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• RESOLUTION 2008-148R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, IN SUPPORT OF THE HAYS COUNTY BOND ELECTION SEEKING AUTHORIZATION TO ISSUE $207,110,000.00 OF HAYS COUNTY GENERAL OBLIGATION BONDS FOR THE CONSTRUCTION AND IMPROVEMENT OF COUNTY ROADS AND STATE HIGHWAYS INCLUDING FM 110 FROM McCARTY LANE TO SH 123; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City of San Marcos, Texas and Hays County, Texas entered into an Interlocal Agreement (Agreement) for the completion of the McCarty Lane and FM 110 (San Marcos Loop) Roadway Improvement Projects on April 29, 2008; and WHEREAS, the Agreement provides that Hays County will submit a road bond proposition to the voters on November 4, 2008 to seek authorization to issue bonds in an amount sufficient to pay for completion of FM 110 from McCarty Lane to SH 123, with a cost estimate of $18,050,000; and WHEREAS, in 2007, 17% of roadways in Hays County experienced significant congestion and by 2030, estimates say it will increase to 30%. Consequences of increased traffic congestion include • increased accidents, delays and impacts on commerce. WHEREAS, the bond package will address critical transportation improvement priorities. It includes projects to be funded through the Texas Department of Transportation (TxDoT) Pass-Through financing program and County priority road projects. The TxDoT Pass-Through toll program will reimburse the County for designing and constructing TxDoT roadways now. San Marcos has committed to $7.6 million to support these pass-through finance projects. Hays County will be eligible for a $133 million reimbursement through this program; and WHEREAS, residents throughout Hays County would benefit from completion of the other roadway improvements to be authorized in the Hays County Road Bond election which include sections of IH 35, FM 1626, US HWY 290, portions of Old Bastrop Highway, SH 21, Dacy Lane, Post Road, FM 967, Lakewood Drive, FM 150, RR 12, FM 2325, Lime Kiln Road, and RM/FM 1826 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS PART 1. That the City of San Marcos, Texas supports the Hays County road bond election and urges the voters of Hays County to cast their votes in favor of the road bond proposition at the election to be held on November 4, 2008. PART 2. That the City Clerk shall cause a copy of this Resolution to be submitted to the Commissioner's Court of Hays County, Texas.