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