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RESOLUTION 2016 -99R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, REPLACING THE ORIGINAL ADVANCE FUNDING <br />AGREEMENT AND APPROVING THE REPLACEMENT ADVANCE <br />FUNDING AGREEMENT FOR A LOCAL TRANSPORTATION PROJECT <br />(CSJ- 0914 -33 -032) BETWEEN THE CITY AND THE STATE OF TEXAS <br />ACTING THROUGH THE TEXAS DEPARTMENT OF TRANSPORTATION <br />( "TXDOT ") FOR THE SESSOM DRIVE IMPROVEMENTS PROJECT; <br />INCREASING THE CITY'S LOCAL PARTICIPATION CONTRIBUTION <br />FROM $821,500.00 TO $1,550,008.00; AUTHORIZING THE CITY <br />MANAGER OR HIS DESIGNEE TO EXECUTE THIS REPLACEMENT <br />ADVANCE FUNDING AGREEMENT EMENT ON BEHALF OF THE CITY AND <br />DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. On February 7, 2006 the City Council approved a Local Transportation Project Advance <br />Funding Agreement ( "AFA ") with the State of Texas acting through the Texas Department of <br />Transportation ( "TxDOT ") for the Sessom Drive Improvements Project (CSJ#0914 -33 -032). <br />2. On July 25, 2006 the City administratively approved Amendment No. 1 to the AFA for <br />the Sessom Drive Improvements Project and on August 19, 2014 the City approved Amendment No. <br />2 to the same AFA. <br />3. In order to meet current federal standards and because there has been a revision to the <br />project limits, TxDOT wishes to replace the original AFA for the Sessom Drive Project with the <br />attached replacement AFA for the Sessom Drive Improvements Project in order to better reflect the <br />necessary changes. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Local Transportation Project Advance Funding Agreement (CSJ- <br />0914-33 -032) for the Sessom Drive Improvements Project which replaces the original AFA for the <br />same project is approved. <br />PART 2. An increase in the local participation contribution from $821,500.00 to <br />$1,550,008.00 for the Sessom Drive Improvements Project is approved. <br />PART 3. The City Manager or his designee is authorized to execute the replacement AFA <br />for the Sessom Drive Improvements Project. <br />