HomeMy WebLinkAboutResolution - 2021-R0345 - Gateway Street Projects Fund 9.14.21Resolution No. 2021-RO345
Item No. 7.30
September 14, 2021
RESOLUTION
WHEREAS, the City Council of the City of Lubbock (the "Council") established the
"GATEWAY STREET PROJECTS FUND" (the "Fund") to provide a source of construction
funding for street projects designed to spur development, growth, and redevelopment in
Lubbock; and
WHEREAS, the City of Lubbock (the "City") collects franchise fees and line access
fees from public utilities using and renting the public rights -of -way within the City; and
WHEREAS, through the passage of Resolution No. 2004-R0099, the City began using
forty percent (40%) of said franchise fee revenues and access line fees to fund the Fund with
the Fiscal Year 2004-2005 City budget; and
WHEREAS, the Council desires to amend the intended use of the Fund to expand the
qualifying roadway projects for Arterial Roadways in order to enlarge existing roadways to
increase capacity, rebuild existing roadways to improve safety, and/or construct new roadways;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LUBBOCK:
1. THAT Resolution No. 2004-R0099, approved by the Council on February 19, 2004, is
hereby repealed;
2. THAT the City Manager of the City of Lubbock is hereby instructed to amend the Fund
for the inclusion of additional projects as set forth herein beginning with the Fiscal Year 2021-
2022 City budget;
3. THAT beginning with the FY 2021-2022 City budget, the revenue of forty percent
(40%) of franchise fees and access line fees collected for each public utility that pays said fees
shall be deposited into the Fund; and
4. THAT said funds shall be appropriated for construction of Arterial Roadway projects
for the following purposes:
a. Expand existing Arterial Roadways to increase capacity to reduce congestion and/or to
accommodate anticipated development;
b. Rebuild existing Arterial Roadways to improve safety and schematics of roadways to
meet current Engineering Design Standards; or
C. Construct new roadways on unimproved Arterial sections, either in phased or full
construction.
Passed by the City Council on September 14, 2021
DANIEL M. POPE, MAYOR
ATTEST:
Reb cca Garza, City S cr ary
APPROVED AS TO CONTENT:
i
Jesica Mc achern, Assistant City Manager
APPROVED AS TO FORTH:
f
K lli Leisure, Assistant City Attorney
Res.GatewayFund
0324.21