Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Enter into an Advance Funding Agreement with the Texas Department of Transportation for Improvements to East Louisiana Street (Capital Improvement Project CO1817)
Summary
COUNCIL GOAL: Direction for Strategic & Economic Growth
(1A: Establish regional and infrastructure incentives to increase economic growth)
MEETING DATE: August 3, 2021
DEPARTMENT: Development Services / Engineering
CONTACT: Nick Ataie, P.E., Engineering CIP Manager
Gary Graham, P.E., Director of Engineering
RECOMMENDED CITY COUNCIL ACTION:
*? Approval of the Resolution.
ITEM SUMMARY:
*? This Resolution authorizes the City Manager to enter into an Advance Funding Agreement with the Texas Department of Transportation (TxDOT) Outlining Obligations, Funding Sources, and Requirements for Improvements to East Louisiana Street.
BACKGROUND INFORMATION:
* The proposed improvements to East Louisiana Street were previously partially designed under Capital Improvement Project CO1208, also known as the Flour Mill Phase I Project, and included a complete reconstruction of East Louisiana Street including street, drainage, utility, and pedestrian enhancements. The project also includes construction of a roundabout at the intersection of East Louisiana Street and Greenville Street.
* The intent of this project is to provide sustainable infrastructure improvements to further promote economic growth and development in East McKinney (East of State Highway 5). In addition, the construction of a new roundabout intersection connecting East Louisiana Street and Greenville Street will improve mobility and street network connectivity.
* The Engineering Department has previously worked with the North Central Texas Council of Governments (NCTCOG), TxDOT, and Collin County to identify and request alternative (non-local) funding sources which may be available to support the planned improvements to East Louisiana Street.
* In Ap...
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