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2025-044 ResolutionCITY OF SOUTHLAKE, TEXAS RESOLUTION NO. 25-044 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS, APPROVING AN ADVANCE FUNDING AGREEMENT FOR GREEN RIBBON FUNDING ON -SYSTEM WITH THE TEXAS DEPARTMENT OF TRANSPORTATION (TxDOT); AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Southlake, Texas ("City") is a home rule municipality acting under its charter adopted by the electorate pursuant to Article XI, Section 5, of the Texas Constitution and Chapter 9 of the Local Government Code; and WHEREAS, the City of Southlake has submitted an application to the Texas Department of Transportation ("TxDOT") for Green Ribbon funding in March of 2025, for SH114 from 1000 feet north of N. White Chapel Boulevard to N. White Chapel Boulevard and SH114. WHEREAS, the City of Southlake was notified by the Texas Department of Transportation ("TxDOT") on June 30, 2025, that its application for Green Ribbon Funding was accepted for the Landscaping of SH114 Project; and WHEREAS, the Texas Department of Transportation has requested that the City of Southlake approve the Advance Funding Agreement for Green Ribbon Program On -System (the "Agreement"); and WHEREAS, the Advance Funding Agreement outlines the responsibilities of the City of Southlake, the State and Federal Government, with a total estimated cost of $527,430 with the City's share of the costs estimated to be $81,000 for engineering and environmental work. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, THAT: SFrTIC)N 'I All the findings in the preamble are found to be true and correct and the City Council does hereby incorporate said findings and recitals into the body of this Resolution as if copied in its entirety. SECTION 2 The City of Southlake authorizes and approves an Advance Funding Agreement with the State of Texas for Green Ribbon Program On -System Landscaping of SH114. SECTION 3 The City will be responsible for construction cost overruns and engineering and environmental costs of $81,000 plus related cost overruns. SECTION 4 The City Manager is authorized to execute all documents necessary to complete this transaction. SECTION 5 This Resolution shall become effective immediately upon passage and it is so resolved. PASSED AND APPROVED THISOW(—DAY OF e- ".{ , 2025. APPROVED: V vY v l/' Shawn McCaskill, Mayor ATTES tAShelley, City Secreti . . N iU