Laserfiche WebLink
• RESOLUTION 2011 - 71 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING AN AIRPORT PROJECT <br />PARTICIPATION AGREEMENT WITH THE TEXAS DEPARTMENT OF <br />TRANSPORTATION FOR THE NORTH SIDE DEVELOPMENT PROJECT <br />AT THE SAN MARCOS MUNICIPAL AIRPORT; AUTHORIZING THE <br />EXPENDITURE OF $1,200,985.00 IN LOCAL PARTICIPATION FUNDS IN <br />CONNECTION WITH ITS RECEIPT OF FISCAL YEAR 2011 FAA <br />FEDERAL FINANCIAL ASSISTANCE FROM THE TEXAS DEPARTMENT <br />OF TRANSPORTATION; AUTHORIZING THE CITY MANAGER TO <br />EXECUTE THIS PROJECT PARTICIPATION AGREEMENT ON BEHALF <br />OF THE CITY; AND DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. The City of San Marcos (the "City") intends to make certain improvements to the San <br />Marcos Municipal Airport, the general description of which is the North Side Development Project <br />(the "Project"). <br />2. Because the Texas Department of Transportation does not fund utility improvements <br />• for approved Projects, the City is solely responsible for $450,000.00 of the $1,200,985.00 in local <br />participation funds in order to provide utility infrastructure to service the Project. <br />3. The City's portion of the local participation fund amount for all but the utility <br />improvements is $750.985.00. <br />4. The City has requested financial assistance from the Texas Department of <br />Transportation to fund all but the utility improvements and has been notified that $6,441,982.00 of <br />the Project costs are eligible to receive Fiscal Year 2011 FAA Federal Financial Assistance. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The City's expenditure of approximately $1,200,985.00 in local participation <br />funds for this Project is approved. <br />PART 2. The attached Airport Project Participation Agreement (TxDOT CSJ No. <br />114SANMR) between the City and the State of Texas acting through the Texas Department of <br />Transportation for the North Side Development Project is approved. <br />PART 3. The City Manager, James R. Nuse, P.E. is authorized to execute the attached <br />Airport Project Participation Agreement on behalf of the City. <br />