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