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RES NO 09-02-2002 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 4 -2002 A RESOLUTION AUTHORIZING THE MAYOR TO PAY ITS PORTION OF THE COST OF THE PROJECT FOR SIGNALIZATION ON HIGHWAY 64. WHEREAS, The Council previously expressed its willingness to utilize federal -aid monies for signalization on Highway 64 in the City of Van Buren and to pay a portion of the cost for said project; and WHEREAS, The Arkansas State Highway and Transportation Department accepted the bid of Traffic Lighting Systems, Inc. in the amount of $269,139.10 to complete the project; and WHEREAS, The City's portion of the cost of the project is $26,914.05; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS: THAT, That the Mayor is authorized and directed to pay $26,914.05 to the Arkansas State Highway and Transportation Department representing the City's portion of the signalization project on Highway 64. PASSED AND APPROVED THIS IL. DAY OF SEPTEMBER, 2002. A. MA 0 R J II N RIG ATTESTED: C Ch Cle.A.k—