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HomeMy WebLinkAboutRES 1999-041 RESOLUTION NO. 99-41 ` A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS SUPPORTING THE USE OF THE STATE INFRASTRUCTURE BANK TO EXPEDITE THE DEVELOPMENT OF STATE HIGHWAY 121 MAIN LANES FROM THE DENTON / COLLIN COUNTY LINE TO DFW AIRPORT AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City of Grapevine, in conjunction with Denton County and the State Highway 121 Task Force has worked diligently and in collaboration with the Texas Department of Transportation since 1986 to create an East — West thoroughfare linking traffic from one of the State's fastest growing regions to the Dallas / Fort Worth International Airport; and WHEREAS, the constituent members of the SH 121 Task Force have expended significant effort and financial resources to acquire approximately Thirty Million Dollars ($30,000,000) of right-of-way and to conduct various analyses, plans and studies; and WHEREAS, the Intermodal Transportation Efficiency Act of 1991 and the Transportation Equity Act for the 21st Century authorized and funded the establishment of the State Infrastructure Bank; and , WHEREAS, the State Infrastructure Bank was established to advance the development and construction of critical roadways of regional significance; and WHEREAS, the City of Grapevine prefers the freeway option over the development of State Highway 121 as a toll facility and will consider funding participation to offset a portion of the cost to Denton County; and WHEREAS, any further delay in the construction of the State Highway 121 Bypass main lanes will only serve to exacerbate the negative effects of regional hyper- growth and congestion while hampering the clear opportunity to reap the full benefits of economic development. 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 and encourages the Denton County Commissioners Court to proceed with the State Infrastructure Bank application in a manner which results in approval and completion of the entire State Infrastructure Bank application process by December 30, 1999. ' Section 3. That the City of Grapevine supports the expedited development of the State Highway 121 main lanes through the use of the State Infrastructure Bank loan process and encourages the Texas Department of Transportation to take the necessary steps to ensure that construction of State Highway 121 begins in 2004. Section 4. 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 17th day of August, 1999. APPROVED: -- .. William D. Tate Mayor ATTEST: �, .. _. , Linda uff y City Secretary APPROVED AS TO FORM: John F. Boyle, Jr. ' City Attorney RES. NO. 99-4� 2