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Ord 2014-027/Dedicating fifty percent of its tax increment from the FM 110 transportation reinvestment zone and approving an interlocal agreement with Hays County
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Ord 2014-027/Dedicating fifty percent of its tax increment from the FM 110 transportation reinvestment zone and approving an interlocal agreement with Hays County
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1/22/2015 4:47:00 PM
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5/23/2014 2:22:34 PM
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City Clerk - Document
Ordinances
Number
2014-27
Date
5/20/2014
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A Resolution of the Hays County Commissioners' Court <br />Approving the Local Transportation Project Advance Funding Agreement for A Highway <br />Improvement Project (FM 110 from State Highway 123 to I -35 at Yarrington Road) and <br />Authorizing the County Judge to execute the Agreement on behalf of Hays County <br />STATE: OF TEXAS <br />COUNTY OF HAYS <br />WHEREAS, development and construction of projects in the Hays County Priority Road <br />Bond Program and Pass - Through Finance Program are moving forward and nearing completion; <br />and <br />WHEREAS, Hays County has identified additionally- needed roadway projects and has <br />coordinated with the Texas Department of Transportation (TxDOT) Administration about entering <br />into a new Partnership Program to develop and construct these identified projects; and <br />WHEREAS, on October 22, 2013 the Commissioners Court of Hays County approved the <br />Local Transportation Project Advance Funding Agreement for Strategic Priority Projects On- <br />System for all of the Partnership Program projects with the exception of the FM 110 project; and <br />WHEREAS, TxDOT has committed to fund and undertake the construction of FM 110 <br />from State I lighway 123 to 1 -35 at Yarrington Road; and <br />WHEREAS, both flays County and the City of San Marcos have each created a <br />Transportation Reinvestment Zone (TRZ) to capture a portion of the increased value of <br />development along the FM 110 alignment to repay TxDOT for $48.0 million in construction <br />funding; and <br />WHEREAS. Caldwell County has committed S1.0 million as a contribution towards the FM <br />110 project; and <br />WHEREAS. FM 110 is included in the approved Hays County Transportation Plan and will <br />address safety and mobility needs and support economic development in the County: <br />NOW, THEREFORE, BE IT RESOLVED by the Hays County Commissioners' Court: <br />(a) That the Commissioners Court of Hays County does hereby approve the proposed Local <br />Transportation Project Advance Funding Agreement for A Highway Improvement Project <br />(FM 110 from State Highway 123 to 1 -35 at Yarrington Road) provided by the Texas <br />Department of Transportation and authorizes the County Judge to execute the Agreement on <br />behalf of Hays County. <br />RESOLVED, ORDERED. 'LARED this 1 3` da} of March, 2014. <br />- -- <br />Bert Cobb - - - -- -- <br />Hays County 1 <br />Debbie Gonzales Inga s <br />Commissioner. Pct. <br />Will Conley <br />Commissioner, Pct. 3 <br />ST: <br />L Gonza Z <br />Ha s County Clerk <br />55 <br />
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