall come from the TIF Fund.
Sec. 3 THAT this Resolution shall become effective immediately upon
passage.
AND IT IS SO RESOLVED.
Resolution R-25-5085
Page 2of2
APPROVED BY A VOTE OF 7 AYES, 0 NAYS ON THIS THE 21ST DAY OF
OCTOBER 2025.
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 d� lr►' "�
Christine Loven, TRMC
City Secretary
Mayor
EXHIBIT "A"
PROJECT SCOPE FORADVANCED FUNDING AGREEMENT WITH TEXAS
DEPARTMENT OF TRANSPORTATION FOR GREEN RIBBON FUNDING
FOR LANDSCAPING
Texas Department of Transportation ("TxDOT") for state participation in the
form of Green Ribbon funding to pay a portion of the costs for
• SH26 from Tennison Parkway to South of John McCain Road; and
• SH121 from North of Gateway Drive to Connecting Road