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RESO 1998-02 - TxDOT Finance ProgramRESOLUTION NO. 98-02 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, AUTHORIZING PARTICIPATION IN TEXAS DEPARTMENT OF TRANSPORTATION'S INNOVATIVE FINANCE PROGRAM; AND MAKING OTHER FINDINGS AND PROVISIONS RELATED THERETO. WHEREAS WHEREAS WHEREAS WHEREAS WHEREAS WHEREAS The City of Huntsville desires to participate in the Innovative Finance Program to install security items at the Huntsville Municipal Airport; and The City of Huntsville hereby offers 25% of project costs to match 75% federal funds, currently estimated to be $5,000 in local funds; and Local funds will be available to meet project expenditures; and The City of Huntsville agrees to operate and maintain the installed security items for the useful life of the asset; and The City of Huntsville hereby requests financial assistance from the Texas Department of Transportation for installation of the security items; and The City of Huntsville intends to name the Texas Department of Transportation as its agent for the purposes of applying for, receiving and disbursing all funds for these improvements and for the administration of contracts necessary for the implementation of these improvements; NOW, THEREFORE, be it resolved by the City Council of the City of Huntsville, Texas, that: SECTION 1: The City of Huntsville hereby directs Gene Pipes, City Manager to execute on behalf of the City of Huntsville, at the appropriate time, and with the appropriate authorizations of this governing body, all contracts and agreements with the State of Texas, represented by the Texas Department of Transportation, and such other parties as shall be necessary and appropriate for the implementation of the improvements to the Huntsville Municipal Airport. SECTION 2: This resolution shall take effect immediately upon passage by City Council. Passed and approved this 13th day of January 1998. HE CITY OTSVkLLE William B. Green, Mayor AT EST: t(J1/tiditateZ-/L, Danna Welter, City Secretary APP 1 ED A 0 FORM Sc o Bounds, ity Attorney