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2006-066RESOLUTION N0.06-066 OFFICIAL RECORD A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS EXPRESSING SUPPORT FOR THE CITY OF GRAPEVINE'S AND TARRANT COUNTY'S APPLICATION FOR REIMBURSEMENT FUNDING FOR THE CONSTRUCTION OF SH 26 BETWEEN THE CITY OF COLLEYVILLE CITY' LIMITS AND THE INTERCHANGE WITH SH 114. WHEREAS, the City of Southlake desires to support regional transportation projects, such as the Grapevine portion of SH 26 between the City of Colleyville City Limits and the interchange with SH 114, which provide for the flow of traffic resulting from the rapid growth of the Northeast Tarrant County area; and WHEREAS, the City of Southlake recognizes the leadership positions that the City of Grapevine and Tarrant County are taking by committing to provide initial funding participation for the above referenced On System project in the respective amounts of $2,000,000 and $6,400,000; and, WHEREAS, the City of Southlake recognizes that the initial funding by the local entities enables this project to proceed in concert with the Colleyville section at a time when the State of Texas does not have short term funding available. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS: 1. That the City of Southlake supports the request of Grapevine and Tarrant County for "Pass Through" Financing of the construction of SH 26 between the City of Colleyville City Limits and the interchange with SH 114; and, 2. That the City of Southlake urges the Texas Department of Transportation to give favorable consideration to the above referenced request for use of "Pass Through" financing on SH 26; and, 3. That the City Council of the City of Southlake hereby authorizes the Mayor to dispense a letter to the members of the Texas Transportation Commission expressing the City of Southlake's support of the use of "Pass -Through" financing for the construction of the Grapevine portion of SH 26. PASSED AND APPROVED THIS THE 7th DAY of NOVEMBER, 2006. Andy Wambsganss Mayor ATTEST: gOV TH,4,1 Lori A.Farwell, TRMC v City Secretary 0*60. 6