HomeMy WebLinkAboutRES 092512-V - Advance Fund Agmt FM1460RESOLUTION NO. QclaS ;a - V
A Resolution of the City Council of the City of Georgetown, Texas,
("City") Authorizing the Mayor to Sign the Advance Funding
Agreement with the Texas Depaitinent of Transportation
("TxDOT") Related to the Improvements of FM 1460 from Quail
Valley Drive to North of University Boulevard (CSJ #2211-02-017
&2211-02-026).
WHERAS, the 2008 Voter Approved Bonds for the City of Georgetown included funding
for the FM 1460 project as a priority road project for the City of Georgetown; and
WHEREAS, the City has provided local funding for the final design, right-of-way
procurement and improvements to FM 1460 from Quail Valley Drive to La Contera Drive (CSJ
2211-02-017); and
WHEREAS, the City has provided local funding for the final design of FM 1460 from La
Contera Drive to North of University Boulevard (CSJ 2211-02-026); and
WHEREAS, TxDOT will be the lead entity in completing the construction letting and
inspection or the project, with the City providing a portion of the cost for construction is three
payments totaling $8,144,178.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE 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 for the
Project.
SECTION 3. I'he mayor is herby authorized to sign this Resolution and the subject
Advance Funding Agreement Amendment #1, and the City Secretary is authorized to attest
thereto, on behalf of the City of Georgetown.
This resolution shall be effective immediately upon adoption
Resolution # pens{ a , v
Advance Fund 'ng Agreement FM 1460 Project
September 25, 2012
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Resolved this the 25th day of September, 2012.
Al IEST:
THE CITY OF GEORGETOWN:
JeStsic E. Brettle, ity Secretary George Garver, Mayor
APPROVED AS TO FORM:
Bridget Chapman, City Attorney
Resolution # OciaS1arV
Advance Funding Agreen ent FM 1460 Project
September 25, 2012
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