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HomeMy WebLinkAboutRES 1976-019 RESOLUTION NO. 76-19 A RESOLUTION EXPRESSING THE CITY OF GRAPEVINE' S OPPOSITION TO THE TEXAS TURNPIKE AUTHORITY IN REGARD TO THE CONTINUATION OF THE TOLL ON THE DALLAS/FORT WORTH TURNPIKE. WHEREAS, the Legislature of the State of Texas did �� create the Texas Turnpike Authority and authorize the construc- tion of a toll road connecting the Cities of Fort Worth and +� Dallas, now known as "The Fort Worth-Dallas Turnpike; " and WHEREAS, the citizens of Tarrant and Dallas Counties were told and assured that the Turnpike tolls would be discon- tinued when the revenue received was sufficient to pay all rev- enue bonds issued for the construction of the toll road; and WHEREAS, the citizens of the City of Grapevine by the payment of tolls have contributed measurably to the pay- ment of such revenue obligations; and WHEREAS, the revenue derived from Turnpike tolls has been sufficient to make possible early retirement of the revenue bonds, thereby permitting the Turnpike to become a freeway, but the Texas Turnpike Authority has resisted final payment of the revenue bonds and has continued to devise plans resulting in the expenditure of funds for additional improvements with the result that the tolls w ill continue indefinitely; and ��" WHEREAS, the City Council of Grapevine, speaking for and on behalf of its citizens, has resolved to inform � � the Texas Turnpike Authority of its total and absolute opposition to the continuance of Turnpike tolls . NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS, in its regular meeting duly assembled this 7th day of September , 1976, that the Texas Turn- pike Authority be advised and informed of its absolute and firm opposition to the expendiutre of funds for additional improve- ments and the conduct of "so-called" feasibility studies which are obviously designed to perpetuate the Texas Turnpike Autharity in violation of its initial commitment to remove the tolls and make the Turnpike a freeway when the revenue was sufficient to pay the revenue bonds. ADOPTED, this the �th day of September , 1976. � . <_����-� MAY R r�* ATTEST: � City Secre y