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2000-037RESOLUTION NO. 00-37 A RESOLUTION AUTHORIZING THE CITY OF SOUTHLAKE TO TERMINATE PARTICIPATION AND RELINQUISH CLAIM TO THE REMAINING BALANCE OF GRANT FUNDING AVAILABLE THROUGH THE TEXAS DEPARTMENT OF TRANSPORTATION, HERINAFTER REFERRED TO AS "DEPARTMENT," THROUGH THE STATEWIDE TRANSPORTATION ENHANCEMENT PROGRAM STEP), HERINAFTER REFERRED TO AS THE "PROGRAM," TO COMPLETE THE STATE HIGHWAY 26 / COTTONBELT TRAIL PROJECT; AND AUTHORIZING THE CITY OF SOUTHLAKE TO SUBMIT A REQUEST TO THE DEPARTMENT THAT THE OUTSTANDING BALANCE OF GRANT FUNDING BE REALLOCATED TO THE CITY OF COLLEYVILLE'S PARTICIPATION IN THE PROGRAM. WHEREAS, the Department has approved the "program" for the purpose of allowing the political subdivision of the State of Texas to participate in the Program; and WHEREAS, the City of Southlake received authorization to apply for grant funding through the program by the approval of Resolution 96-15 on May 15, 1996; and WHEREAS, the passage of Resolution 98-33 authorized the City to enter into an agreement with the Department for a matching requirement of $48,000; and WHEREAS, the estimated costs to complete the project have raised the cost for the City of Southlake to participate in the program above the original matching requirements of 48,000; and WHEREAS, it is possible and beneficial for the cities of Colleyville, Grapevine, and the Department to complete the project by 2004 without the City of Southlake's participation; now: THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, THAT: Section 1: Termination of the agreement with the Department, and relinquishing claim to the outstanding grant balance. As the costs of participation in the program will exceed the original scope of matching requirements in the amount of $48,000, the City Council authorizes the City Manager and/or his designee to hereby terminate the agreement with the Department, and thus relinquishes claim to the outstanding grant balance. CATEMP\RES00 37.doc Section 2: Request reallocation of the grant balance towards the City of Colleyville's participation in the Program. As the project can be completed by the year 2004 through the participation of the cities of Colleyville and Grapevine, and the Department through Highway 26 reconstruction, the City Council authorizes the City Manager and/or his designee to submit a request to the Department to reallocate the grant balance to the City of Colleyville to assist in their continued participation in the project. EXECUTED this /7 Secretary CATEMP\RES00 37.doc of '2000. CITY OF SOUTHLAKE By: Mayor