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<br />" '..- <br /> <br />" <br /> <br />e <br /> <br />- <br /> <br />AGREEMENT TO CONTRIBUTE FUNDS <br />(CITY FORM) <br /> <br />STATE OF TEXAS COUNTY HARRIS <br />PROJECT 80l2-2-22 <br />COUNTY OF TRAVIS HIGHWAY SH l46 <br />c.. S"S o~8q - IJ..- 0 77 <br /> <br />This agreement by and between the State of Texas, acting by and through the Texas <br />Department of Transportation, hereinafter called the State, and <br />City of La Porte , Texas, acting by and through its duly <br />autqorized officials under Ordinance dated the ~~ ~ day of <br />Oc....1.-t> 'D....t{" , 19 94 , hereinafter called the City, s~ffecti ve on <br />the date of approval and execution by and on behalf of the State. <br /> <br />WHEREAS, the State had requested the City to enter into contractual agreements and <br />acquire right of way on the following projects: <br /> <br />Highway <br /> <br />Account No. <br /> <br />Limits <br /> <br />SH 146 <br /> <br />8012-2-22 <br /> <br />From South of Spencer /W. Main <br />To South of SH 225 <br /> <br />and <br /> <br />WHEREAS, the City has now requested that the State assume responsibility for <br />acquisition of all necessary right of way: and, <br /> <br />WHEREAS, the City desires to voluntarily contribute to the State funds, equal to <br />ten percent (lO%) of the cost of the right of way, for the proper development and <br />construction of the State Highway System: and <br /> <br />WHEREAS, the City has contributed $l80, 000 to the State as partial <br />contribution of funds for acquisition of right of way: and <br /> <br />WHEREAS, the City wishes to contribute the remaining portion of the ten percent <br />( lO%) of the cost of the right of way in incremental payments in accordance with <br />the following schedule: <br /> <br />NOW, THEREFORE, in consideration of the foregoing premises and the mutual benefits <br />to be derived therefrom, the City shall contribute to the State an amount equal to <br />ten percent (lOt) of the cost of the right of way to be acquired by the State and <br />shall return this agreement, executed by the City to Texas Department of <br />Transportation, and shall contribute to the State the balance of ten percent <br />(lOt) in incremental payments in accordance with the following schedule: <br /> <br />o One Hundred Twelve Thousand Four Hundred Fifty OO/I.Oo-Dollars <br />$112,450 on or before October I, 1995 <br /> <br />The above contributions constitute Two Hundred Ninety Two Thousand Four Hundred <br />Fifty Dollars $292,450 which represents lOt of the estimated cost of the <br />