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
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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
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