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RES 2013-16 Adopted RESOLUTION NO. 2013-16 AUTHORIZING THE CITY ADMINISTRATOR TO EXECUTE SUPPLEMENTAL AGREEMENT NO. 1 TO THE AGREEMENT AND CONTRACT WITH THE SOUTH CAROLINA DEPARTMENT OF TRANSPORTATION RELATED TO THE CITY'S PARTICIPATION IN THE WALNUT LANE REALIGNMENT AND US 25 CORRIDOR IMPROVEMENT PROJECT INCLUDING THE REALLOCATION OF $184,240 FROM THE US 1/FIFTH STREET INTERCHANGE PROJECT. WHEREAS, the South Carolina Department of Transportation (SCDOT) and the City of North Augusta (CITY) entered into a Settlement Agreement and Release related to the US 1/Fifth Street Bridge Interchange Project and approved by the CITY on December 19, 2011 in Resolution 2011-23; and WHEREAS, the Participation Agreement provided that a portion of the CITY financial participation in the Project amounting to $184,240 would be retained by SCDOT and reallocated used to benefit the Walnut Lane Realignment/US 25 Corridor Improvement Project or another federally funded project; and WHEREAS, the Participation Agreement provided that if the entire $184,240 was not necessary to fund the unused portion it would be used to benefit another federally funded project; and WHEREAS, SCDOT and the CITY entered into a Financial Participation Agreement for the Walnut Lane Realignment/ US 25 Corridor Improvement Project on January 6, 2012; and WHEREAS, the Walnut Lane Realignment' US 25 Corridor Improvement Project does not require additional funding from the $184,240 reallocated from the US 1/Fifth Street Bridge Interchange Project; and WHEREAS, SCDOT, The Augusta Regional Transportation Study Metropolitan Planning Organization and the CITY have authorized the development of a regional Park and Ride Project at Exit 5 of I-20, and WHEREAS, the CITY approved a Municipal State Highway Project Agreement for the Park and Ride Project in Resolution 2013-04 on February 4, 2013; and WHEREAS, the CITY has agreed to participate financially in the project by matching federal funds for certain elements of the project, and; WHEREAS, the required CITY matching funds estimated at $40,000 will be provided by SCDOT from the $184,240 reallocated to the CITY from the US 1/Fifth Street Bridge Interchange Project; and WHEREAS, SCDOT has prepared a Supplemental Agreement to the Financial Participation Agreement for the Walnut Lane Realignment/ US 25 Corridor Improvement Project which provides for the transfer of a portion of the $184,240 to the Park and Ride Project; and NOW THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City of North Augusta, South Carolina, in meeting duly assembled and by the authority thereof that, the City Administrator is duly authorized to execute the Agreement between the Y Y South Carolina Department of Transportation and City of North Augusta Supplemental Agreement No. 1. BE IT FURTHER RESOLVED that in the event any CITY funding, in addition to that provided by SCDOT, required for the North Augusta Park and Ride Project shall be taken from the Transportation Improvement Fund. DONE, RATIFIED AND ADOPTED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF NORTH AUGUSTA, SOUTH CAROLINA, ON THIS 15 DAY OF Qpr; 1 , 2013. Lark W. Jones, Mayor ATTEST: Donna B. Young, Cit Clerk