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R88-06 02-15-88P~SOLUTION NO. R88-6 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS AUTHORIZING THE MAYOR AND EACH COUNCILMEMBER TO EXECUTE, ON BEHALF OF THE CITY, AN AGREEMENT WITH THE STATE DEPARTMENT OF HIGHWAYS AND PUBLIC TRANSPORTATION FOR THE PAYMENT OF THE CITY OF PEANLAND'S SHARE OF COSTS FOR THE IMPROVEMENT OF F.M. 518 WITHIN THE CITY, IN FOUR INSTALLMENTS. WHEREAS, The City of Pearland and the State of Texas through the State Department of Highways and Public Transportation have agreed, by the City's acceptance of Minute Order 84667, for the widening and improvements of F.M. 518 within the city limits of Pearland, that the City shall be responsible for the payment of the sum of Two Million Two Hundred Seventy-Seven Thousand Two Hundred Thirty-One and 55/100 ($2,277,231.55), as the City's share of the costs of such project; and WHEREAS, it is the desire of the City Council to make such payments in four installments; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: THAT the Mayor and each Councilmember shall be and are hereby authorized to execute on behalf of the City the attached Agreement with the State, acting by and through the Department of Highways and Public Transportation, for the payment of the City's share of the construction costs for the above said F.M. 518 project, in four installments; and, THAT this Resolution shall be in full force and effect from after its passage on first and only required reading. PASSED, A. D., 1988. APPROVED and ADOPTED this the __/~___ day of J~., Mayor and ATTEST: City SeCretary APPROVED AS TO F : ey