RESOLUTION NO. 27-98

   A RESOLUTION ACCEPTING A GRANT FOR FEDERAL-AID FUNDS FROM THE INTERMODAL SURFACE TRANSPORTATION EFFICIENCY ACT OF 1991 FOR THE PROJECT IDENTIFIED AS STE M555-008 (12068), OR THE 24 ROAD BIKE AND PEDESTRIAN PATH.

RECITALS:

 The City Council of the City of Grand Junction, hereby resolved in Resolution 27-98, to enter into a contract with the State of Colorado, Department of Transportation to participate in a Federally funded project to construct a bicycle and pedestrian path adjacent to 24 Road from Patterson Road to Canyon View Park.

 The total cost of the preliminary engineering, material and construction of the path are to funded as follows:

a.  Federal participating funds              $ 80,000

 (80% of $100,000)

b.  Local Agency Share              $ 20,000

                   -------------

         TOTAL PROJECT FUNDS    $ 100,000

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

 The City Council approves the matching of Federal funds with City funds in the amount of $20,000.

 PASSED and APPROVED this 1st day of April, 1998.

             /s/ Janet L. Terry      

             Mayor, City of Grand Junction

Attest:

/s/ Stephanie Nye      

City Clerk

file:g:pworks/markr/msoffice/winword/res_24rd.doc