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Res 127-2007 8/7/2007 RESOLUTION NO. ��D�� RESOLUTION TO APPROVE ADVANCED FUNDING AGREEMENT FOR HAZARD ELIMINATION/SAFETY PROJECTS THROUGH THE TEXAS DEPARTMENT OF TRANSPORTATION; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the Texas Department of Transportation is proposing to re-construct various signal and street lighting infrastructure through the Hazard Elimination/Safety Program; and WHEREAS, the City is required to participate by matching 10% of the construction costs. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The Advanced Funding Agreement is accepted and the City Manager is hereby authorized to execute said agreement with the Texas Department of Transportation. SECTION 2. The current local match for the project is estimated to be $60,421.00, which will be considered in the Fiscal Year 2007/2008 Budget. SECTION 3. It is hereby officially found and determined that the meeting at which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the 7th day of August 2007. cti MAYOR ATTEST: City Clerk