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HomeMy WebLinkAboutResolution - 2006-R0473 - Authorize Application For Pass-Through Financing - Northwest Passage Project - 10/13/2006Resolution No. 2006-R0473 October 13, 2006 Item No. 6.12 RESOLUTION WHEREAS, the City of Lubbock contemplates applying to the Texas Department of Transportation for Pass -Through Financing regarding the Northwest Passage Project; WHEREAS, Pass -Through Financing will provide great opportunities for, and benefits to, the City of Lubbock and its citizens; WHEREAS, the City of Lubbock now desires that the Mayor execute and submit to the Texas Department of Transportation an Application for Pass -Through Financing, for and on behalf of the City Council of the City of Lubbock; BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute and submit to the Texas Department of Transportation, for and on behalf of the City of Lubbock, an Application for Pass -Through Financing related to the Northwest Passage Project, and all related documents. Said Application for Pass -Through Financing is attached hereto and incorporated in this Resolution as if fully set forth herein and shall be included in the minutes of the Council. Passed by the City Council this 13th day of October , 2006. ATTEST: Garza, APPROVED AS TO CONTENT: APPROVED AS TO FORM: Richard K. Ca ne , frst Assistant ity Attorney as/Richard/Resolutions/Pass-Through Financing App.2 October 6, 2006