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12640RESOLUTION NO. 12,640 A RESOLUTION AUTHORIZING TWO ADDITIONAL STREET IMPROVEMENT PROJECTS FOR THE 2004 BOND CAPITAL IMPROVEMENT PROGRAM INCLUDING A CONTRACT MODIFICATION FOR AN EXTENSION OF THE FOURCHE DAM PIKE FROM RICHLAND DR. TO THE FOURCHE CREEK BRIDGE, AND THE CONSTRUCTION OF A TRAFFIC SIGNAL WITH INTERSECTION MODIFICATIONS AT VIMY RIDGE ROAD AND ALEXANDER ROAD. WHEREAS, voters in 2003 voted to continue a long- assessed property tax for the purpose of funding a Capital Improvement Program, and WHEREAS, bonds were sold in 2004 to fund a list of designated street capital improvement projects, and WHEREAS, additional projects can be funded from remaining fund balances of completed projects. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1. The City Manager is hereby authorized to initiate two (2) additional improvement projects under the 2004 Bond Capital Improvement program to: a. Modify the agreement between the City and AHTD for the construction of Fourche Dam Pike Street & Drainage Improvements to include the section from Richland Drive west to Fourche Creek bridge at an estimated cost of $340,000, and b. To establish a new project to construct a traffic signal and intersection modifications at Vimy Ridge Road and Alexander Road at an estimated cost of $155,000. SECTION 2. Funding for the (2) two projects is available from remaining fund balances of 2004 Bond Capital Improvement funds for street improvements. SECTION 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or adjudication shall not affect the remaining portions of the resolution which shall remain in full force and effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the resolution. SECTION 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent with the provisions of this resolution, are hereby repealed to the extent of such inconsistency. SECTION 5. This resolution will be in full force and effect from and after the date of its adoption. ADOPTED: January 15, 2008 ATTEST: ex Ci Cler APPROVED AS TO FORM: ��-� 7v(• .fit... City Attorney APPROV Mayor