File #: 11-234    Name: US 380 Budget Amendment
Type: Ordinance Status: Approved and Finalized
In control: City Council Regular Meeting
On agenda: 5/17/2011 Final action: 5/17/2011
Title: Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2010-11 Annual Budget, Including the 2011-2015 Capital Improvements Program, to Furnish Traffic Signal Equipment Related to the Widening of US 380 from Custer to East of Lake Forest
Attachments: 1. Ordinance, 2. Budget Amendment

Title

Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2010-11 Annual Budget, Including the 2011-2015 Capital Improvements Program, to Furnish Traffic Signal Equipment Related to the Widening of US 380 from Custer to East of Lake Forest

 

Summary

 

MEETING DATE:                     May 17, 2011

 

DEPARTMENT:                      Development Services

 

CONTACT:                       Gary Graham, P.E., Transportation Manager

                     Robyn Root, P.E., Traffic Engineer

                     

RECOMMENDED CITY COUNCIL ACTION:                     

                     Approval of the Ordinance.

 

ITEM SUMMARY: 

                     This Ordinance amends expenditures in the FY2010-2011 budget and amends the 2011-2015 Capital Improvements Program project ST9158 US 380 Widening (Custer to East of Lake Forest).

 

BACKGROUND INFORMATION: 

                     A concurrent Resolution authorizes a Local Participation Advance Funding Agreement with TxDOT for an amount not to exceed $27,500 as necessary to purchase traffic signal equipment needed during the widening of US 380.

                     The agreement provides that TxDOT will reimburse the City for the cost to purchase the signal equipment.

 

FINANCIAL SUMMARY: 

                     Funds for this amendment are provided by the TxDOT reimbursement.  

                     The costs associated with the purchase of the signal equipment will be reimbursed by TxDOT at the completion of the US 380 construction project in 2014; therefore, the City will need to cash flow the purchase until the payment is received.

 

BOARD OR COMMISSION RECOMMENDATION:

                     N/A