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HomeMy WebLinkAbout1990-053-04/17/1990-AMENDMENT DEPARTMENT OF HIGHWAYS FAUS FUNDS IGA PROJECT MG 5000 (2) RESOLUTION 90-53 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING AN AMENDMENT TO THE INTERGOVERNMENTAL AGREEMENT WITH THE STATE DEPARTMENT OF HIGHWAYS ALLOCATING FEDERAL AID TO URBAN SYSTEMS (FAUS) FUNDS FOR PROJECT MG 5000(9) WHEREAS, on the llth day of May, 1989, the City and the Colorado State Department of Highways entered into an Intergovernmental Agreement allocating $450,000 of FAUS funding for Project MG 5000(9) ; and WHEREAS, the City staff has identified various additional traffic signal projects that are needed to adequately serve the City ' s transportation system; and WHEREAS, FAUS funds are currently available in the sum of $86,000 for an increase in funding under the aforesaid Intergovernmental Agreement; and WHEREAS, the City's 1990 Transportation Division Operational Budget contains sufficient additional funds to cover any City participation that may be needed, not to exceed the sum of $2,000, in order to accomplish the enlarged project. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the Mayor be, and she hereby is, authorized to enter into an amendment to that certain Intergovernmental Agreement between the City and the Colorado State Department of Highways, dated May 11, 1989, for the purpose of increasing the allocation of FAUS funding for project MG 5000(9) from Four Hundred Fifty Thousand Dollars ($450,000) to Five Hundred Thirty-Six Thousand Dollars ($536,000) . Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this 17th day of April A . 1990_. M yor ATTEST: ` City Clerk