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HomeMy WebLinkAboutRES 012511-N - Fund Agmt TxDot LakewayRESOLUTION NO. 0 I DSt ' N A Resolution of the City Council of the City of Georgetown, Texas, ("City") Authorizing the Mayor to Sign the Advance Funding Agreement Amendment #2 with the Texas Department of Transportation ("TxDOT") Related to the Use of Local Funding Authorized for the Lakeway Bridge Replacement for Cost of Construction. WHEREAS, the City has provided local funding for the Lakeway Bridge Replacement (CSJ 0015-08-116), with project limits from, Airport Road to Business 35, Bridge Replacement to TxDOT to replace the functionally obsolete and deficient ramp and road access structures crossing Interstate 35 and WHEREAS, TxDOT and the City executed an Advance Funding Agreement on the 25t'h day of April, 2007 to effectuate their agreement to contribute funding towards construction of a bridge replacement, approaches and frontage road improvements on III 35 at BI 35 M and Lakeway Drive ("Project"); and WHEREAS, TxDOT and the City executed an Advance Funding Agreement Amendment #1 on the 1st day of August 2008, diverting the City's fixed amount of S2,500,000 they committed to the cost of construction of the Project to the cost of right of way acquisition and utility adjustments on the Project; and WIIEREAS, the Federal Government subsequently participated in the cost of right of way acquisition and utility adjustment on the Project. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THF4 CITY OF GEORGETOWN, TEXAS: SECTION 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The City Council further finds that the adoption of this resolution is not inconsistent or in conflict with any 2030 Comprehensive Plan Policies. SECTION 2. The City Council of the City of Georgetown finds it to be in the best interest of the citizens of Georgetown to approve the Advance Funding Agreement: Amendment#2 for the Project, to direct the City's contribution of the fixed amount of $2,500,000 to the cost of construction of the project. Resolution No. 0 I R S( 1 Advance Funding Agreenient Amendment #2 for the Lakeway Bridge Project Page 1 of 2 SECTION 3. The mayor is herby authorized to sign this Resolution and the subject Advance Funding Agreement: Amendment #2, and the City Secretary is authorized to attest thereto, on behalf of the City of Georgetown. Further, the Mayor and City Manager are directed to continue to work with TxI )OT and the Capital Area Metropolitan Planning Organization to secure the requisite Federal/State funding necessary to complete the Project. This resolution shall be effective immediately upon adoption Resolved this the 25"1 day of January, 2011. ATTEST: THE CITY OF GEORGETOWN: ca E. Brettle, City Secretary George_ . Garver, Mayor APPROVFI) AS TO FORM: Mark T. Sokolow, City Attorney Advance Fit lding Agreement ; ierdnrent #2 for the Lakeway Bridge Project Page 2 of 2 enKe s .