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RES NO 08-06-1983 $`6'1`183 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 2 -1983 A RESOLUTION EXPRESSING THE WILLINGNESS OF THE CITY OF VAN BUREN TO MATCH FEDERAL AID AND URBAN SYSTEM MONIES FOR THE POINTER TRAIL PROJECT FROM HIGHWAY 59 EAST TO OLIVER SPRINGS ROAD. WHEREAS, The City of Van Buren understands additional Federal Aid and Urban System funds are available for improve ments to the city streets; and WHEREAS, The City has determined that the top priority project is Pointer Trail from Highway 59 East to Oliver Springs road; and WHEREAS The City understands that their matching portion of this project will be 25% of the total cost, and should the escrowed City matching funds be inadequate to cover the City's obligation, the Department may cause this deficiency to be withheld from the allotment of gas- oline tax returnable to the City: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: THAT: SECTION I: The City of Van Buren will participate in accordance with its designated responsibility in this project. SECTION II: The Mayor is hereby authorized and dir- ected to execute all appropriate agreements and contracts necessary to expedite the construction of the improve- ments on city streets. SECTION III: The City of Van Buren pledges its full support and hereby authorizes the Arkansas State Highway and Transportation Department to initiate action to construct this project. PASSED AND APPROVED THIS 22nd DAY OF August 19 83 4C0 jp, MAYOR ATTESTED: CITY CLERK TREASURER