2006-117-RES-Agreement to contribute funds for improvements loop 286 - hwy 82 - fm hwy 137

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RESOLUTION NO. 2006-117 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, ACCEPTING RESPONSIBILITY FOR 10% OF THE COST OF RIGHT -OF-WAY FOR THE IMPROVEMENT OF LOOP 286 FROM US HIGHWAY 82 (WEST OF PARIS) TO FM HIGHWAY 137; AUTHORIZING THE EXECUTION OF A CONTRACTUAL AGREEMENT TO CONTRIBUTE FUNDS - LOCAL GOVERNMENT; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Texas Department of Transportation is requesting the City of Paris to enter into a contractual agreement and to pay for 10% ofthe right-of-way costs for a State highway project on Loop 286 from US Highway 82 (West of Paris) to FM Highway 137; and, WHEREAS, the City desires to voluntarily contribute to the State, funds equal to 10% of the cost of the said right-of-way for the proper development and construction of the project; and, WHEREAS, the completion of the improvement to Loop 286 is crucial to the enhancement of circulation and safety; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the City of Paris, Texas, accepts responsibility for 10% of the cost of said right-of-way which is currently estimated at $40,000.00 for the improvement of Loop 286 from US Highway 82 (West of Paris) to FM Highway 137. The Department of Transportation will be responsible for acquiring all property required for the project. Acquisition procedures will be in accordance with policies of the Texas Department of Transportation and with applicable Federal and State laws governing the acquisition policies for acquiring real property. Section 3. That the Mayor of the City of Paris be and is hereby authorized to execute an agreement to contribute funds with the Texas Department of Transportation on behalf of the City of Paris, attached hereto as Exhibit A. Section 4. That this resolution shall be effective from and after its date of passage.