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Res 157-93 10/19/1993RESOLUTION NO. I rj-I-q,z) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT TO ENHANCE THE INTERMODAL TRANSPORTATION SYSTEM BY ASSISTING THE WICHITA COUNTY HERITAGE SOCIETY TO REHABILITATE, TO A RESTAURANT, THE ROUTE BUILDING AT 503 EIGHTH STREET, LOTS 1 & 2 , BLOCK 177, ORIGINAL TOWNSITE, CITY OF WICHITA FALLS, TEXAS; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City Council of the City of Wichita Falls finds there is a need for preservation of historic structures in the City of Wichita Falls and to reinforce community identity and foster civic pride in the appearance of the City and in the accomplishment of the past; WHEREAS, the City Council desires to attract tourists and visitors there'py promoting economic development and stabilizing property values in the downtown area of Wichita Falls; WHEREAS, a State-Wide Transportation Enhancement Program Nomination Form to be submitted to the Texas Department of Transportation is currently pending for the Route Building; WHEREAS, the proposed project is consistent with the Wichita Falls Study Area Long-Range Transportation Plan and the Wichita Falls Land-Use ?lan; WHEREAS, the project is in close proximity to U. S. Highway 287 Business Route (Scott Street) and the Fort Worth & Denver Railroad; therefore, eligibility for the Intermodal Surface Transportation Efficiency Act (ISTEA) Enhancement Program funds may be possible; and WHEREAS, the City Council of the City of Wichita Falls recommends the project be considered by the Texas Department of Transportation for enhancement funding. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS: SECTION 1. The preamble stated above is made a part of this Resolution. SECTION 2 . That the City Manager is authorized to execute an agreement providing a twenty percent (20%) match, or $74 , 000, of the estimated $370, 000 to rehabilitate the above described property to a restaurant realizing a low estimate may result in an increase in the amount of funding required for the local match. SECTION 3 . The authorization granted by this Resolution is made contingent upon the approval of Federal Transportation Funds for the remaining eighty percent (80%) cost of the project. SECTION 4 . 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 19th day of October, 1993 . M A Y O R(-:////// 2 ATTEST: 6 410) W"". } CITt CLERK