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RESOLUTION NO. R2� 12-�2�
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS
ACCEPTING THE RECOMMENDATIONS MADE BY THE CITIZENS ADVISORY
OVERSIGHT COMMITTEE APPOINTED BY THE CITY COUNCIL ON APRIL 19, 2005,
REGARDING THE FIVE-YEAR CAPITAL IMPROVEMENTS PROGRAM, RESPECTING
THE REALLOCATION OF FUNDING OF STREET IMPROVEMENTS FROM AUSTIN
STREET TO THE HICKORY STREET GRAND PROJECT; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City Council of the City of Denton, Texas proposed and adopted a five-
year Capital Improvements Plan ("CIP") in 2005; the Citizens Advisory Oversight Committee
("CAOC"), a committee of five persons, was created by Resolution No. R2005-015 on April 19,
2005 in order to consider appropriate adjustments and reallocations of the bond funds as are
appropriate; and
WHEREAS, the CAOC met on August 15, 2012 and considered and discussed the
subject of street improvements and the reallocation of capital improvement funds from a CIP
project where funding was provided for the improvement of streets at the time of bond issuance
(the Austin Street Project); and
WHEREAS, the City Council, by Resolution No. R2010-032 enacted on August 17,
2010, adopted a comprehensive "Downtown Implementation Plan;" which plan provides for the
creation of Hickory Street as the "Grand Street;" and since 2005 the A-Train Project with the
DCTA has become a reality; and
WHEREAS, after considering all of the relevant factors, the CAOC recommends to the
City Council that $950,625 in CIP bond funds for street improvement should be reallocated from
street improvements for the Austin Street Project, instead to the "Hickory Street Grand Project"
to complete street improvements from Locust Street to Bell Avenue; the CAOC considers that
access to Downtown Denton is critical; and
WHEREAS, the City Council finds that this recommendation by the CAOC is in the best
interests of the City of Denton, Texas and its citizens; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. The City Council of the City of Denton, Texas hereby accepts the
recommendations of the CAOC and permits a reallocation of $950,625 of capital improvement
funds previously designated from the planned street improvements on Austin Street to the
planned street improvements on the "Hickory Street Grand Project."
SECTION 2. This Resolution shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the /%�rL day of , 2012.
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ATTEST:
JENNIFER WALTERS, CITY SECRETARY
By:
APPROVED AS TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
By: , -