HomeMy WebLinkAboutResolution 986 A Resolution Adopted Resolution No.
WHEREAS, Downtown Fort Worth, Inc. , a Texas Corporation,
has agreed to assist the City of Fort Worth ("City") in funding
certain improvements to Houston and Throckmorton Streets by
contributing the sum of $169,000.00 toward the costs of such
improvements; and
WHEREAS, Downtown Fort Worth, Inc. petitioned the City
for certain assurances that such contribution will be expended
toward the costs of such project ; and
WHEREAS, said contribution by Downtown Fort Worth, Inc.
has been presented to the City of Fort Worth in the form of
an irrevocable Letter of Credit in said amount of $169,000.00;
and
WHEREAS, such construction of a Houston-Throckmorton
Street Bus Spine will improve the quality of public transporta-
tion in the central business district of the City of Fort
Worth;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS:
(1) That the City Manager is authorized to award and
execute a contract for the construction of the "Houston-Throck-
morton Bus Spine, Paving, and Water Line Improvements ; " and
(2) That the City Manager is authorized to make the
necessary bond, grant and other fund transfers as necessary
to adequately finance the construction of the Houston-Throck-
morton Bus Spine, Paving, and Water Line Improvements. "
PASSED THIS the day of
1984. '
O
QTY OF FORT NORTH