R-3553-2-18RESOLUTION NO. 3553.2-18(R)
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, APPROVING THE TERMS AND CONDITIONS OF THE
ADVANCE FUNDING AGREEMENT (HEREINAFTER "AGREEMENT') FOR THE
US 75 - ROUNDABOUT PROJECT, BY AND BETWEEN THE CITY OF ALLEN,
TEXAS, AND THE STATE OF TEXAS, ACTING BY AND THROUGH THE TEXAS
DEPARTMENT OF TRANSPORTATION; AUTHORIZING ITS EXECUTION BY
THE CITY MANAGER; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council has been presented a proposed Advance Funding Agreement by and between
the City of Allen, Texas, and the State of Texas, acting by and through the Texas Department of Transportation,
which provides funding for the construction of a roundabout on US 75 at Allen Drive, in the City of Allen,
Collin County, Texas (CSJ 0047-06-164) (US 75 - Roundabout Project), substantially in the form attached as
Exhibit "A" and incorporated herein by reference; and,
WHEREAS, the City Council is of the opinion and finds that the City Manager should be authorized to execute
an Advance Funding Agreement by and between the City of Allen, Texas, and the State of Texas, acting by and
through the Texas Department of Transportation, which provides funding for the construction of a roundabout
on US 75 at Allen Drive, in the City of Allen, Collin County, Texas (CSJ 0047-06-164) (US 75 - Roundabout
Project), substantially in the form attached as Exhibit "A."
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, THAT:
' SECTION 1. An Advance Funding Agreement for the US 75 - Roundabout Project, which provides funding
for the construction of a roundabout on US 75 at Allen Drive, in the City of Allen, Collin County, Texas, is
hereby approved, and the City Manager is hereby authorized to execute an Advance Funding Agreement by
and between the City of Allen, Texas, and the State of Texas, acting by and through the Texas Department of
Transportation, which provides funding for the construction of a roundabout on US 75 at Allen Dove, in the
City of Allen, Collin County, Texas (CSJ 0047-06-164) (US 75 - Roundabout Project), substantially in the form
attached as Exhibit "A" (and any amendments thereto, including any related instruments) on behalf of the City
of Allen, Texas.
SECTION 2. This Resolution shall take effect immediately upon its passage.
DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, ON THIS THE 27TH DAY OF FEBRUARY 2018.
APPROVED:
Stephen errell, MAYOR
ATTEST:
1 Shelley B. George, TRMC, CITY SECRETARY
(PGS:2-16-18:TM 96279)