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Res 10-577RESOLUTION NO. 10-577 A RESOLUTION of the CiTy Council of the City of Federal Way, Washington, authorizing execution of Local Agency Agreement with Washington State Department of Transportation regarding the Improvement of the I-5 South 320 Street Southbound Off-Ramp in the City of Federal Way, Washington. WHEREAS, the City of Federal Way applied for STPUL Funds from the Puget Sound Regional Council for the purpose of design and construction of the I-5 South 320�' Street Southbound Off-Ramp; and WHEREAS, the Puget Sound Regional Council agees to grant the City of Federal Way estimated federal funds in the amount of Three Million, Two Hundred Thousand and No/100 Dollars ($3,200,000.00) provided that the City Council authorizes the City Manager to enter into a Local Agency Agreement with the Washington State Department of Transportation; and WHEREAS, by acceptin� said grant the City of Federal Way agrees to execute the Local Agency Agreement; and WHEREAS, by accepting said grant the City of Federal Way agrees to match the federal funds in an estimated amount of One Million, Six Hundred Thousand and No/100 Dollars ($1,600,000.00), which has been budgeted in the City's 2009 housekeeping budget adjustment; NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, RESOLVES AS FOLLOWS: Section 1. Execution of Acceptance of the Local Agency Agreement. The City Manager or his designee is hereby authorized to execute the Local Agency Agreement regarding improvement of the I-5 South 320` Street Southbound Off-Ramp in the City of Federal Way. Resolution No.10-577 . Page 1 of 3 Section 2. Receipt of Federal Funds. The City Manager or his designee is hereby authorized to receive the federal funds estimated to be Three Million Two Hundred Thousand and No/100 Dollars ($3,200,000.00). Section 3. Matching Funds Authorized. Pursuant to the terms of the Local Agency Agreement, the city commits approximately One Million Six Hundred Thousand and No/100 Dollars ($1,600,000.00), in matching funds. Section 4. Severabilitv. If any section, sentence, clause or phrase of this resolution should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence, clause or phrase of this resolution. Section 5. Corrections. The City Clerk and the codifiers of this resolution are authorized to make necessary corrections to this resolution including, but not limited to, the correction of scrivener/clerical errors, references, resolution numbering, section/subsection numbers and any references thereto. Section 6. Ratification. Any act consistent with the authority and prior to the effective date of this resolution is hereby ratified and affirmed. Section 7. Effective Date. This resolution shall be effective immediately upon passage by the Federal Way City Council. RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON this 16th day of March, 2010. CITY OF FEDERAL WAY e c-�H,-�—. ` MAY R, LIND CHMAR Resolution No.10-577 . Page 2 of 3 ATTEST: CIT ERK, CAROL MC ILLY, CMC APPROVED AS TO FORM: /" � %��1� �ae9 CITY ATTORNEY, PATRICIA A. RICHARDSON FILED WITH THE CITY CLERK: 3/9/2010 PASSED BY THE CITY COUNCIL: 3/16/2010 RESOLUTION NO.: 10-577 Resolution No.10-577 . Page 3 of 3