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R581RESOLUTION NO. 581 A RESOLUTION OF THE CITY OF KENNEDALE, TEXAS, IDENTIFYING AND S UPPORTING CAPTIAL TRANSPORTATION PROJECTS TO BE SUBMITTED BY THE CITY OF KENNDEDALE TO TARRANT COUNTY FOR CONSIDERATION OF INCLUSION IN A TARRANT COUNTY BOND PROGRAM EXPECTED TO BE PRESENTED TO VOTERS AT AN ELECTION IN NOVEMBER 2021; CERTIFYING FUNDING FOR THE CITY'S PARTICIPATION IN SUCH PROJECTS; AND CERTIFYING TIME FOR COMMENCEMENT OF CONSTRUCTION. WHEREAS, the Tarrant County Commissioners Court approved, on January 19, 2021, a Transportation Bond Program Policy; and WHEREAS, the Tarrant County Commissioners Court has invited the City of Kennedale to submit projects meeting the requirements of the Bond Policy's Call for Projects category; and WHEREAS, the City of Kennedale is experiencing unprecedented growth that places significant demand on the transportation network of the City, the County, and the region; and WHEREAS, the City of Kennedale has identified and planned for numerous projects meeting the criteria for inclusion in the County's CaII for Projects for consideration by voters in a County Transportation Bond authorization election in November 2021; and WHEREAS, the City Council of the City of Kennedale wishes to submit projects, identified below, for consideration in such a County Bond program; and WHEREAS, the City Council of the City of Kennedale wishes to certify that funds are available and will be appropriated for the City's fifty percent (50%) share of projects costs pursuant to the County's established policy. N OW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE, TEXAS THAT: SECTION 1. P rojects to be submitted to Tarrant County for inclusion in the County's 2021 Bond Program includes • Little School Road Extension (including a bridge over the Union Pacific railroad) at a preliminary estimated cost of $11,998,600; • Kennedale Sublett Road Realignment at a preliminary estimated cost of $4,594,000; • Collett Sublett Road widening and reconstruction at a preliminary estimated cost of $1,868,900; and • Valley Lane roadway erosion mitigation at a preliminary estimated cost of $2,331,250 Page 1 of 2 R531 CITY OF KENNEDALE, TX 2021 SECTION 2. The City of Kennedale hereby certifies that funding for the City's fifty percent (50%) share of projects costs is now available in the City's fund balance reserves or in Certificate of Obligation debt scheduled for issuance in August of 2021 and 2024, and construction for the projects can begin within five years from the date the County's Transportation Bond Program is approved by the voters. SECTION 3. This resolution shall become effective immediately upon its passage and approval. DULY PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF KENNEDALE ON THE 16TH DAY OF MARCH 2021. ATTEST: APPROVED AS TO FORM AND LEGALITY: CITY A TORNtY, DREW LARK! APPROVED' MAYOR, BRIAN JOHNSON ow I OF Kef 00 �oos,cr� Page 2 of 2 R531 CITY OF KENNEDALE, TX 2021