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HomeMy WebLinkAboutResolution 1995-047 RESOLUTION NO. 95-47 WHEREAS, the City Council of the City of North Richland Hills desires to protect the public investment and all public streets, thoroughfares and public ways within the City of North Richland Hills; and WHEREAS, the City Council finds it desirable to maintain said public streets, thoroughfares and public ways in a satisfactory condition; and WHEREAS, the City Council believes such maintenance may be secured by the creation of a Permanent Street Maintenance Fund dedicated solely to the maintenance of public streets, thoroughfares and public ways within the City of North Richland Hills; and WHEREAS, the City Council has determined that the creation of said Fund will be in the best interest of citizens of the City of North Richland Hills; NOW, THEREFORE: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICH LAND HILLS, SECTION 1 : THAT there BE and is hereby created a permanent Street Maintenance Fund to provide solely for the maintenance and up keep of public streets, thoroughfares and public ways existing within the City of North Richland Hills and under the control of the City of North Richland Hills. SECTION 2: THAT the Fund shall be established and monies dedicated and deposited therein on an annual basis as part of the annual budgetary process of the City of North Richland Hills. SECTION 3: THAT the reserves provided by such Fund shall be used solely for the following purposes: A. To provide for the reconstruction of public streets, thoroughfares and public ways existing within the City of North Richland Hills and under the control of the City of North Richland Hills. B. To provide for the resurfacing, overlay, seal coating, patching or other required maintenance necessary to preserve and protect the public investment in such public streets, thoroughfares and public ways. Resolution No. 95-47 Page Two SECTION 4: THAT all expenditures from said fund shall be consistent with approved contracts or bid specifications and that policies and procedures for the administration of said Fund shall be developed by the City Manager. SECTION 5: THAT in the event of natural disasters or other public calamity resulting in an extreme emergency, reserves from said Fund may be used for purposes other than those specified herein with approval of the City Council. PASSED BY THE CITY COUNCIL this 28th day of August, 1995. APPROVED: ATTEST: ~ ~ Tommy Bro~r c?-~~ APPROVED AS TO FORM AND LEGALITY: