RESOLUTION NO. 8-94

 A RESOLUTION ACCEPTING A GRANT FOR FEDERAL-AID OFF-SYSTEM FUNDING

 FOR HAZARD ELIMINATION PROJECT SHO M555-002

 STREET LIGHTING ON HIGHWAY I-70B

 STARTING WEST OF REDLANDS PARKWAY, EAST TO NORTH AVE.

RECITALS.

 The City Council of the City of Grand Junction resolved in Resolution 8-94 to enter into a contract with the State of Colorado, Department of Transportation to participate in a Federally funded street lighting project on Highway I-70B from approximately 23-1/2 Road to North Avenue; and

 The total cost of the preliminary engineering and construction of the street lights are to be funded as follows:

[a]  Federal participating funds    $171,000.00    (85.5% of $200,000)

[b]  Local Agency Share

 (1)  Local Agency participating funds

   (14.4% of $200,000)          $ 29,000.00

 (2)  The Local Agency non-participating

   funds for indirect costs incurred

   by the Local Agency and/or the

   State (2% of $200,000)        $ 4,000.00

 SUBTOTAL (LOCAL AGENCY SHARE)        $ 33,000.00

 TOTAL PROJECT FUNDS            $204,000.00

 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAND JUNCTION, AS FOLLOWS:

 (1)  The City Council approves the matching of said Federal

   funds with City funds in the amount of $33,000.00.

 (2)  The City Council appropriated the sum of $20,350.00 in the 1994 Budget, and intends to appropriate the balance of $12,650.00 in the first supplemental appropriation in 1994.

 (3)  This resolution shall be in full force and effect upon

   its passage and approval.

 PASSED and ADOPTED this 5th day of January, 1994.

             R.T. Mantlo

             President of the Council Pro Tem

Attest:

/s/ Stephanie Nye

City Clerk