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RES 2015-34TOWN OF TROPHY CLUB, TEXAS RESOLUTION NO. 2015-34 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, SUPPORTING STATEWIDE PROPOSITION 7 FOR INCREASED STATE FUNDING FOR TRANSPORTATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the 84th Texas Legislature authorized a constitutional amendment for increased transportation funding to be on the November 3, 2015, statewide ballot; and, WHEREAS, Proposition 7 is The constitutional amendment dedicating certain sales and use tax revenue and motor vehicle sales, use, and rental tax revenue to the state highway fund to provide funding for non -tolled roads and the reduction of certain transportation -related debt;" and, WHEREAS, if approved by voters, Proposition 7 would result in increased state funding for transportation to be used for non -tolled roadway projects and to repay principal and interest on general obligation bonds issued by the State; and. WHEREAS, although this would not fully fund the state's overall transportation needs, it would be a key step toward securing funding for transportation projects in Texas. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: Section 1. That the Town Council of the Town of Trophy Club supports Proposition 7, the proposed amendment on the November, 3, 2015, ballot to address Texas' transportation needs. Section 2. That this resolution shall become effective immediately upon its date of passage. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, this 27th day of October, 2015. C. Nick Sanders, Mayor Town of Trophy Club, Texas ATTEST: Holly Fimf es, Town Secreta'r'y' y Town of Tr Thy Club, Texas rte", APPROVED TO AS FORM: c� Patricia A. Adams , Town Attorney Town of Trophy Club, Texas