File #: 11-301    Name: Budget Amend LPAFA Deceleration Lane
Type: Ordinance Status: Approved and Finalized
In control: City Council Regular Meeting
On agenda: 6/21/2011 Final action: 6/21/2011
Title: Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2010-11 Annual Budget, Including the 2011-2015 Capital Improvements Program to Add Right-Turn Deceleration Lanes to the Reconstruction of US 380 from Lake Forest Drive to Custer Road (FM 2478)
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 Add Right-Turn Deceleration Lanes to the Reconstruction of US 380 from Lake Forest Drive to Custer Road (FM 2478)

 

Summary

 

MEETING DATE:                     June 21, 2011

 

DEPARTMENT:                      Development Services/Engineering

 

CONTACT:                       Corey Nesbit, P.E., Development Engineering Manager

                     Jack Carr, P.E., Director of Engineering

                     

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 (LPAFA) with TxDOT as necessary for the construction of two right-turn deceleration lanes during the widening of US 380, for an amount not to exceed $65,000.

                     The approval of the LPAFA is contingent upon the developer providing an upfront payment to the City equal to the cost to construct the two right-turn deceleration lanes.

 

FINANCIAL SUMMARY: 

                     TxDOT will construct the two right-turn deceleration lanes using funds provided by the developer through an agreement with the City.

                     There will be no City of McKinney financial resources utilized for the construction of this project

 

BOARD OR COMMISSION RECOMMENDATION:

                     N/A