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HomeMy WebLinkAboutResolution 06-1998 RESOLUTION NO. 6-98 AUTHORIZING THE MAYOR TO SIGN AN AGREEMENT TO EXCHANGE FEDERAL FOR STATE FUNDS FOR CONSTRUCTION OF PROJECT P3301(3) - MEDARY AVENUE SOUTH WHEREAS,both parties of this Agreement desire that Project P 3301(3) on Medary Avenue from 15�' Street to 22"d Street hereinafter referred to as"Project"be constructed in 1998; AND WHEREAS, it is in the best interest to let Project as a state project thus eliminating certain federal requirements resulting in significant anticipated cost savings; AND WHEREAS, Project is currently programmed at an estimated cost of$625,000 based on federal standards; AND WHEREAS, Project costs include preliminary engineering, construction, gravel surfacing, and construction engineering, with a total estimated at$550,000 based on local standards; AND WHEREAS, adequate funding is available utilizing FY 1998 and FY 1999 funding; NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Brookings to hereby authorize the Mayor to sign the Agreement to Exchange Federal for State Funds for Construction Project P3301(3), PCEMS 4062 in Brookings. Passed and approved this 2nd day of February, 1998. ,' . Mayor � �n. �;,��°�;�rti;f,;•;�s h9',R.9 ';6 P�; 1��33 •� oo'•. r� i� . Finance Officer