Res 1992-044 - Laserfiche WebLink

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Sfl¡;¡e Department of Highways IIIId Public Transportation A C. F- Form D-15-129 greement to ontnbute unG.~ Rc\. 3~6 (City Form) THE STATE OF TEXAS r Contract No. N/A r County HAYS COUNTY OF TRAVIS J Project No. NI A CSJ No. 0366-01-"¡ J.,. Account No. 8014-1- 'is'-t This Agreement by and between the State of Texas, acting by and through the State Department of Highways and Public Transportation, hereinafter called the State, and San Marcos , Texas, acting by and through its duly authorized officials under t«ts.!J1lutiGted the 13 th day of Apr iI, 19 92 , hereinafter called the City, shall be effective on the date of approval and execution by and on behalf of the State. WHEREAS, the State had requested the City to enter into a contractual agreement and acquire right of way on the following project: Highway Limits S.H. 123 From 0.3 Mi. South of Broadway To 0.3 Mi. North of Broadway, in San Narcos ; and WHEREAS, the City has now requested that the State assume responsibility for acquisition of all necessary right of way; and WHEREAS, the City desires to voluntarily contribute to the State funds, equal to ten percent (10070) of the cost of the right of way, for the proper development and construction of the State Highway System; NOW, THEREFORE, in consideration of the foregoing premises and the mutual benefits to be derived therefrom, the City shall contribute to the State an amount equal to ten pef(~ent (10%) of the cost of the right of way to be acquired by the State and shall transmit to the State with the return of this agreement, executed by the City, a warrant or check payable to the State Department of Highways and Public Transportation in the amount of Six-thousand-seven-hundred-eighty and no/100--------------------- Dollars ($ 6.780.00 ),which represents 10% of the estimated cost of the right of way; however, if it is found that this amount is insufficient to pay the City's obligation, then the City, upon request of the State, will forthwith supplement this amount in such amount as requested by the State. Upon completion of the project and in the event the amount as paid is more than 10070 of the cost of the right of way, then any excess amount will be returned to the City. Cost of the right of way acquired by the State shall mean the total value of compensation to owners for their property interests either by negotiation or eminent domain. This agreement is approved and executed by and on behalf of the State on the date shown hereinafter. CITY OF SAN IvlARCOS , TEXAS EXECUTION RECOMMENDED: ~ J.JJ'~ j ß By: . . 1J'-~ j - tffek ~ Larry D.~llev, <3:lty Manager ATTEST: Certified as being executed for the purpose and effect of activating and/or carrying out the orders, established policies, or work programs heretofore approved and authorized by the State Highway an Public Transportation Commission. BY: Date 4-m~C¡Q~