HomeMy WebLinkAboutRES 2000-005 RESOLUTION NO. 2000-05
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS AUTHORIZING AN INTERLOCAL
AGREEMENT WITH DENTON COUNTY ADDRESSING FUNDING
PARTICIPATION TO DESIGN AND CONSTRUCT MAIN LANE
IMPROVEMENTS ON STATE HIGHWAY 121 FROM FARM TO
MARKET 2499 TO THE COLLIN / DENTON COUNTY LINE; AND
PROVIDING AN EFFECTIVE DATE
WHEREAS, State Highway 121 is a critical component of the Northern Metroplex
Regional Transportation System, serving the continually expanding residential
communities and employment centers along the corridor between Dallas / Fort Worth
International Airport and Collin County; and
WHEREAS, Denton County has developed a funding program for the design and
construction of main lane improvements on State Highway 121 from Farm to Market
2499 to the Collin / Denton County; and
WHEREAS, the five cities in this corridor, Lewisville, Coppell, Carrollton, The
Colony, and Grapevine have indicated their support of this program and have indicated
a willingness to participate in the funding of these improvements; and
WHEREAS, the funding for the project is as follows:
State Infrastructure Bank Loan $10 Million
Denton County Bonds $8.25 Million
North Central Texas Council of Governments (STP-MM) $30 Million
Texas Department of Transportation (NHS) $97.55 Million
WHEREAS, the City of Grapevine's participation has been established at
$750,000 of the total $10 million city participation to repay the State Infrastructure Bank
Loan.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:
Section 1. That all matters stated in the preamble of this resolution are true
and correct and are incorporated herein as if copied in their entirety.
Section 2. That the City of Grapevine strongly supports the efforts of Denton
County to promote the transportation improvement needs in the State Highway 121
corridor from Farm to Market 2499 to the Collin / Denton County Line.
Section 3. The City of Grapevine is authorized to enter into an Interlocal
Agreement with Denton County committing $750,000 to the funding of the State
Highway 121 main lane improvements from Farm to Market 2499 to the Collin / Denton
County Line.
Section 4. That the funding shall be due to Denton County in five (5) annual
installments of $150,000 beginning on October 1, 2000,
Section 5. That Denton County shall withhold $4 million of the initial $48.25
million for use on the design of the main lane improvements between Farm to Market
2499 and Denton Creek once environmental clearance has been received.
Section 6. That this resolution shall become effective from and after the date
of its passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 18th day of January, 2000.
APPROVED:
William D. Tate
Mayor
ATTEST:
Lind Huff
City Secretary
APPROVED AS TO FORM:
John F. Boyle, Jr.
City Attorney
RES. NO. 2000-05 2