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HomeMy WebLinkAboutAM Advance Funding Agreement with TXDOT for the FM 1938 project Town of Westlake Memo To: Honorable Mayor and Members of the Board of Aldermen From: Trent Petty Subject: Regular Meet g of July 14, 2003 Date: July 11, 2003 ITEM Consider a Resolution authorizing the Town Manager to enter into a Local Project Advance Funding Agreement with TXDOT for the FM 1938 project. (Copy attached) RECOMMENDATIONS Staff recommends approval. BACKGROUND TxDOT has recently requested that the local governments of Westlake, Keller and Southlake provide 100% of the funding for the state to review the preliminary engineering. The amount of funds required is $10,000. This requirement is a new development/policy from TxDOT. Keller has already approved the agreement, while Southlake is in the process.