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R-3096-8-12RESOLUTION NO. 30964-12(R) ' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, SUPPORTING COLLIN COUNTY'S PRIORITIZATION OF PROPOSED REGIONAL TOLL REVENUE (RTR) FUNDED TRANSPORTATION PROJECTS; AUTHORIZING THE MAYOR TO SIGN THE JOINT COLLIN COUNTY RESOLUTION REGARDING RTR FUNDED TRANSPORTATION PROJECTS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on July 9, 2012, the Commissioners Court of Collin County, Texas, met in regular session, and during such session, the Court approved the prioritization of projects to be funded from available SH 121 Regional Toll Revenue (RTR) accrued interest and savings as well as new SH 161 Regional Toll Revenue as included in the attached County's prioritization ranking spreadsheet, attached hereto as "Exhibit A"; and, WHEREAS, the Regional Transportation Council (RTC) allocated SH 121 Regional Toll Revenue funds for transportation projects within Collin Country, Texas; and, WHEREAS, interest has accrued to date, and savings from existing SH 121 RTR projects has been identified; and, WHEREAS, additional SH 161 Regional Toll Revenue Funding has been identified for Collin County; and, WHEREAS, the Texas Department of Transportation and all of the cities of Collin County submitted ' projects for consideration and possible funding with RTR funds; and, WHEREAS, all of the submitted projects were analyzed and ranked; and, WHEREAS, it is the consensus of the members of the RTC representing cities of Collin County that the attached prioritization spreadsheet should be used as a guide to allocate additional RTR funding. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, TEXAS, THAT: SECTION 1. The Allen City Council approves the new and existing RTR projects being recommended for Regional Toll Revenue funding and the methodology for approving the same. SECTION 2. The Allen City Council requests the RTC honor this list and take action to approve funding for the projects as listed in the attached prioritization spreadsheet. SECTION 3. The Allen City Council authorizes the Mayor to sign the Collin County Joint Resolution supporting Collin County's prioritization of Proposed Regional Toll Revenue (RTR) Funded Transportation Projects. SECTION 4. This Resolution shall become effective immediately from and after its passage. 1 1 DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN COUNTY, TEXAS, ON THIS THE le DAY OF AUGUST, 2012. APPROVED: Ic V-�i giepheriftermll, MAYOR ATTEST: Shelley B. George, TRMC, CITY SECRETARY Resolution No. 3096-5-12(R), Page 2