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CC Resolution No. 2255 RESOLUFION NO. 2255 A RESOLUTION 01" THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, RF'GISTERING ITS SUPPORTOF THE TEXAS DEPA R'l-M ENTOF T RAN SPO RTATI ON'S USE OF" PRIVATE CONCESSION FUNDING FOR SEGMENTS 1-1 AND 1-2 OF THE GRAND PARKWAY; AND PROVIDING FOR THE' EFFECTIVE' DATE THF,REOF WHEREAS, the Texas Department of"Fransportation ("TxDO'l 1") desires to construct the State lliglr vay 99, the Grand Parkway, as all outer cit-CUInferential highway traversing seven Counties and serving the HOUSIOn metropolitan area; and WHEREAS, the development of the Grand Parkway Project (the "Project") is a crucial element to responding to the growing traffic congestion throughout the Houston lnetropolitan area; and WHEREAS, there exists as potential for expediting the development and completion of all or part of the Grand Parkway through the use of as Comprehensive Development Agreement for the design, construction, financing, I nancing, maintenance and operation of a portion of the Grand Parkway in Harris and Chambers Counties; and WHEREAS, the Texas Transportation Code requires Tx,[.)OT to convene as SB 1420 Conn-nittee to determine tile distribution of the Project's financial risk, tile method of financing the Project, and the tolling StrUCCLIN and methodology; and WHERI-`,AS, tile City of Baytown desires to register its SUPP011 Of tile use of private concession Funding for Segments [-I and 1-2 of the Grand Parkway; NOW TFIEREFORI., 13E ITRESOLVED BY THF,' CITY COUNCIL OF THE CITY Ol" BAYTOWN, TEXAS: Section 1: That the City COLHICH hereby registers its support of the Pro.jectr and the Texas Department of Transportation's use of private concession funding for Segments 1-1 and 1-2 of' the Grand Parkway. The City COLIFICH FUrther encourages the SB 1420 Comi-nittee for the Grand Parkway Project to support such a public-private pailnership. Section 2: That the City Manager is aLltIlOriZCd to take all actions necessary to register tile City's support ofthe aforementioned private concession funding, Section 3: This resolution shall take effect immediately from and after its passage by the City Council ofthe City of Baytown, IN'I'RODUCED., READ and PASSED, by the affirmative vote of the City Council of tile City of Baytown this 8th day of August, 2013. Rof 'Rfr Tern _j 1, --C. ff -o[�INS, Mayor Pi I f 1', IA"BRY$0-1 '0 C"y 'lerk C APPROVED AS TO FORM: 117 X'ACIO RAMIREZ, SR.., City (i 1-11'ey RAKarcn\l`iles\City CouncihRew1uhm 2.St