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<br />I <br /> <br />I <br /> <br />I <br /> <br />30 <br /> <br />RESOLUTION NO. 2006- 97 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, ACCEPTING AND APPROVING THE <br />TERMS OF AN ADVANCE FUNDING AGREEMENT BETWEEN <br />THE CITY AND THE TEXAS DEPARTMENT OF <br />TRANSPORTATION FOR THE WONDER WORLD DRIVE (FM <br />3407) EXTENSION PROJECT; AND DECLARING AN <br />EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The Texas Department of Transportation ("TXDOT") has requested the City to accept and <br />approve the terms of the attached Local Transportation Project Advance Funding Agreement for a <br />Federal Earmark Project (the "Agreement") pertaining to the Wonder World Drive (FM 3407) <br />Extension Project (the "Project") in San Marcos, Hays County, Texas. <br /> <br />2. The Agreement provides for the City to contribute $38,500,000 towards the cost of the <br />Project, a portion of which will be subject to funding by TXDOT under a separate Pass-Through Toll <br />Agreement between the City and TXDOT. <br /> <br />3. The City wishes to approve and accept the Agreement to facilitate the Project. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. The terms and conditions of the Agreement are approved and accepted. <br /> <br />PART 2. The City Manager, Dan O'Leary, is authorized to execute the Agreement on behalf <br />of the City. <br /> <br />PART 3. This Resolution is in full force and effect immediately from and after its passage. <br /> <br />ADOPTED on June 20, 2006. <br /> <br />~iM <br /> <br />Mayor <br /> <br />~~n~ )) <br />vjp/}JW:Y; 'rt/r,~v' <br /> <br />Janis K. Womack <br />City Clerk <br />