Consider and take action on Resolution No. 17-079, authorizing Mayor to enter into an agreement with TXDoT for Exit Ramp near Holland Rd on I-45

Several months ago, TxDOT officials provided the City the final schematic layout of the upcoming Gulf Freeway reconstruction.  Upon review of the layout, City staff and business owners in Lago Mar recognized that the only freeway exit to get to Holland Road (southbound direction) was going to be just past FM 517 to the north, which is approximately 1-1/2 miles from Holland Road.  City officials initiated a meeting with TxDOT to formulate a plan to get an additional exit ramp for Holland Road traveling southbound.  TxDOT required an engineering study justifying the additional exit ramp.  The study is complete and acceptable to TxDOT.  The final item is an Agreement between TxDOT and Texas City committing TxDOT to design and construct the exit ramp, and committing Texas City to pay $600,000 for the additional exit ramp.  The funding will be from a combination of $200,000 from TCEDC (already approved) and $400,000 from Buc-ee's.  Actual payment to TxDOT will be sometime around June/July 2018.