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Home My WebLink About1977-8RESOLUTION A Resolutmon by the Cmty Councml of the Cmty of Denton, Texas. relatmng to the creatmon, organmzatmon and reorganmzatmon of a non- profmt corporatmon for the purposes of fmnancmng student loan notes, making certamn fxndmngs in connection therewith, and provxdxng an effective date. WHEREAS, the members of th~s governxng body recognmze that a college education ~s a valuable asset and a student's mnabll~ty to meet all of the fmnancxal commitments should not prevent the obtain- lng of an educatmon when mt is possible to obtain f~nanclng for such educatmbnal opportun~tmes; and WHEREAS, ~t has been called to the attentmon of thms governing body that a program for flnanczng student educational loans through the Unmted States Offxce of Education may be made available to res~- dents and students of th~s area through the formation of a non-profit corporation with the power to sell bonds mn order to provmde student loan notes and xt appears that under present procedures the ~nterest on bonds ~ssued by the corporatmon would be exempted from federal in- come tax and the ~ncome of the corporation would not be sub3ect to federal ~ncome tax, and WHEREAS~ thms governmng body desmres to assmst mn the futher- ance of the education and aspirations of young people in the area, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: SECTION I. That the persons to be named later are requested, on behalf of thms governing body~ to revmew the proposed student loan program and establish, re-establxsh or reorganize a non-profmt corporation w~th the power to operate and f~nance a student loan program SECTION II. That such persons are further requested to act as D~rectors of such corporation mn the development and mmplementat~on of a plan to determmne the econommc feas~b~lxty and v~ab~lmty of the plan and re- port to thms Councml together wmth a detamled plan of the mmplemen- tatlon thereof. SECTION III Th~s Resolutmon shall be effectmve from and after ~ts passage and IT IS SO RESOLVED. PASSED AND APPROVED thms the 6th day of September, A. D. 1977. ELINOR HUGHES , 'Filer'OR CITY OF DENTON, TEXAS ATTEST: /~ CITY OF DENTON~ TEXAS APPROVED AS TO LEGAL FORM. PAUL C. ISHAM~ CITY ATTORNE~ CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 20TH DAY OF SEPTEMBER, A. D. 1977. WHEREAS, the City of Denton passed a resolution on July 19, 1977, approving the Loop 288 highway pro3ect and authorizing the Mayor to s~gn contractual documents w~th the State of Texas Depart- ment of Highways and Public Transportation for the acquisition of r~ght of way for all of the north port~on of Loop 288 H~ghway and the south port~on of Loop 288 H~ghway, and directing the C~ty to commence acquisition of r~ght of way; and WHEREAS, there has been c~tlzen opposition for construction of the south port~on of Loop 288 H~ghway west of Farm to Market Road 2181 (Teasley Lane), and WHEREAS, the C~ty of Denton desires to rescind ~ts resolution of July 19, 1977, and only approve the north port,on of Loop 288 Highway and a part of the south port~on of Loop 288 H~ghway, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, THAT The C~ty of Denton officially approves the north port,on of Loop 288 Highway and the south port~on of Loop 288 H~ghway from Interstate H~ghway 3SE to Farm to Market Road 2181 (Teasley Lane) and desires to enter ~nto a contractual agreement w~th the State of Texas Department of Highways and Public Transportation for the acquisition of the r~ght of way for all of the north portion of Loop 288 H~ghway and the south port~on of Loop 288 H~ghwa7 from Interstate H~ghway 3SE to Farm to Market Road 2181 (Teasley Lane), and permitting reimbursement by the State based upon current lmbursable percentages for acquisition of r~ght of way by the C~ty, authorizing the Mayor to s~gn such contractual documents, and d~rect~ng the C~ty to commence acquisition of r~ght of way after the necessary documents w~th the State have been executed. PASSED AND APPROVED this the 20th day of September, A. D. 1977. BLINOR HUGH'ES';" MAY~Y~ CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: PlRUL C. ISHAM, CITY ATTORNEY CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 20TH DAY OF SEPTEMBER, A. D 1977. S_OLU_ZiO _ WHEREAS, many citizens of the City of Denton have objected to the construction of the section of the south portion of the Loop 288 Highway project from Farm to Market Road 2181 (Teasley Lane) west to Interstate Highway 35W, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, THAT The City of Denton officially disapproves the section of the south portion of the Loop 288 Highway project from Farm to Market Road 2181 (Teasley Lane) west to Interstate Highway 35W and it will not seek nor actually acquire any right of way along the above section of the south portion of Loop 288. PASSED AND APPROVED this the 20th day of September, A. D. 1977. ELINOR HUGHES~ CITY OF DENTON, TEXAS ITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM P~I]]~- C. ISh"AM~ CITY ATTORNB CITY OF DENTON, TEXAS AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 27TH DAY OF SEPTEMBER, A.D. 1977. WHEREAS, an Application for Federal Assistance dated September 19, 1977 has been submltted to the Department of Transportation, Federal Aviation Administration (FAA) requesting federal partici- pation · n the cost of certain ~mprovements at the Denton Municipal A~rport; and WHEREAS, the FAA has ~ssued a Grant Offer which, ~f duly accepted, provides a commitment of $53,650.00 ~n federal funds for development specified thereln; and WHEREAS, ~t ~s determined to be ~n the ~nterest of the Clty of Denton, Texas to accept thls Grant Offer. NOW, THEREFORE, BE IT RESOLVED that the Clty of Denton does hereby aooept the provisions of sa~d Grant Offer, a copy of which s attached hereto and ~ncorporated herein for all purposes, and, to evidence this acceptance, the Mayor of the C~ty of Denton is hereby authorized and d~reoted to execute the Grant Offer on be- half of the C~ty of Denton, Texas. PASSED AND APPROVED th~s the 27th day of September, A.D. 1977. ELINOR HUGHES, MAYOR CITY OF DENTON, TEXAS ATTE~ APPROVED AS TO LEGAL FORM: PAUL C. ISHAMt CITY ATTORNEY CITY OF DENTON, TEXAS AT AN ~bS~RG~CY CAT.T.~D MES~ING OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, D IN THE ~UNICIPAL BUILDING OF SAID CITY ON THE 30TH DAY OF SEPT~ER, A.D. 1977 RESOLUTION WHEREAS, the Caty of De,ton, Texas, and the Departmsnt of Transportation, Federal Aviation Admmnmstratmon (FAA), have entered znto a certain Grant ~3re~m~nt whmch provades federal partaczpataon zn specified lmprov~m~--nt of Denton Munzczpal Aarport, WHEREAS, zn response to a request duly fzled by the City of Denton, the FAA has pre- pared An~ndm~nt No. 1 to sald Grant Agreement, copy attached, and has sukmtltted zt to the Czty of Dent~ for acceptance and executaC~, and WHEREAS, at is detexmzned to be mn the znterest of the Czty of Dento~ and FAA to amend said Grant ~n the partaculars speczfzed zn said Amendment; NOW, THEREFORE, BE IT RESOLV~I) that the Czty of Denton does hereby accept the pro- vzszons of sazd Amendment, a copy of whach as attached hereto and incorporated herezn for all purposes, end to evzdence this acceptance, the Mayor ls hereby authorzzed and dzrected to execute sa~d Amendment on behalf of the Czty of Denton, Texas. PASSED, AND APPROV~D THIS THE 30th day of September, 1977. CITY OF D~N~ON, TEXAS CITY OF D~k~ON, TEXAS APPROVED AS TO LEGAL FORM' FEDERAL AVIATION ADMINISTRATION Denton Mun~c ~pal A~rport Dentont Texas AMENDMENT NO_. .]. TO GRANT AGREEMENT FOR PROJECT NO 5-48-00~_7-03 WHEREAS, the Federal Aviation Admimstrat~on (hereinafter referred to as the "FAA") has deter- mined ~t to be la the interest of the Umted States that the Grant Agreement between the FAA, acting for and on behalf of the Umted States, and the Cxt¥ of Denton, Texas hereinafter referred to as the "Sponsor"), accepted by sa~d Sponsor on the~day of. 19 76, be amended as hereinafter provided NOW THEREFORE, WITNESSETH That m consideration of the benefits to accrue to the parUes hereto, the FAA on behalf of the Umted States, on the one part, and the Sponsor, on the other part, do hereby mutually agree that the maxmmm amount of the obhgat~on of the Umted States as set forth m paragraph I of the terms and conditions of the Grant Agreement between the Umted States and the Sponsor, accepted by sa~d Sponsor on the 21st day of Se~ 1976_, relaUng to ~n A~rport, Project No 5-48-0067-03 , ~s hereby increased from $~85e000.00 to $ 298,300.00 IN WITNESS WHEREOF, the part~es hereto have caused th~s Amendment to sa~d Grant Agreement tobedulyexecutedasofthe 30~ dayof ~pt~ , 19 77 UNITED STATES OF AMERICA FED~ AVIATION ADMINISrRATION Tttle ~_~~~r ts~s~xct Off~ce C~ ~ D~N, '1'~ SEAL) T~tle Attest ~~ T~tle ~ ~ Page 2 ot 2 Pages CERTIFICATE OF SPONSOR'S ATTORNEY I, ~ '~L~ ~JT'fll'~ , acting as Attorney for-~he C~D2 _o~_ Dento0_~ _T_ex~ ~_ -, hereinafter referred to as "Sponsor") do hereby certff~ That I have examined the foregoing Amendment to Grant Agreement ,md the proceedings taken by said Sponsor relating thereto, and find that the execution thereof b~ smd Sponsor ha~ been duly author]zed and m m all respects due and proper and in accmdan~e ~lth the laws of the State of T .e~a.$ , and further that, in my op]mon, smd Amendment to Grant Agree- ment constitutes a legal and b~ndmg obhgat]on of the Sponsor m accordance with the terms thereof Dated at D~.nton, Texas , this 30~-hday of Sept~__~_________ , 19 77