HomeMy WebLinkAboutRes 2015-06-04 East Fork payment plan.pdfCITY OF ANNA, TEXAS
RESOLUTION NO. 2015-06-04
A RESOLUTION OF THE CITY OF ANNA, TEXAS APPROVING A PAYMENT PLAN FOR THE
UPGRADE OF EAST FORK CIRCLE.
WHEREAS, East Fork Circle is a public street in the City of Anna serving City residents and said
street is unpaved and/or in need of upgrade and repair; and
WHEREAS, the City Council of the City of Anna ("Council") has received and reviewed
information regarding the feasibility of providing for such upgrade and/or repair and has
determined that said street should be upgraded to two -course penetration asphalt over a 4,900
foot length; and
WHEREAS, the City has in the past received assistance with similar street projects from the
Collin County Public Works Department; and
WHEREAS, the Collin County Commissioners Court approved Order 2014-875-11-10 approving
County assistance for the East Fork Circle upgrade and approving a payment plan for the City
providing for ten annual payments of approximately $21,711.36 beginning fiscal year 2017 to
repay a loan in the amount of $189,630 to help fund the upgrade; and
WHEREAS, attached to this resolution as Exhibit A is a memorandum from the Collin County
Director of Public Works describing said street project and payment plan, an amortization
schedule, and Collin County Commissioners Court approved Order 2014-875-11-10; and
WHEREAS, funding will be allocated in the 2017 Fiscal Year Streets budget for the first payment
and allocated annually thereafter for the remaining payments; and
WHEREAS, the Council desires to express its gratitude to Collin County for its assistance and to
acknowledge its agreement to abide by said payment plan;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS:
SECTION 1. The above recitals are incorporated herein as if set forth in full and are adopted
by the Council as part of its findings and determinations regarding the matters set forth therein.
SECTION 2. The Council further officially finds, determines, and declares its support of the
East Fork Circle upgrade project, its acceptance of the above-described County assistance and
its intent to abide by the associated payment plan and to make such payments as they become
due out of current funds.
City of Anna Resolution No. 2015-06-04 Page 1 of 2
PASSED AND APPROVED on this 9th day of June, 2015.
APPROVED:
Mike Crist, Mayor
City ofAnna Resolution No. 2OlS-O5-O4 Page Zof2
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APPROVED:
Mike Crist, Mayor
City ofAnna Resolution No. 2OlS-O5-O4 Page Zof2