Acceptance and approval of an Interlocal Cooperation Agreement between the Rio Grande Valley Metropolitan Planning Organization (RGVMPO), represented by the Lower Rio Grande Valley Development Council (LRGVDC), the City of Weslaco and the County of Hidalgo, by and through its Precinct 1. The purpose of this Agreement is to establish the terms and conditions under which the City and County will provide funding to the RGVMPO for the engagement of a consultant to conduct a corridor study for the City of Weslaco, within Hidalgo County Precinct 1, focusing on the area known as the "SW Loop."