HomeMy WebLinkAboutResolution 4693-10-2016 A Resolution
NO. 4693-10-2106
A RESOLUTION AUTHORIZING THE EXECUTION OF AN ADVANCE FUNDING
AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION IN AN
AMOUNT OF $77,966, WITH CITY PARTICIPATION IN AN AMOUNT UP TO
$70,000, FOR CONSTRUCTION OF A NORTHBOUND INTERSTATE HIGHWAY
35W FRONTAGE ROAD RIGHT-TURN DECELERATION LANE TO THE FUTURE
THOMPSON ROAD
WHEREAS, the City of Fort Worth and Keller Independent School District identified the need
to construct a Northbound Interstate Highway 35W frontage road right-turn deceleration lane to the
future Thompson Road; and
WHEREAS, the Keller Independent School District will provide up to $70,000 to the City of
Fort Worth for the construction of a Northbound Interstate Highway 35W frontage road right-turn
deceleration lane to the future Thompson Road; and
WHEREAS, the City of Fort Worth intends to enter into an Advance Funding Agreement with
the Texas Department of Transportation in the amount of$77,966, with City participation in the amount
of $70,000, plus any cost overruns, for the construction of a Northbound Interstate Highway 35W
frontage road right-turn deceleration lane to future Thompson Road;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH THAT:
The City Manager is hereby authorized to execute an Advance Funding Agreement with the
Texas Department of Transportation in the amount of$77,966, with City participation in the amount up
to $70,000, plus any cost overruns, for construction of a Northbound Interstate Highway 35W frontage
road right-turn deceleration lane to the future Thompson Road.
Adopted this 25`h day of October, 2016.
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 10125/2016 - Ordinance No. 22485-10-2016 & Resolution
No. 4693-10-2016
DATE: Tuesday, October 25, 2016 REFERENCE NO.: **C-27974
LOG NAME: 20N RIVERSIDE-KISD ILA AMENDMENT 1- 02272
SUBJECT:
Authorize Execution of Amendment No. 1 to City Secretary Contract No. 47490, an Interlocal Cooperation
Agreement, with Keller Independent School District in the Amount of$390,776.00 for the Construction of
the Thompson Road Intersection with North Riverside Drive and a Deceleration Lane from the Northbound
Frontage Road of Interstate Highway 35W for Future Thompson Road, Thereby Increasing Keller
Independent School District's Total Contribution to $405,776.00, Adopt Resolution Authorizing Execution of
an Advanced Funding Agreement with the Texas Department of Transportation in an Amount Up to
$70,000.00 to Construct a Frontage Road Right-Turn Deceleration Lane to the Future Thompson Road and
Adopt Appropriation Ordinance (COUNCIL DISTRICT 4)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
North Riverside Drive Project— North Tarrant Parkway to Old Denton Road of the Developer Contribution
Fund in the amount of$405,776.00;
2. Authorize the execution of Amendment No.1 to City Secretary Contract No. 47490, an Interlocal
Cooperation Agreement, with Keller Independent School District in the amount of$390,776.00 for the
construction of the future Thompson Road intersection at North Riverside Drive and the Northbound
Interstate Highway 35W Frontage Road right-turn deceleration lane to the future Thompson Road, thereby
increasing Keller Independent School District's total contribution to $405,776.00;
3. Adopt the attached resolution authorizing execution of an Advanced Funding Agreement with the
Texas Department of Transportation in an amount up to $70,000.00 to construct a Northbound Interstate
Highway 35W frontage road right-turn deceleration lane to the future Thompson Road; and
4. Authorize a payment to the Texas Department of Transportation in an amount up to $70,000.00.
DISCUSSION:
The 2014 Bond Program includes funding for roadway capacity improvements along North Riverside Drive
from North Tarrant Parkway to Old Denton Road. This project includes widening the roadway from two
lanes to four lanes, left and right turn lanes, roundabouts at Summerfields Boulevard and Thompson
Road, storm drainage improvements, shared use paths, streetlights and traffic signal modifications at
North Tarrant Parkway.
On February 9, 2016, the City administratively authorized an Interlocal Cooperation Agreement with Keller
Independent School District (KISD) for the design of proposed Thompson Road at North Riverside Drive in
the amount of$15,000.00. Under this amendment, KISD will provide an additional $390,776.00 for the
Logname: 20N RIVERSIDE-KISD ILA AMENDMENT 1- 02272 Page I of 3
construction of the intersection of Thompson Road with North Riverside Drive by the City and the
Northbound Interstate Highway 35W Frontage Road deceleration lane to Thompson Road by the Texas
Department of Transportation.
The Advanced Funding Agreement with the Texas Department of Transportation (TxDOT) will provide for
the State to construct the deceleration lane on the northbound frontage road of Interstate Highway 35W at
Thompson Road.
Construction of the Thompson Road intersection at North Riverside Drive has components of the overall
project that include design, construction, project management, easements and right-of-way acquisition,
construction administration, material testing, inspection and contingencies. The City project budget for the
full improvements described above is $13,365,776.00. Additionally, construction of the northbound
frontage road of Interstate Highway 35W is a component of a KISD development project involving a
Community Facilities Agreement with the City of Fort Worth.
A portion of this project will include 2014 Bond Funds. Available resources within the General Fund will be
used to provide interim financing for these expenses until debt is issued. Once debt associated with this
project is sold, bond proceeds will reimburse the General Fund, in accordance with the statement
expressing official Intent to Reimburse, that was adopted as part of the ordinance canvassing the bond
election (Ordinance No. 21241--05-2014) and the subsequent ordinance authorizing debt in 2016
(Ordinance No. 22216-05-2016).
Construction of North Riverside Drive is anticipated to begin in Spring 2017 and end in Spring 2019.
The Project is located in COUNCIL DISTRICT 4, Mapsco 35G.
This contract will be with a governmental entity, state agency or public institution of higher education:
Keller Independent School District and the Texas Department of Transportation.
FISCAL INFORMATION /CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinance, funds will be available in the 2014 Bond Program and the Developer
Contribution Fund.
Description Existing ppropriations P
Appropriations Per M&C propriat ions
014 Bond
Program 11,610,000.00 $ 0.00 $11,610,000.00
134014
Developer
Contribution Fund 0.00 $405,776.00 405,776.00
30104
Stormwater
Capital Project- 1,075,000.00 $ 0.00 1,075,000.00
Bonds Fund
9651
FUND IDENTIFIERS (FIDs):
TO
Logname: 20N RIVERSIDE-KISD ILA AMENDMENT 1- 02272 Page 2 of 3
Fund Department ccounj Project �Program ctivity Budget Reference # oun
ID ID Year (Chartfield 2)
FROM
Fund Department cCounJ Project �Program ctivity Budget Reference # moun
ID 11 Year (Chartfield 2)
CERTIFICATIONS:
Submitted for City Manager's Office by: Jay Chapa (5804)
Orininating Department Head: Douglas Wiersig (7801)
Additional Information Contact: Mike Weiss (8485)
Logname: 20N RIVERSIDE-KISD ILA AMENDMENT 1- 02272 Page 3 of 3