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1992-042e~pdocs\I ~5 ORDINANCE NO ~ AN ORDINANCE OF THE CITY OF DENTON, TEXAS, APPROVING AN AGREEMENT BETWEEN THE CITY OF DENTON AND THE STATE OF TEXAS PROVIDING FOR THE PAYMENT OF THE COSTS OF HIGHWAY MODIFICATIONS FOR INTERSTATE HIGH- WAY 35, AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, Rancho Vista Development Company (Developer) IS proposing to construct an outlet mall on property located immedi- ately east of Interstate Highway 35 and south of State Highway Loop 288, in the City of Denton, Texas, and WHEREAS, the Developer has requested that certain highway modifications be made along Interstate Highway 35 immediately adjacent to the proposed outlet mall to facilitate the safe movement of vehicular traffic, and WHEREAS, the Developer has agreed to pay for the highway improvements and the State Department of Highways and Public Transportation (the State) has agreed to construct the modifica- tions, and WHEREAS, the State requires that public highway modifications be performed pursuant to a contract between the State and the City, and WHEREAS, the city has agreed to contract with the State for the highway modifications upon payment of the costs of the improvements by the Developer to the City, NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SECTION I. That it approves the attached agreement with the State of Texas provlding for the payment of the highway modifica- tions therein specified, and shall execute the agreement when the City has received $450,000 00 from Developer SECTION II That this ordinance shall become effective immedi- ately upon its passage and approval PASSED AND APPROVED this the ~__A~'day of ~ , 1992 BOB CASTLEBERRY, ~/R~ ATTEST JENNIFER WALTERS, CITY SECRETARY APPR~ED A~ TO LEGAL FORM DEBP, A A DRAYOVlTCH, CITY ATTORNEY PAGE 2 CRP 88(715) M 2250-2-6 Denton County STATE OF TEXAS COUNTY OF TRAVIS THIS AGREEMENT, made this ~/day of ~ , 1992, by and between the C~ty of Denton, Texas, hereinafter called the "C~ty", Party of the F~rst Part, acting by and through its C~ty Council and the State of Texas, hereinafter called the "State", Party of the Second Part, acting by and through ~ts Texas Department of Transportation Commission WHEREAS, the City desires mowng the location of the proposed exit ramp from north-bound Interstate H~ghway 35, and the reconstruction of approximately 3700 feet of north-bound frontage road and ~nc~dental ~tems w~th~n the hm~ts from Station 631 + 27 to Station 675 +00 on-L-~ and the State w~ll, among other th~ngs, prowde for the construction of th~s work w~th~n these hm~ts and the C~ty w~ll contribute a hxed amount of Four Hundred F~fty Thousand and No/lO0 Dollars ($450,000 00), ~n payment for their port~on of th~s work as outhned m F~eld Change Request No 1 NOW THEREFORE, ~t ~s understood that th~s proposed work, as outhned ~n F~eld Change Request No 1, w~ll be constructed by the State and the C~ty w~ll transmit to the State w~th the return of th~s agreement, executed by the C~ty, a warrant or check made payable to the Texas Department of Transportation m the amount of Four Hundred F~fty Thousand and No/100 Dollars ($450,000 00), to be used ~n paying for the proposed add,tonal work required by the C~ty It ~s further understood that the State w~ll construct only those ~tems for the C~ty as requested and ~t ~s further understood that the contribution of Four Hundred F~fty Thousand and No/lO0 Dollars ($450,000 00), by the City shall be a fixed amount for their share of the work IN TESTIMONY WHEREOF, the part,es hereto have caused these presents to be executed m duphcate on the day above stated CITY OF DENTON TEXAS DEPARTMENT OF Party of the F~rst Part TRANSPORTATION Party of the Second Part B_~~~/Mayor_/ Certified as being executed for the ~ purpose and effect of activating and/or ,~,~~, p~ carrying out the orders, estabhshed By pohc~es, or work programs heretofore Member of C~ty Couno(I [J approved and authorized by the Texas  Department of Transportation By~'J~A ~/~ Commission under the authority of M.~embe~ty C~.~ .~ U,nute Order 100002 By ~ "~ By Mem__ber of .~j.ty Counc,, b'~r~i.~'min'strat'°n ~____..~embe-r of C~ty C'ounc,I By Me('mbe~o/CT/y,~ounciI ~t~/~ty Secretary APPROVED AS TO FORM PAYMENT VOUCHER ~ PURCHASE , ~, ,, ~,: * CITY ~IR~T ~TA~ :B~