AGENDA CAPTION:
Title
Consider approval of Resolution 2024-180R, approving an Amendment to the Advance Funding agreement (AFA) with the State of Texas, acting through the Texas Department of Transportation (TxDOT) for the SH-123 Drainage and Landscape Betterment Project to reduce the city’s contribution to costs for construction along IH-35 from South of SH-80 (Hopkins Street) to north of RM-12 (Wonder World Drive) by $270,000.00 from $5,822,990.22 to $5,552,990.22; authorizing the City Manager, or her designee, to execute said amendment; and declaring an effective date.
Body
Meeting date: September 17, 2024
Department: Engineering & CIP
Amount & Source of Funding
Funds Required: $0.00
Account Number: C629
Funds Available: $1,677,772.43
Account Name: IH-35 Utility Relocations
Fiscal Note:
Prior Council Action: Resolution 2020-86R; Advanced Funding Agreement (CSJ No. 0016-03-114)
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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☒ Transportation - Multimodal transportaion network to improve accessibility and mobility, minimize congestion and reduce pollution
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Background Information:
The attached Advanced Funding Agreement (AFA) Amendment with the Texas Department of Transportation (TxDOT) will reduce the City’s contribution by $270,000.00 from $5,822,990.22 to $5,552,990.22 because the City has received the 2024 Governor’s Community Achievement Awards (GCAA) for outstanding community improvements. These funds will be used for IH-35 at State Highway (SH) 123 landscaping betterment. Overall project scope includes intersection improvements at IH-35 and SH 123 and ramp reversals between SH 80 (Hopkins St) and RM 12 (Wonder World Dr).
An Advanced Funding Agreement (AFA) between the Texas Department of Transportation (TxDOT) and the City was executed on 05/26/2020 (Resolution 2020-86R) to include drainage and landscaping betterments along IH 35 from south of SH 80 to north of Ranch To Market Road (RM) 12. In June 2020, the City made a payment in the fixed amount of $5,822,990.22 to the TxDOT.
An AFA amendment is required to reduce the City’s portion of the fixed amount from $5,822,990.22 to $5,552,990.22, so that the TxDOT can refund to the City $270,000.00. City staff will identify a future project that meets that intent of the GCAA award and apply the funds towards it.
The project is under construction and is expected to be completed by Spring of 2025.
Council Committee, Board/Commission Action:
NA
Alternatives:
NA
Recommendation:
Staff recommends approval of this amendment