R-2431-8-05RESOLUTION NO. 2431-8-05(R)
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, SUPPORTING FUNDING FOR THE CONSTRUCTION OF THE
STATE HIGHWAY 121 MAIN LANES IN COLLIN COUNTY; AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, the North Texas region continues to experience dramatic growth as the area's population now
exceeds 5.7 million people; and,
WHEREAS, this dramatic growth is expected to continue with a projected population for the region of 9.0
million people by 2030; and,
WHEREAS, this region continues to lead Texas in economic measures including the creation ofjobs, retail
sales and regional gross product; and,
WHEREAS, motorist delay and congestion on our regional and local thoroughfare networks are expected
to double in the next 10 years; and,
WHEREAS, the Texas Department of Transportation has spent over $300 million to acquire right-of-way
land and start construction of the State Highway 121 (SH 121) service side roads; and,
WHEREAS, the Cities of Allen, Frisco, McKinney, and Plano and Collin County have invested over $ I00
million in donated right-of-way land, construction improvements and available funding to SH 121; and,
' WHEREAS, the State of Texas and the Texas Department of Transportation do not have the money
available now or in the next 20 to 30 years to pay the estimated $400 million cost to complete the main lanes
and two highway intersections of SH 121; and,
WHEREAS, the Cities of Allen, Frisco, McKinney, and Plano and Collin County desire to see the
completion of the SH 121 main lanes and two highway intersections by 2010 to meet the increasing traffic
and mobility needs; and,
WHEREAS, SH 121 is an integral part of the transportation system in Collin County.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ALLEN,
COLLIN COUNTY, TEXAS, THAT:
SECTION 1. The City Council of the City of Allen supports funding the construction, maintenance and
operation of SH 121 main lanes from the Collin/Denton County boundary to US 75, the interchange at Dallas
North Tollway/SH 121 and the interchange at US 75/SH 121 (the "Project") with the use of tolls only under
the following conditions:
a. The Project will be locally controlled, including financial and operational decisions, by Collin County
and the Cities of Allen, Frisco, McKinney, and Plano ("Local Authority");
b. Local Authority may contract with the North Texas Tollway Authority, or another qualified provider,
to operate the Project;
' c. Local Authority will seek the best financing for issuing bonds for the Project, which may include
using the full faith and credit of Collin County for the bonds;
d. Local Authority will set tolls to pay debt service payments, improvements, maintenance and operation
of the Project. Distribution of excess revenues, if any, will be equally shared by the five parties to the
' Local Authority.
SECTION 2. If there is any deviation from SECTION 1 by the State of Texas, the Texas Highway
Commission, the Texas Department of Transportation, the Regional Transportation Council, or any other
entity having authority over the Project, then the City Council of the City of Allen opposes the use of tolls for
the project and upon that event, this Resolution shall become null and void.
SECTION 3. This Resolution shall become effective immediately from and after its passage.
DULY PASSED AND APPROVED BY THE CITY COUNCIL. OF THE CITY OF ALLEN, COLLIN
COUNTY, TEXAS, THE 9ra DAY OF AUGUST, 2005.
APPROVED:
teph Terrell, MAYOR
ATTEST:
Shelley B. George, C, CITY sEVRETARY
Resolution No. 2431-8-05(R), Page 2