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2005-039 (2) ResolutionRESOLUTION NO. 05-039 OFFICIAL RECORD A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS AUTHORIZING AND ENDORSING THE APPLICATION FOR FUNDING FROM THE TARRANT COUNTY 2006 TRANSPORTATION BOND PROGRAM FOR THE CONSTRUCTION OF FM 1938 (PHASE II) FROM FM 1709 NORTH TO THE CITY LIMITS. WHEREAS, State Highway 114 and Farm to Market Road 1709 represent primary east -west means of access for northeast Tarrant County; and WHEREAS, S. H. 114 and F. M. 1709 do not have an adequate north -south connection to serve increasing commercial and residential development demands; and WHEREAS, construction of F. M. 1938 as a four lane divided roadway from S. H. 114 to F. M. 1709 has been proposed as part of the regional transportation network for many years; and WHEREAS, F. M. 1938 is shown on the Town's/City's Thoroughfare Plan as a major arterial; and WHEREAS, a north -south arterial is critically needed in this region for efficient and safe movement of vehicular traffic; and WHEREAS, constructing F. M. 1938 from S. H. 114 to F. M. 1709 completes a gap in the regional transportation network and connects Loop 820 and S. H. 114, two controlled -access state facilities; and WHEREAS, the FM 1938 (Phase II) project will be submitted in the North Central Texas Council upcoming joint -venture call for projects; and WHEREAS, the North Central Texas Council of Government through the joint venture call for projects will serve as the funding source for the 50% matching cost share; and WHEREAS, the Town of Westlake/City of Keller/City of Southlake will provide right-of-way within the town's/city's corporate town/city limits and fund a portion of engineering costs. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, THAT: Section 1. The application for funding from the Tarrant County 2006 Transportation Bond Program for construction of the FM 1938 (Phase II) is hereby authorized and endorsed. Section 2. The resolution shall take effect upon its passage and approval. n u .2005. PASSED AND APPROVED this the 10—day of /'CLQ ATTEST: City Secretary APPROVED: or co I •iti.{iN• iilM \\,\