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HomeMy WebLinkAbout120-97 RESOLUTION RESOLUTION NO. 120-97 A RESOLUTION AUTHORIZING THE CITY OF FAYETTEVILLE TO ENTER INTO A 50/50 COST SHARING AGREEMENT WITH THE ARKANSAS STATE HIGHWAY AND TRANSPORTATION DEPARTMENT FOR THE WIDENING OF AN APPROXIMATELY ONE MILE SECTION OF STATE HIGHWAY 16 LOCATED WEST OF U.S. HIGHWAY 71. WHEREAS,the Arkansas State Highway& Transportation Department has contacted the City of Fayetteville regarding the widening of State Highway 16 from U.S. Highway 71 west to the vicinity of Meadowlands Drive, a distance of approximately one mile; and, WHEREAS, the widening of State Highway 16 is contingent upon a 50/50 cost sharing agreement with the City of Fayetteville; and, WHEREAS, the City of Fayetteville is agreeable to share the costs of widening Highway 16 upon a 50/50 basis. NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the Mayor is authorized to enter into a 50/50 cost sharing agreement with the Arkansas State Highway and Transportation Department for the widening of State Highway 16 from U.S. Highway 71 west to the vicinity of Meadowlands Drive, a distance of approximately one mile. A-eop -of the agreement is attached hereto marked Exhibit "A" and made a past h - rk PAA`S ,AND APPROVED this 16th day of December , 1997. • ` , • ` APPROVED: • . 1/.4 - f: j'. - . , Fred Hanna, Mayor ATTEST: /!etAd jX2IL J By: Traci Paul, City Clerk