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0710RESOLUTION NO, 710 (#05 - 2014) A RESOLUTION EXPRESSING WILLINGNESS OF THE CITY OF JACKSONVILLE TO UTILIZE STATE AID STREET MONIES FOR THE JAMES & FIRST STREETS OVERLA Y; AND, FOR OTHER PURPOSES, WHEREAS, the City of Jacksonville understands that State Aid Street Program funds are available for certain City projects at the following participating ratios: NOW, THEREFORE, SE IT RESOL VED BY THE CITY COUNCIL OF THE CITY OFJACKSONVILLE, ARKANSAS, THAT.- SECTION ONE: The City of Jacksonville, Arkansas, will participate in accordance with its designated responsibilities in this Project, together with commitment for the appropriation of the required funds to pay the City's proportional share of the Project. SECTION TWO; The Mayor, or his authorized designee, is hereby directed to execute all appropriate agreements and contracts necessary to expedite participation, development, and construction of these City project. SECTION THREE; The City agrees upon completion of the Project to assume the maintenance of the Right -of -Way with City crews and/or others, including utilities and individuals, all in accordance with the prevailing Arkansas State Highway and Transportation Department regulations. Work Phase State Share Ci Share Reconstruction and Preliminary Engineering 100% -0- Resurfacing Construction Right -of -Way -0- 100% of City Projects Utilities -0- 100% Construction 90% 10% Construction 100% -0- City projects Engineering programmed but not let -0- 100% to contract All Phases NOW, THEREFORE, SE IT RESOL VED BY THE CITY COUNCIL OF THE CITY OFJACKSONVILLE, ARKANSAS, THAT.- SECTION ONE: The City of Jacksonville, Arkansas, will participate in accordance with its designated responsibilities in this Project, together with commitment for the appropriation of the required funds to pay the City's proportional share of the Project. SECTION TWO; The Mayor, or his authorized designee, is hereby directed to execute all appropriate agreements and contracts necessary to expedite participation, development, and construction of these City project. SECTION THREE; The City agrees upon completion of the Project to assume the maintenance of the Right -of -Way with City crews and/or others, including utilities and individuals, all in accordance with the prevailing Arkansas State Highway and Transportation Department regulations. RESOLUTION NO, 710 (#05-2014) Page Two APPROVED AND ADOPTED THIS 6th DA Y OF MA Y, 2014.