Title
Consider/Discuss/Act on a Resolution Authorizing the Interim City Manager to Execute a Local Project Advance Funding Agreement (LPAFA) with the Texas Department of Transportation (TxDOT) to Receive Regional Toll Revenue for the Design and Right-of-Way for Virginia Parkway Lanes 5 & 6 from Bellegrove Drive to US 75
Summary
MEETING DATE: October 7, 2014
DEPARTMENT: Development Services/Engineering
CONTACT: Gary Graham, PE, PTOE, CIP & Transportation Engineering Manager
Carla Easton, PE, Engineer
RECOMMENDED CITY COUNCIL ACTION:
· Approval of Resolution.
ITEM SUMMARY:
· This Resolution authorizes the Interim City Manager to execute a LPAFA with TxDOT for the City to receive RTR funding to cover 80% of the design and right-of-way acquisition costs associated with the Virginia Parkway Lanes 5 & 6 from Bellegrove Drive to US 75 project, as follows:
o RTR $2,480,000
o City match $620,000
BACKGROUND INFORMATION:
· The estimated cost for design and right-of-way acquisition is $3,100,000 and will be shared as provided above.
· A design contract was authorized and initiated in October 2013 for a not to exceed amount of $1,209,000.
· The cost of right-of-way acquisition is estimated to be $1,900,000, and the procurement process will begin in October 2014.
FINANCIAL SUMMARY:
· This Resolution authorizes a LPAFA with the Texas Department of Transportation that obligates the City share of the design and right-of-way costs in the amount of $620,000.
· The City match is available in the Capital Improvements Program (ST1219).
BOARD OR COMMISSION RECOMMENDATION:
· N/A