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RES NO 05-04-1999 RESOLUTION NO. S"I (qq9 A RESOLUTION EXPRESSING THE WILLINGNESS OF 0 THE CITY OF VAN BUREN TO UTILIZE FEDERAL -AID HIGH PRIORITY PROJECT FUNDS WHEREAS, the City of Van Buren understands Federal -aid High Priority Project funds are available at 80% federal participation and 20% local cash match for the following project: to conduct a feasibility study for an intermodal port facility at Van Buren. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF VAN BUREN, THAT: SECTION I: the Van Buren Public Facilities Board will participate in accordance with its designated responsibility, including maintenance of this project. SECTION II: Luke Gordy, Chairman of the Van Buren Public Facilities Board, is hereby authorized and directed to execute all appropriate agreements and contracts necessary to expedite the construction of the above stated improvement. SECTION III: the City of Van Buren pledges its full support and hereby authorizes the Arkansas State Highway and Transportation Department and the Federal Highway Administration to initiate action to implement this project. Yd 1 RESOLUTION adopted this 7 day of L it 1999. ATTEST: ...IA „il ..L„,. ri\ R n Rig Mayor (SEAL)