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<br />A. SH 123/CR 266 Intersection <br /> <br />1. The City will arrange with the Texas Department of Transportation (TXDOT) to do the <br />following in an Advance Funding Agreement (AF A) between TXDOT and the City: <br />a) Contribute approximately $234,000 in safety funds toward construction; <br />b) Bear the cost of a traffic signal; <br />c) Design the improvements; and <br />d) Complete the improvements by May Fe&: 1, 2007t-aml <br />e) TXDOT will be responsible for any additional oosts that may arise during <br />construction. <br /> <br />2. The City will: <br />a) Enter into an AF A with TXDOT for the SH 123/CR 266 Intersection Proiect <br />interseotion impro'/ements; <br />b) Provide Contract for ROW acquisition services and obtain necessary right-of-way <br />for intersection alignment ofCR 266 (0.46 acres) obtained at a total cost of$56.018.56; and <br />c) Provide $300.000 in funding for construction costs aboye TxDOT safety funding. <br /> <br />3. SMCISD will: <br />a) Prepare legal description for a additional right-of-way required for intersection <br />alignment; and <br />b) Provide SH 123/CR 266 intersection design to TxDOT fDr intersection design for <br />its approval and acceptance.;. <br />c) Provide payment to the City in the amount of $359.126.26 prior to the City's <br />execution of the AF A with TXDOT; and <br />d) Provide payment to the City for increases in construction costs due from the City <br />to TXDOT under the AF A. within 20 days after the City delivers a COPy of the TXDOT <br />invoice for the increase to SMCISD. <br /> <br />4. The County will provide payment to the City in the amount of $50.000 prior to the <br />City's execution of the AF A with TXDOT. <br /> <br />2. The parties agree that all other provisions of the Interlocal Agreement will remain in <br />full force and effect. <br /> <br />City of San Marcos <br /> <br /> <br />By: J, ~~ <br /> <br />Dan O'Leary, City ager <br /> <br />2 <br />