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-~ '" . e RESOLUTION NO. 76- 7 . WHEREAS, on October 20, 1976, the City of La Porte, Texas, submitted to the Texas Aeronautics Commission an application for a grant-in-aid for an airport development project at the La Porte Municipal Airport; and WHEREAS, the Texas Aeronautics Commission has issued a Grant Offer for TAC Project No. 772-08, dated November 1, 1976, which, if duly accepted, provides a commitment of not to exceed fifty per cent (50%) of all allowable project costs of said project, and not to exceed a maximum obligation of Twenty Thousand Dollars ($20,000.00); and WHEREAS, the City of La Porte, Texas, has available a . like amount of matching funds, in cash or in kind, which have been appropriated and designated for airport develop- ment purposes; and WHEREAS, it is determined to be in the best interests of the citizens of the City of La Porte, Texas, to accept this Grant Offer and thereby enter into a Grant Agreement with the Texas Aeronautics Commission; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LA PORTE: Section 1. That the City of La Porte does hereby . enter into a Grant Agreement with the Texas Aeronautics Commission by accepting the Grant Offer for TAC Project No. 772-08, dated November 1, 1976; and, be it further RESOLVED, that the City of La Porte, Texas, shall be bound by the provisions of said Grant Agreement, a copy of which is attached hereto as Exhibit "A" and made a part hereof for all legal purposes; and, be it further RESOLVED, that J. J. Meza, the Mayor of the City of La Porte be, and he is hereby, authorized and directed to execute said Grant Agreement on behalf of the City of La Porte, Texas. ..