Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2018 - 2022 Capital Improvements Program Budget and Amending the 2018-2022 Capital Improvements Program and to Accept Funds from Oncor Electric Delivery Company LLC, a Delaware Limited Liability Company, as per the Executed Escrow Agreement for the Design and Construction of a Median Opening and Left Turn Lane in the Median of McKinney Ranch Parkway into the Oncor Property.
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
MEETING DATE: March 6, 2018
DEPARTMENT: Development Services / Engineering
CONTACT: Nicholas Ataie, P.E., Engineering CIP Manager
Jason Horn, P.E., Civil Engineer
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Ordinance.
ITEM SUMMARY:
* This Ordinance amends the FY2017-2018 Annual CIP Budget and the 2018-2022 Capital Improvements Program by accepting $66,810 from Oncor Electric Delivery Company LLC, a Delaware Limited Liability Company, as per the executed Escrow Agreement. These funds have been placed in the CIP Project No. ST1614 for the design and construction of a median opening and left turn lane in the median of McKinney Ranch Parkway into the Oncor property.
BACKGROUND INFORMATION:
* Construction of the McKinney Ranch Parkway Improvements project (ST1614) is currently underway from the eastern limits of the McKinney ISD property to US 75.
* Per the City of McKinney Code of Ordinances Section 142-37 (Facilities Agreement), the city delegates to the city engineer the ability to approve standard facilities agreements without City Council approval.
* Standard facilities agreements are referred to as "Template Agreements" and do not involve the expenditure of City funds while providing protections for the City.
* McKinney Code ? 142-137(d) also provides if there is a disagreement regarding the provisions in a Template, that the City Council reviews the provisions and makes a recommendation to resolve the disagreement.
* A standard fa...
Click here for full text