A RESOLUTION AUTHORIZING ACCEPTANCE OF A FEDERAL TRANSIT ADMINISTRATION GRANT FOR CONSTRUCTION AND AUTHORIZATION FOR THE MANAGER TO APPLY FOR STATE MATCHING FUNDS (2006-06-26/R-20)

WHEREAS, on June 6, 2006, the Town received notification of a federal capital assistance grant award for land acquisition and construction of the Transit portion of the Town Operations Center totaling $4,900,000; and

WHEREAS, we have local matching funds of $490,000 available in the Transportation Capital Reserve Fund;

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Town Manager is authorized to accept the federal grant for construction of the transit portion of the Town Operations Center and apply for State matching funds in the amount of $490,000.

This the 26^th day of June, 2006.