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HomeMy WebLinkAboutResolution 16-059 Resolution 16-059 A Resolution for Authorizing the City Manager to Sign State of South Dakota Department of Transportation Funding Transfer Agreement Whereas, the City of Brookings desires funding for the purpose of maintenance, construction, and supervision of highways and bridges under the City's jurisdiction and control in accordance with South Dakota Constitution Article XI, Section 8; and Whereas, the City of Brookings agrees to accept the payment of approximately $675,862.62 and hereby agrees that no part of the payment will be used for any other purpose nor will the payment revert to the City's general funds; and Whereas, the City of Brookings hereby agrees to keep detailed records, accounts, invoices and supporting documents pertaining to all costs paid for with exchanged funds and agrees to the terms stated in the Funding Transfer Agreement between the City and the State of South Dakota. Now, Therefore Be It Resolved, that the City Manager is hereby authorized to sign the State of South Dakota Department of Transportation Funding Transfer Agreement. CITY OF BROOKINGS !� _���o� Tim Reed, Mayor �}����� . , p �`'��� `��'° - ' ^_;-� ��i, ��� hornes, City Clerk