RESOLUTION NO. 178-05
A RESOLUTION ACCEPTING A GRANT OF FEDERAL FUNDS AND AUTHORIZING CITY FUNDS FOR MEDIAN INSTALLATION, STREETSCAPING AND LANDSCAPING RENOVATIONS TO MAIN STREET BETWEEN 7TH AND 8TH STREETS
RECITALS:
The City Council of the City of Grand Junction, hereby resolves to enter into a contract with the State of Colorado, Department of Transportation (State) for the installation of medians, streetscaping and landscaping on Main Street, from 7th Street to 8th Street. The project is funded in large part by funds made available under the Transportation Equity Act for the 21st Century of 1998, also known as TEA-21. The agreement authorized by this resolution is for construction of the project.
Funding for this project consists of matching ratio funds, as follows:
Federal funds (80%) = $204,427.00
Local funds (20%) = $51,107.00
Total funds for Project = $255,534.00
NOW, THEREFORE, BE IT HEREBY RESOLVED THAT:
1) The City Council of the City of Grand Junction, Colorado, hereby approves the receipt of Federal funds under the Surface Transportation Improvement Program, in the amount of $204,427.00.
2) The City Council of the City of Grand Junction, Colorado, hereby authorizes the expenditure of funds (estimated to be $51,107.00) as necessary to meet the terms and obligations of the Contract between the City of Grand Junction and the State of Colorado for Project STE M555-025, (15241).
3) The City Council of the City of Grand Junction, Colorado, hereby authorizes the City Manager to execute the Contract between the City of Grand Junction and the State of Colorado Department of Transportation for installation of medians, streetscaping and landscaping on Main Street, from 7th Street to 8th Street.
4) This resolution shall be in full force and effect from and after its passage and approval.
PASSED AND APPROVED this 7th day of December, 2005.
/s/: Gregg Palmer______
Gregg Palmer, Council President Pro Tem
City of Grand Junction
Attest:
/s/: Stephanie Tuin
Stephanie Tuin, City Clerk