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97271 K 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 0 M M M 0 M M M 394 No. 9 , 727 A RESOLUTION APPROVING UTILIZATION OF 1996 TRANSPORTATION IMPROVEMENT PROGRAM (TIP) FUNDS FOR BIKEWAY DEVELOPMENT AT BOYLE PARK AND WAR MEMORIAL PARK. WHEREAS, the Little Rock Board of Directors understands Federal -Aid Surface Transportation Enhancement funds are available at 80$ Federal participation and 20% local cash match for the bikeway development at Boyle Park and War Memorial Park; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City of Little Rock will participate in accordance with its designated responsibility, including maintenance of this project. SECTION 2. The City Manager is hereby authorized and directed to execute all appropriate agreements and contracts necessary to expedite the construction of the above stated improvement. SECTION 3. The Board of Directors of the City of Little Rock pledges its full support and hereby authorizes the Arkansas State Highway and Transportation Department to initiate action to implement this project. ADOPTED: June 18, 1996 XUBBIE _ `AN • CITY NI; •