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HomeMy WebLinkAboutRES 2002-039 RESOLUTION NO. 2002-39 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS AUTHORIZING FUNDING PARTICIPATION WITH TARRANT COUNTY COMMUNITY DEVELOPMENT AND HOUSING FOR THE COMMUNITY DEVELOPMENT BLOCK GRANT PROJECT FOR RECONSTRUCTING SMITH STREET WITHIN THE CITY OF GRAPEVINE; TEXAS AND PROVIDING AN EFFECTIVE DATE WHEREAS, in the City Council Meeting of July 16, 2002, the City Council of the City of Grapevine approved the 27th Year Community Development Block Grant Project (CDBG) comprised of the reconstruction of Smith Street between Texas Street and College Street; and WHEREAS, the budget for the project approved on July 16, 2002 reflects CDBG Construction Funds in an amount of $228,493.20 and City of Grapevine Funds in an amount of$21,325.00; and WHEREAS, the construction contract for this project totals $237,364.64; and WHEREAS, the City funds approved in the budget will be utilized for project costs in excess of the CDBG funds available for the project. 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 Council of the City of Grapevine approves funding participation for the Smith Street CDBG reconstruction project in the amount of $21,325.00, consistent with the project budget approved on July 16, 2002. 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 1st day of October, 2002. APPROVED: William D. Tate Mayor ATTEST: CA(.4641 Linda Huff r City Secretary APPROVED AS TO FORM: John F. Boyle, Jr. City Attorney RES. NO. 2002-39 2