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RES NO 01-07-2004 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 1 1 -2004 A RESOLUTION EXPRESSING THE WILLINGNESS OF THE CITY OF VAN BUREN, ARKANSAS TO UTILIZE FEDERAL-AID MONIES FOR SIGNALIZATION PROJECTS IN THE CITY OF VAN BUREN. WHEREAS, The City of Van Buren understands Federal -Aid Surface Transportation funds are available to provide traffic signals on Highway 59 (4` Street) at 1 -540 Eastbound and Westbound Ramps at the following Federal participating ratios: Federal State City Type Work Work Phase Share Share Match Traffic Signals/ Construction 80 20 0 Intersection Engineering Improvements: State Highway System Traffic Signals/ Construction 80 20 0 Improvements: Engineering Not on State Highway System Right -of -Way 0 0 100 Utilities Projects programmed All Phases 0 0 100 But not let to contract NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS, THAT: SECTION I: The City will participate in the signalization project on Highway 59 (4 Street) at 1 -540 Eastbound and Westbound Ramps in accordance with its designated responsibility in this project. SECTION 2: The Mayor is hereby authorized and directed to execute all appropriate agreements and contracts necessary to expedite the construction of this City project. SECTION 3: The City pledges its full support and hereby authorizes the Arkansas State Highway and Transportation Department to initiate action to construct this City project. THIS RESOLUTION passed and approved this day oXaffig e 2004. MAYOR T RIG��� ATTEST: CITY CLERK TREASURER 0