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1312 RESOLUTION NO. l01 A RESOLUTION (~RANTINti THE ARKANSAS STATE HIGHWAY AND TRANSPORTATION DEPARTMENT AUTHORITY TO USE FEDERAL-AID MONIES FOR PETRO ROAD. WHEREAS, the City of West Memphis understands additional Federal-Aid funds are available for improvements to city streets; and WHEREAS, the City understands that their matching portion of this project will be 20% of the total cost of preliminary engineering, appraisal and acquisition of right-of-way, relocation services and adjustment of man-made improvements (including utilities), construction and construction engineering; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, THAT: SECTION 1. The Mayor of the City of West Memphis is hereby authorized and directed to execute all appropriate agreements and contracts necessary to expedite the construction of the improvements. SECTION 2. The City of West Memphis pledges its full support and hereby authorizes the Arkansas State Highway and Transportation Department to initiate action to construct this project. THIS RESOLUTION adopted this S'TfF day of /Vou6Mt3EC~ , 1992. TH INGRAM, 1gAYOR SPONSORED BY: