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BUDGET: <br />The agreement calls for a City participation of $162,079.71 to upsize the project. The City has not <br />budgeted for this, however we have adequate reserve funds to cover this expense. The City shall <br />remit payment upon final approval and acceptance by the City of the completed collector street. <br />OPTIONS: <br />1. Authorize the City Manager to sign the Interlocal Agreement with North Lamar <br />Independent School District for the joint construction of a collector street. <br />2. Request more information, request additional negotiations, or reject the ILA. <br />RECOMMENDATION: <br />1. Authorize the City Manager to sign the Interlocal Agreement with North Lamar <br />Independent School District for the joint construction of a collector street. <br />