HomeMy WebLinkAboutRES 2005-063 RESOLUTION NO. 2005-63
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS AUTHORIZING SUPPLEMENTAL
AGREEMENT NO. 1 TO THE INTERLOCAL AGREEMENT
STATE HIGHWAY 121 WITH DENTON COUNTY, DATED
FEBRUARY 1, 2000, ADDRESSING REFUNDING OF THE
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 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 indicated their support of this program and indicated a
willingness to participate in the funding of these improvements; and
WHEREAS, the funding for the project was as follows:
State Infrastructure Bank Loan $ 10 Million
Denton County Bonds $ 8.25 Million
NCTCOG (STP-MM) $ 30 Million
TxDOT (NHS) $ 97.55 Million
WHEREAS, the City of Grapevine's participation was established at $750,000.00
of the total $10 million city participation to repay the SIB Loan; and
WHEREAS, the City of Grapevine has paid $600,000.00 of the $750,000.00
commitment to Denton County to date; and
WHEREAS, the State Highway 121 Memorandum of Understanding, executed
March 24, 2005, stated that upon reimbursement by the Texas Department of
Transportation, Denton County agreed to refund the City of Grapevine State
Infrastructure Loan expenditures; and
WHEREAS, Supplemental Agreement No. 1 to the Interlocal Agreement State
Highway 121, dated February 1, 2000, reflects Denton County's agreement to
reimburse the City of Grapevine the $600,000.00 paid to Denton County.
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 approves Supplemental Agreement
No. 1 to the Interlocal Agreement State Highway 121, dated February 1, 2000.
Section 3. 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 20th day of December, 2005.
APPROVED:
William D. Tate
Mayor
ATTEST: 7-1g
L'n Huff
City Secretary
APPROVED AS TO FORM:
John F. Boyle, Jr.
City Attorney
RES. NO. 2005-63 2