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AN ORDINANCE ENTERING INTO AN AGREEMENT WITH THE ARKANSAS STATE HIGHWAY AND TRANSPORTATION DEPARTMENT FOR THE SIGNALIZATION OF HIGHWAY 18/HIGHWAY 351, AND APPROPRIATING CITY MATCHING FUNDS
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WHEREAS, the City of Jonesboro has expressed the willingness to utilize federal-aid monies for the signalization of Highway 18/Highway 351 and has authorized the Arkansas Highway and Transportation Department to initiate action to construct this City Project; and
WHEREAS, the Arkansas State Highway and Transportation Department has notified the City that a contract will be awarded for the project upon receipt of the City's matching funds for the project;
NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Jonesboro, Arkansas That;
SECTION 1: The Mayor is hereby authorized to submit payment for the City's matching share of costs for the project to the Arkansas State Highway and Transportation Department.
SECTION 2: There is hereby appropriated the sum of $10,014.80 from the unappropriated balance of the Capital Improvement Fund for the City's matching share of costs for the project.
SECTION 3: Due to the time frame for writing the check for the city of Jonesboro's share of $10,014.80 to be provided to the Arkansas State Highway and Transportation Department for Signalization of Highway18/Highway 351, an emergency is declared to exist, and this Ordinance being necessary for the preservation of public peace, health and safety shall take effect and be in full force from and after its passage and approval.
APPROVED AND ADOPTED this 1st day of March, 2004.