Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Enter into an Agreement with the Regional Transportation Council for Award of Transportation Development Credits for Various Federally Funded Transportation Projects
Summary
COUNCIL GOAL: Direction for Strategic & Economic Growth
(1A: Establish regional and infrastructure incentives to increase economic growth)
MEETING DATE: August 17, 2021
DEPARTMENT: Development Services / Engineering
CONTACT: Nick Ataie, P.E., Engineering CIP Manager
Gary Graham, P.E., Director of Engineering
RECOMMENDED CITY COUNCIL ACTION:
*? Approval of the Resolution.
ITEM SUMMARY:
*? This Resolution authorizes the City Manager to enter into an Agreement with the Regional Transportation Council (RTC) for Award of Transportation Development Credits for the following planned transportation projects which include federal funding:
o US 380 and Community Avenue Intersection Improvements (CIP Project ST2011, CSJ 0135-02-067)
o SH 5 Deck Park Feasibility Study (CIP Project ST2234, CSJ 0047-05-059)
BACKGROUND INFORMATION:
* The Regional Transportation Council (RTC) is the regional transportation policy body associated with the North Central Texas Council of Governments (NCTCOG), our regional Metropolitan Planning Organization, and is comprised primarily of local elected officials.
* The City of McKinney has previously been awarded Transportation Development Credits (TDC's) by NCTCOG for adopting policies, programs, and projects that reflect regional priorities and support Mobility 2045 goals.
* A TDC is a financial accounting tool approved by the Federal Highway Administration that allows states to use federal funding on projects without the typical requirement of a cash match. In other words, cities can leverage awarded TDC's, if approved, to offset their obligated local match for a project.
* The NCTCOG tracks regional projects through the Transportation Improvement Program (TIP) which is a staged,...
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