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Resolution 4868 - Meridian Road - Bonding AuthorityRESOLUTION NO.4868 A RESOLUTION TO DECLARE THE INTENTION OF THE KALISPELL CITY COUNCIL TO USE THE CITY OF KALISPELL'S BONDING AUTHORITY TO CONSTRUCT MERIDIAN ROAD IN ONE PHASE BY UTILIZING FEDERAL URBAN HIGHWAY FUNDS THROUGH THE MONTANA DEPARTMENT OF TRANSPORTATION. WHEREAS, the Meridian Road project is the top priority for the Urban Highway System in Kalispell; and WHEREAS, the City Council desires to have Meridian Road constructed in a single phase as soon as possible due to rapid growth in the area and a very high traffic volume; and WHEREAS, the Montana Transportation Commission has suggested a funding alternative that involves local bonding using federal Urban Highway Funds to allow the project to be completed; and WHEREAS, the City Council desires to work with MDT and Federal agencies to explore the feasibility of this funding approach in order to implement it as early as possible. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, AS FOLLOWS: SECTIONI. That the City Council of the City of Kalispell hereby declares its intention to use the City of Kalispell's bonding authority to construct Meridian Road in one phase by utilizing Federal Urban Highway Funds through the Montana Department of Transportation if the event that the MDOT determines this method of financing to be feasible. SECTION II. The City Manager is authorized and directed to communicate this resolution to the Montana Transportation Commission, the Montana Department of Transportation and the Federal Highway Administration. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 15TH DAY OF MARC 004. amela B. KjAnedy Mayor ATTEST: Theresa White City Clerk