2024-037 - Authorizing Execution of Advance Funding AGreement with TxDOT - Bike Lane ProjectRESOLUTION NO. 2024-037
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS
AUTHORIZING EXECUTION OF AN ADVANCE FUNDING AGREEMENT
(AFA) WITH THE TEXAS DEPARTMENT OF TRANSPORTATION FOR A
TRANSPORTATION ALTERNATIVES SET-ASIDE (TASA) PROJECT;
MAKING OTHER FINDINGS AND PROVISIONS AND DECLARING AN
EFFECTIVE DATE.
WHEREAS, on October 26, 2023, via Minute Order 116575, the Texas Transportation
Commission authorized the 15t Street SW Bike Lanes Project (the "Project) to receive
Transportation Alternatives Set -Aside (TASA) funds for project construction and Texas
Department of Transportation (TxDOT or the State) oversight; and
WHEREAS, the TASA funds require a local match, and the City of Paris, Texas commits
to provide the match in the amount of ONE HUNDRED TWO THOUSAND FOUR HUNDRED
THIRTY-FOUR DOLLARS AND NO/100 ($102,434.00) comprised of cash or Transportation
Development Credits (TDCs); and
WHEREAS, the City of Paris, Texas is responsible for all non -reimbursable costs and
100% of overruns, if any; and
WHEREAS, the City Council of the City of Paris, Texas desires to reaffirm its support
of the Project and approve and authorize the execution of an Advance Funding Agreement
(AFA) with TxDOT for the Project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PARIS, TEXAS:
Section 1. That the findings set out in the preamble to this resolution are hereby in
all things approved and are incorporated herein for all purposes.
Section 2. That the Mayor is authorized to enter into an Advance Funding Agreement
with TxDOT for this Project.
Section 3. That this resolution shall be effective from and after its date of passage.
PASSED AND APPROVED this 26th day of August, 2024.
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ATTEST:
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�� ice Ellis City
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J ty Clerk 11X\
Mihir Pankal, Mayor
&ROVED AS TO FORM:
H. Harris, City Attorney