Res 2025-003 approving an Advance Funding Agreement (AFA) (CSJ No. 0914-33-106) with the State of Texas, acting through the Texas Department of Transportation (TxDOT) for a Highway Safety Improvement Program (HSIP)

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RESOLUTION NO. 2025-03R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS,TEXAS APPROVING AN ADVANCE FUNDING AGREEMENT (AFA) (CSJ NO. 0914-33-106) WITH THE STATE OF TEXAS, ACTING THROUGH THE TEXAS DEPARTMENT OF TRANSPORTATION (TXDOT) FOR A HIGHWAY SAFETY IMPROVEMENT PROGRAM (HSIP) UTILIZING TRANSPORTATION DEVELOPMENT CREDITS FOR THE THORPE LANE AT SPRINGTOWN WAY PROJECT; AUTHORIZING THE CITY MANAGER, OR HER DESIGNEE, TO EXECUTE SAID AGREEMENT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, via Minute Order 116752, the Texas Transportation Commission authorized the Thorpe Lane at Springtown Way project (the "Project) for a Highway Safety Improvement Program (HSIP) and utilizing Transportation Development Credits for project construction and Texas Department of Transportation (TxDOT or the State)oversight; and WHEREAS, the HSIP funds require a local match, the City of San Marcos commits to provide the match. The local match is comprised of cash or Transportation Development Credits (TDCs); and WHEREAS, the City of San Marcos is responsible for all non-reimbursable costs and 100% of overruns, if any; and WHEREAS, the City Council of the City of San Marcos desires to reaffirm its support of the Project and approve and authorize the execution of an Advance Funding Agreement (AFA) with TxDOT for the Project; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. The attached Advance Funding Agreement (AFA) with the Texas Department of Transportation for a Highway Safety Improvement Program(HSIP)project for the Thorpe Lane at Springtown Way project ("the Project") (CSJ No. 0914-33-106) is hereby approved. PART 2. The City Manager, or her designee, is authorized to execute said agreement on behalf of the City. PART 3. This resolution shall be in full force and effect immediately from and after its passage. ADOPTED on January 7, 2025.