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RE 08-10-99.3 A RESOLUTION OF THE CITY OF COPPELL, TEXAS RESOLUTION NO. 081099.3 A RESOLUTION OF THE CITY OF COPPELL, TEXAS, SUPPORTING THE USE OF THE STATE INFRASTRUCTURE BANK TO EXPEDITE THE DEVELOPMENT OF SH 121 MAIN LANES FROM THE DENTON/COLLIN COUNTY LINE TO DFW AIRPORT. WHEREAS, the City of Coppell, in conjunction with Denton County and the SH 121 Task Force has worked diligently and in collaboration with the Texas Department of Transportation since 1986 to create an East-West thoroughfare linking traffic from one of the State's fastest growing regions to the Dallas/Fort Worth International Airport; and WHEREAS, the constituent members of the SH 121 Task Force have expended significant effort and financial resources to acquire approximately Thirty Million Dollars ($30,000,000) of right-of-way and to conduct various analyses, plans and studies; and WHEREAS, the Intermodal Transportation Efficiency Act of 1991 and the Transportation Equity Act for the 21st Century authorized and funded the establishment of the State Infrastructure Bank; and WHEREAS, the State Infrastructure Bank was established to advance the development and construction of critical roadways of regional significance; and WHEREAS, the City of Coppell prefers the freeway option over the development of SH 121 as a toll facility and is willing to provide funding to offset a portion of the cost to Denton County; and WHEREAS, any further delay in the construction of the SH 121 Bypass main lanes will only serve to exacerbate the negative effects of regional hyper-growth and congestion while hampering the clear opportunity to reap the full benefits of economic development. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, DALLAS COUNTY, TEXAS: That the City of Coppell supports the expedited development of the SH 121 main lanes through the use of the State Infrastructure Bank loan process and encourages the Texas Department of Transportation to take the necessary steps to ensure that construction of SH 121 begins in 2004. DULY PASSED by the City Council of the City of Coppell, Texas this day of August 1999. C an~dy S h~e~l~a~Mayor ATTEST: Libby Ball,~te~im City Secretary APPRO,/~D AS TO FORM: City Attorney