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HomeMy WebLinkAboutRES 3332 CITY OF RENTON, WASHINGTON RESOLUTION NO. 3332 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, AUTHORIZING THE MAYOR AND CITY CLERK_TO ENTER INTO AN AGREEMENT WITH THE TRANSPORTATION IMPROVEMENT BOARD FOR URBAN ARTERIAL TRUST ACCOUNT FUNDS. WHEREAS, the City of Renton plans certain improvements to Main Avenue South between Grady Way and South Third Street; and WHEREAS, the Transportation Improvement Board has funds in the Urban Arterial Trust Account to assist the City in its improvements; and WHEREAS,the Transportation Improvement Board has authorized funds for this project up to and including the amount of$1,809,977; and WHEREAS, it is necessary to document the terms and conditions under which the • Transportation Improvement Board will provide Urban Arterial Trust Account funds to the City of Renton; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS: SECTION I. The above recitals are found to be true and correct in all respects. SECTION II. The Mayor and City Clerk are hereby authorized to enter into an agreement with the Transportation Improvement Board for Urban Arterial Trust Account funds for the Main Avenue South Project between Grady Way and South Third Street. PASSED BY THE CITY COUNCIL thisi 5th day of ,T„n p , 1998 Marilyn J. "Tet; , City Clerk 1 RESOLUTION NO. 3332 APPROVED BY THE MAYOR this 15th day of June , 1998 Jes anner, Mayor Approved a orm: Lawrence J. Warren, Cit Attorney RES.655:6/01/98:as. • 2