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TxDOT needs a resolution authorizing the execution of an advance funding agreement (AFA) with <br />the state in order to move to the next step in the process, which is the engineering design. Staff <br />has reviewed the resolution is presenting to the City Council for consideration. <br />BUDGET: The estimated budget for this project is $512,189. TxDOT will contribute 80% using <br />Federal Funds as stated above, and the city would be responsible for 20% ($102,438). Although <br />the project has already been selected by TxDOT, the City of Paris is not currently bound in any <br />way to construct the project. By considering this Advance Funding Agreement, The Council is <br />stating they will or will not match funds and move forward with the project. <br />Local match funds would come from city reserves. <br />RECOMMENDATION: Staff recommends approval of the resolution supporting the Advanced <br />Funding Agreement to move forward with the project to add bike lanes to the city. <br />