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HomeMy WebLinkAboutResolution 3384-07-2006A Resolution NO 3384-07 2006 A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE AN INTERLOCAL AGREEMENT WITH THE NORTH CENTRAL TEXAS COUNCIL OF GOVERNMENTS FOR RECEIPT AND USE OF SUSTAINABLE DEVELOPMENT PROJECT GRANT FUNDS FOR THE EVANS & ROSEDALE PROJECT WHEREAS the Regional Transportation Council, comprised primarily of local elected officials, is the regional transportation policy board associated with the North Central Texas Council of Governments ("NCTCOG'), and is the regional forum for cooperative decisions on transportation, and, WHEREAS on January 19 2006 the City Council adopted M&C G-15065 authorizing the City Manager to nominate the Evans & Rosedale project ("Project") for the NCTCOG Sustainable Development Program for planning activities m the Evans & Rosedale urban village and the residential area east of the village and, WHEREAS the City of Fort Worth submitted a sustainable development project application for the Evans & Rosedale project to NCTCOG pnor to the January 20 2006 deadline; and, WHEREAS on February 24 2006 NCTCOG nominated the City of Fort Worth ("City") to receive a grant m the amount of $65 000 (the `Grant") through the Sustainable Development Program for the Prod ect; and, WHEREAS on April 14 2005 the Regional Transportation Council approved $40 61 million for the current Sustainable Development Call for Projects, and on April 13 2006 approved funding m the amount of $65 000 for the Project; and, WHEREAS the Regional Transportation Council approved the `Resolution Estabhslung Management of Sustainable Development Projects" on May 11 2006 and, WHEREAS the Regional Transportation Council requires the submittal of this resolution prior to the execution of an mterlocal agreement with the North Central Texas Council of Governments, and, WHEREAS the Crty of Fort Worth will serve as the lead Project contact; and, WHEREAS the City of Fort Worth supports the overall land use concept and development of the Evans & Rosedale project as applied for in the original Sustainable Development Call for Projects application (Attachment 1) and approves the project timing to be complete by May 1 2009 and, Resolution No. 3384-07 2006 WHEREAS the City of Fort Worth will fund or pass through funds from the private sector for a m>_mmum local cash match of 20 percent ($16,250) of the total project cost ($81,250) The local cash match will be paid prior to receipt of the Notice to Proceed and will be reimbursed m its entirety when expenditures reach 80 percent of the Project total. Additionally 80 percent of the total Project cost will be reimbursed upon completion of the project; and, WHEREAS the City of Fort Worth will be responsible for any cost overruns, not the Regional Transportation Council, and, WHEREAS the City of Fort Worth acknowledges that all funding is handled on a reimbursement basis. Expenditures in excess of the local match amount of $16,250 made prior to sigmng an mterlocal agreement on the protect and receipt of a Notice to Proceed will not be eligible expenses, and, WHEREAS the Crty of Fort Worth selects Option 1 `Standard Practice Option as outlined m Attachments 2 and 3 and will therefore not assume the risk associated with Option 2, and, WHEREAS the City will utilize the Grant funds for work on the Project as outlined m an mterlocal agreement that the Crty must execute with NCTCOG The City Manager will have the authority to move funds between the categories as needed, as long as the total project cost is not exceeded, and, WHEREAS Crty of Fort Worth concurs with the Regional Transportation Council resolution (Attachment 4) and program rules (Attachment 5) NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH THAT The Crty Council hereby authorizes the City Manager to execute an mterlocal agreement with NCTCOG and/or Texas Department of Transportation for receipt of Grant funds for the Evans & Rosedale Project. AND IT IS SO RESOLVED Adopted this lth day of July , 2006 fry ATTEST ~ ~°~~^ ~~ ~ APPROVED ~~ ~, -~ * `~ ~ CITY COUNCIL .~ \' By ---- ~~-- - JUL 1 1 2006 Marty Hendrix ~ A City Secretary City Secretary of the City of Fort Worth, Texas .. Resolution No. 3384-07 2006 Attachment 1 Evans & Rosedale Planning Project Description The Evans & Rosedale Urban Village is a 15-acre redevelopment area located approximately 5 minutes south of Fort Worth s Central Business District (CBD) and immediately east of the Medical District. It serves as a gateway to Southeast Fort Worth and the Medical District to the west. Its strategic location makes it a potential hub of commerce and culture for the region Over 35 000 daytime and evening residents live within afve-minute drive of the urban village and another 1 000 are expected to consider the area home within the next year The urban village is linked to the region by a network of highly traveled transportation routes Two major U S interstate highways link the Evans & Rosedale area to national markets and other parts of Fort Worth Interstate 30 (I- 30) to the immediate north provides easy access to D/FW Airport, Dallas and east and west Fort Worth Interstate 35W (I-35W) the NAFTA Highway provides a direct route to Canada and Mexico as well as to north and south Fort Worth Over 140 000 cars pass daily along E Rosedale at its adjacent interchange with I-35W E Rosedale is a major arterial street that connects the urban village to Fort Worth s Cultural District to the west and the City of Arlington to the east. This year the Texas Department of Transportation is scheduled to begin construction to widen E Rosedale to a six-lane boulevard from I-35W to U S Hwy 287 The portion of E Rosedale that is in the urban village will include bulb-outs and on-street parking to maintain the pedestrian orientation of the village The urban village is also served by the Fort Worth Transportation Authority which offers bus service in and adjacent to the urban village Background and Revitalization Activities From the early 1900s to the (ate 1960s the Evans & Rosedale area was a vibrant business district that primarily served Fort Worth s African American community The business district included commercial retail entertainment, institutional and residential uses Due to a myriad of factors including disinvestment, the business district declined and by the late 1970s only a small number of active businesses remained In recent years the City of Fort Worth in partnership with community nonprofits and residents have invested funding and time to revitalize the Evans & Rosedale area in accord with the community's vision for a sustainable mixed-use pedestrian oriented business and cultural district. in 2004 the City of Fort Worth completed a new streetscape along Evans Avenue from Rosedale Street to Terrell Avenue The new streetscape includes a public plaza and sidewalk improvements that incorporate historic elements placed on bronze granite and limestone plaques that celebrate the achievements of members of Fort Worth's African American community On- street parking is available in order to provide convenience for automobile visitors Resolution No. 3384-07 2006 Attachment 1 Evans & Rosedale Planning Project Description Trees have been planted along the sidewalk to provide shade and landscaping benches are placed along the sidewalk to provide sitting areas for pedestrians and decorative street lighting is placed at intervals for safety Also in 2004 the City commissioned a consultant team to develop a master plan for the urban village and the surrounding neighborhood The master plan outlines a set of activities intended to create amixed-use pedestrian oriented business and cultural district that celebrates the African American heritage of Fort Worth including neighborhood-serving retail businesses office development, and new residential development. The master plan was adopted by the Fort Worth City Council in October 2004 In addition the following activities have provided a foundation for achieving a successful urban redevelopment project. In 2002 the urban village was rezoned to aloes-intensity mixed-use zoning category MU-1 The MU-1 zoning category allows compatible residential office and retail development, and will help create a vibrant, compact, mixed-use district. In order to control the real estate the City has assembled over 10 acres of land and has performed environmental assessments for each parcel and remediation where needed The urban village is located in the City's Southside Tax Increment Financing (TIF) District, which is a source of revenue for various public improvements that the TIF Board deems necessary to bring about the renaissance of the urban village and adjacent residential areas Additionally two City of Fort Worth public facilities are planned in the urban village - a 30 000 square foot public health facility and a 10 000 square foot branch library The new branch library will be adjoined to a historic building Most recently the City of Fort Worth has begun seeking a master developer to oversee the redevelopment activities in the urban village and to market the village to private investors Housing Within aone-mile radius of the urban village approximately 8~ percent of the housing stock was built prior to 1970 Since 1970 this area experienced low production of new and rehabbed housing as well as demolition of substandard housing These trends have negatively affected net housing absorption in the area Also within this one-mile radius approximately 93 percent of the residential units are valued at less than $80 000 and the home ownership rate is approximately 52 percent. In order for the Evans & Rosedale area to capture a share of the demand for central city housing that is now occurring in the CBD and the Medical District, new and rehabilitated housing must appeal to consumers in both aesthetic and sustainable terms 2 Resolution No. 3384-07 2006 Attachment 1 Evans & Rosedale Planning Project Description Proposed Sustainable Development Plan In partnership with the Near Southeast Community Development Corporation (CDC) a nonprofit experienced in housing rehab and new development in the Evans & Rosedale area the City of Fort Worth proposes a sustainable development plan for the Evans & Rosedale area The health and vitality of the residential district adjacent to the urban village complements and supports the vibrancy of the village and also fulfills the community's directive that the overall redevelopment be sustainable in the long term Therefore the urban village and a five block residential area immediately adjacent to the urban village on the east provide the optimal area for the sustainable development plan This is due in part to the public and private investments anticipated in the near future in the urban village the infrastructure and other public improvements that were recently added to the area as part of the new streetscape and emerging interest in residential redevelopment of the adjacent neighborhood The sustainable development target area is bounded by' Leuda Street and Terrell Street to the north Rosedale Street to the south I-35W to the west and New York Avenue to the east. The sustainable development plan consists of two elements Housing Market Assessment: In order to determine the types of housing products that would be supported by private investment, a detailed market assessment is needed for the Evans & Rosedale area The market assessment will identify residential product types that satisfy market demand in the area the depth of that market demand and how best to attract potential residents to the area This assessment and supporting collateral material would be used to support investment decisions from prospective investors and developers 2 Urban Design Standards In order to manage and protect the value of the early investments made in the urban village and the adjacent residential neighborhood there must be in place early on a plan for stewardship of the physical environment. Urban design standards will help in the control of the physical appearance and other aspects of new and rehabbed development. The design standards will address both new and rehabbed commercial and residential development along with guidelines for landscape signage and other areas in the target area The proposed activities above would continue the redevelopment activities in the urban village and spur investment in the adjacent residential area by leveraging private investment. Resolution No. 3384-07 2006 Attachment 2 -~ - Lead Project Second RTC Loral Required ', Reimbursement TIP # Project Name Sponsor Sponsor Funds ! Local I Available Date Approved Match leave Evans & Rosedale City of Fort Worth N/A $65,000 $16,250 October 2006 blank Resolution No. 3384-07 2006 Attachment 3 NCTCOG Sustainable Development Call for Projects Project Implementation Process RTC Action to Approve Sustainable Development Projects (04113106) 1 Lead Public Sponsor chooses Option 1 `Standard Practice Option" l Resolution of Governing Body submitted to NCTCOG (no later than 5 p.m., July 14 2006)' 1 RTC Action to Approve Project Scope and Placement in TIP 1 Sign Interlocal Agreement with NCTCOG' i Lead Public Sponsor provides 20% cash match to NCTCOG 1 NCTCOG issues Notice to Proceed z 1 Begin construction using `Project Staging" date as a start date i C:oilect invoices for 80°Io RTC Local ~:.__.,. Fund portion 1 Reimburse 20% local match 1 __._ reimbursement of 80%RTC Lacal Fund 'portion. upon completion Lead Public Sponsor chooses option 2, `Local Float Option" 1 Resolution of Governing Body submitted to NCTCOG (no later than 5 p.m. July 14 2006)' 1 RTC Action to Approve Project Scope and Placement in TIP 1 Sign Interlocal Agreement with NCTCOG~ 1 _. ides-2~/s casfa i NCTCOG issues Notice to Proceed (at sponsor's risk) s, a 1 Begin construction on a locally set time schedule 1 Project Completion 1 __ Reimbursement of 80% RTC Local' Fund portion after assigned "Project Staging Group" date _~ ~..._ 'For Lead Project Sponsors wifhout land use authority the Gity within which the project is located must also provide a Governing;$ody Resi~lution and sign the Interlocal Agreement: z Expenses incurred prior to Notice to Proceed are ineligible for reimbursement. s Project may proceed, however NCTCOG reimbursement is contingent upon NCTCOG receipt of RTC Local Funds. Revised May 2006 Page 1 of 2 Resolution No. 3384-07 2006 NCTCOG Sustainable Development Call for Projects Required Lead Public Sponsor Decision Regarding Project Start Date The impact of the staging group on project timing is dependent on a local choice between two options. Option 1 Standard Practice Option means the project waits until funds for the project are in a North Central Texas Council of Governments (NCTCOG) account. Option 2, Local Float Option means the project begins after NCTCOG signs a contract with a local agency providing RTC Local Funds to NCTCOG and the local project sponsor (public or private) 'floats the project until NCTCOG receives payment of RTC Local Funds to a NCTCOG account. A required element of the Governing Body Resolution is the lead public sponsor decision to select Option 1 or Option 2. In either case transportation improvements cannot be reimbursed prior to the assigned `project staging" date OR Option 1 'Standard Practice Option Lead public sponsor uses the assigned `project staging" date as a start date for the project, pending the receipt of a Notice to Proceed. If RTC Local Funds are not available due to a default of local funds being paid to NCTCOG the project may be switched to federal funding This default situation would require a new contract with TxDOT and may result in a delay in the project. For example this default situation would occur if a NCTCOG member local government with a contract with NCTCOG to make payment of RTC Local Funds to NCTCOG is in violation of their contract with NCTCOG Option 2 `Local Float Option Lead public sponsor uses the assigned `project staging" date as a date for reimbursement only and begins the project on a locally set time schedule that begins after a project agreement is signed with NCTCOG Staff is authorized to develop interlocal agreements with RTC Local Funds that allow immediate construction with reimbursement to the lead public sponsor contingent upon the receipt of RTC Local Funds by NCTCOG Please note NCTCOG will not sign Sustainable Development Project interlocal agreements until NCTCOG signs agreement(s) to receive RTC Local Funds. If a lead public sponsor selects this option choosing to move forward and complete their project prior to the assigned reimbursement date the lead public sponsor will be at risk" with regard to the default of local funds being paid to NCTCOG This option may preclude switching to Federal Funds in the event that RTC Local Funds are unavailable For example this default situation would occur if a NCTCOG member local government with a contract with NCTCOG to make payment of RTC Local Funds to NCTCOG is in violation of their contract with NCTCOG Revised May 2006 Page 2 of 2 Resolution No. 3384-07 2006 RESOLUTION ESTABLISHING MANAGEMENT OF SUSTAINABLE DEVELOPMENT PROJECTS R06-05 WHEREAS the North Central Texas Council of Governments has been designated as the Metropolitan Planning Organization for the Dallas-Fort Worth Metropolitan Area by the Governor of Texas in accordance with federal law and, WHEREAS the Regional Transportation Council comprised primarily of local elected officials, is the regional transportation policy body associated with the North Central Texas Council of Governments, and has been and continues to be a forum for cooperative decisions on transportation and WHEREAS the Dallas-Fort Worth area is a federally designated nonattainment area for the pollutant ozone and air quality impacts the public and economic health of the entire region, and WHEREAS the Regional Transportation Council is responsible for air quality conformity and the Clean Air Act Amendments of 1990 require that in air quality nonattainment areas, transportation plans and improvement programs conform to the applicable air quality implementation plan, and WHEREAS the Regional Transportation Council's first Sustainable Development Call for Projects successfully implemented a wide variety of projects and was awarded the inaugural Smart Moves Transportation Strategies for Smart Growth Award sponsored by the Environmental Protection Agency the American Association of State Highway and Transportation Officials and the Federal Highway Administration, and WHEREAS the Regional Transportation Council approved $40 61 million for the current Sustainable Development Call for Projects on April 14 2005 and, WHEREAS on April 13 2006 the Regional Transportation Council approved the projects under the Sustainable Development Call for Projects, the use of Regional Transportation Council Local Funds pending the receipt of local funding agreement(s) and the requirement that a resolution of the lead public sponsor's governing body for each project be submitted to NCTCOG offices by 5 p m. July 14 2006. NOW THEREFORE, BE iT HEREBY RESOLVED THAT Section 1 The Regional Transportation Council approves the project scope and timing for inclusion in the Transportation Improvement Program after receiving Governing Body Resolutions for individual projects Section 2. Standard practice is to issue a notice to proceed in the year that funds are available In order to expedite benefits of the program staff is authorized to develop agreements that allow immediate construction with reimbursement pending receipt of Regional Transportation Council Local Funds The lead Public Sponsor will sign an agreement that states they understand the risk of such construction Resolution No. 3384-07 2006 Section 3. Funds returned from infrastructure investments and planning projects unable to move forward will be reallocated to the next Sustainable Development Call for Projects Section 4. Selected land banking projects will be required to return to the North Central Texas Council of Governments, at a minimum the Regional Transportation Council Local Funds upon resale or lease of land acquired under the program Reasonable costs will be considered. A Land Banking Program will be established for future projects. Section 5. The Land Banking Program is to be administered as land acquisition for economic development purposes Section 6. Regional Transportation Council action is required to reprogram funds from any Sustainable Development Program or Projects. Section 7. This resolution will be transmitted to all local governments with Regional Transportation Council selected projects under the Sustainable Development Call for Projects resolution shall be in effect immediately upon its adoption. Wendy Davis Ch it Regional Transpo tion Council Councilmember City of Fort Worth I hereby certify that this resolution was adopted by the Regional Transportation Council of the North Central Texas Council of Governments for the D Ilas-Fort Worth Metropolitan Area on May 11 2006 T Oscar Trevino P E. Secretary Regional Transportation Council Mayor City of North Richland Hills Resolution No. 3384-07 2006 Attachment 5 RULES FOR NCTCOG S SUSTAINABLE DEVELOPMENT CALL FOR PROJECTS General Conditions Project applicants may access the online application beginning November 1 2005 at: www.dfwinfo.com/trans/landuse/joint venture/2005.html Online applications must be submitted by 5 p.m., January 20, 2006 2 In addition to an electronic submittal all applicants must submit two paper copies of a completed and signed application to NCTCOG offices by 5 p.m., January 20 2006 Incomplete applications or those not received by the deadline will not be accepted Supplemental information will not be accepted after the deadline 3 Projects must be consistent with the Regional Transportation Council approved Screening/Project Selection Process and the Regional Transportation Council approved Sustainable Development Areas of Interest. 4 Projects may be funded with federal or local funds Projects built with federal funds will follow the standard Texas Department of Transportation (TxDOT)/Federal administrative process and design standards Projects built with local funds will follow the administrative process and design standards of the public sector sponsor under an interlocal agreement with NCTCOG 5 All funding is handled on a reimbursement basis and expenditures made prior to signing an agreement on the project will not be eligible expenses If federal funds are involved expenditures made prior to receipt of a Federal Project Authorization and Agreement (FPAA) are not eligible 6 A public agency must sponsor each application The sponsoring public agency will serve as the lead project contact. 7 All projects require a minimum local cash match of 20% of the total project cost. Over-matching the project is allowed 8 Cost overruns will not be the responsibility of the Regional Transportation Council Local partners will be responsible for any cost overruns. RULES FOR NCTCOG'S SUSTAINABLE DEVELOPMENT CALL FOR PROJECTS Page 1 Resolution No. 3384-07 2006 9 The Western subregion allocation is $12.59 million The combined total requests from each individual public sector agency in the Western subregion shall not exceed this amount. General Conditions (continued) 10 The Eastern subregion allocation is $28 02 million The combined total requests from each individual public sector agency in the Eastern subregion shall not exceed this amount. 11 The Regional Transportation Council will approve all final projects and funding levels. 12 The Regional Transportation Council reserves the right to remove funding from a project that is no longer supported by both local partners 13 The Regional Transportation Council reserves the right to remove funding from a project for which the local sponsor is unable or unwilling to sign a local agreement to implement the project or cannot provide the required 20% local match 14 All funds that are unexpended or removed from a project return to the regional Sustainable Development Program for future funding initiatives Conditions for Local Sustainable Development Planning Programs 1 No individual project funding request may exceed $300 000 2. Proposals must create the planning foundation or strategic assistance necessary for a development project that would be eligible and competitive for the Sustainable Development Call for Projects. Applicants are encouraged to submit Sustainable Development programs that include (but are not limited to) objectives creating urban design standards for an area creating a tax increment refinance zone or implementing a public outreach campaign promoting livable communities 3 No private sector sponsor is required Conditions for Land Banking Projects 1 The Regional Transportation Council has established that no more than 20% of the total funding allocated to the Sustainable Development Program be spent on RULES FOR NCTCOG'S SUSTAINABLE DEVELOPMENT CALL FOR PROJECTS Page 2 Resolution No. 3384-07 2006 land banking Thus no individual land banking funding request may exceed $8 1 million Conditions for Land Banking Projects (continued) 2 Individual project meetings will be required for land banking applicants. NCTCOG staff will schedule these meetings after January 20 2006 3 No private sector sponsor is required. 4 The sponsoring public agency must provide to NCTCOG a resolution of its governing body endorsing receipt of the award and intent to participate in a land banking program within 90 days of Regional Transportation Council action to select the project. Conditions for Transportation Infrastructure Projects 1 No individual project funding request may exceed $7 million 2 Zoning and development codes necessary to allow the development to be built must be in place by the January 20 2006 deadline 3 A letter of support from an active private-sector partner currently working on a development in the impacted area is required. 4 The sponsoring public agency must demonstrate apublic/private partnership Public entities may include a county city transit authority or special district. Private sector partners may include for-profit private developers not-for-profit homebuilders Independent School Districts, housing authorities colleges, universities tax increment refinance zones and public improvement districts Local government support is required for all applications 5 Items ineligible for reimbursement include but are not limited to construction or rehabilitation of private buildings artwork, fountains installation and/or rehabilitation of water and sewer lines parking garages earthwork necessary to raise proposed buildings out of the floodplain and other items not directly related to mobility Certain categories of federal funds may be more restrictive 6 Transportation infrastructure eligible for reimbursement include but are not limited to roadways intersection improvements bus stops sidewalks, shade trees landscaping pedestrian/bicyclist amenities, crosswalks bicycle paths transit stations, right of way or easements necessary for transportation facilities Certain categories of federal funds may be more restrictive RULES FOR NCTCOG'S SUSTAINABLE DEVELOPMENT CALL FOR PROJECTS Page 3 Resolution No. 3384-07 2006 Conditions for Transportation Infrastructure Projects (continued) 7 Eligible transportation infrastructure must be (a) physically located within or along the limits of the proposed development/redevelopment zone oc, (b) located within walking distance of the proposed project (1/2 mile or less depending on site conditions) or (c) directly related to either the roadway or rail access necessary to make the development viable 8 The sponsoring public agency must provide to NCTCOG a resolution of its governing body endorsing receipt of the award and confirming the private sector partner within 90 days of Regional Transportation Council action to select the project. RULES FOR NCTCOG'S SUSTAINABLE DEVELOPMENT CALL FOR PROJECTS Page 4 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION Approved on 7/11/2006 Resolution No 3384-07-2006 & Ordinance No 17041-07-2006 DATE Tuesday July 11 2006 LOG NAME 22SD EVANS&ROS REFERENCE NO G 15240(Revised) SUBJECT Adopt Resolution Authorizing an Interlocal Agreement with North Central Texas Council of Governments for the Evans and Rosedale Sustainable Development Project, Accept Funds from NCTCOG and Tax Increment Reinvestment Zone Number Four (Southside TIF) Adopt Appropriation Ordinance and Authorize Payment to NCTCOG RECOMMENDATION It is recommended that the City Council 1 Adopt the attached resolution to authorize entering into an interlocal agreement (ILA) with the North Central Texas Council of Governments (NCTCOG) for the Evans and Rosedale project (Project) 2. Authorize the City Manager to accept Sustainable Development Program funds in the amount of $65 000 from NCTCOG 3 Accept funds from the Tax Increment Reinvestment Zone Number Four (Southside TIF) in the amount of $16,250 towards the local cash match 4 Authorize a transfer from the Special Assessment District Southside TIF Fund in the amount of $16 250 to the Grants Fund 5 Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in the Grant Fund by $81,250 6 Authorize payment of $16 250 to be paid to NCTCOG in lieu of administrative fees, with the understanding that these funds will be reimbursed when expenditures have reached 80 percent of the Project. DISCUSSION On January 19 2006 (M&C G-15065) the City Council authorized the Planning Department to submit nominations for seven projects for funding through the Sustainable Development Program On April 13 the Regional Transportation Council approved funding in the amount of $65 000 for the Evans and Rosedale project. The grant will be used to fund a housing market assessment and .urban design standards. This grant amount requires a local cash match of $16 250 which brings the total Project amount to $81,250 The Southside TIF has committed to provide $16 250 for the local cash match requirement. In lieu of charging administrative fees NCTCOG requires that the local cash match be paid before they will issue a Notice to Proceed on the Project. NCTCOG will return these funds to the City when expenditures Logname 22SD EVANSROS Page 1 of 2 have reached 80 percent of the Project, and retain the interest earned to cover administrative costs Upon approval of this M&C staff will complete the following activities Submit the resolution to NCTCOG on or before Friday July 14 for consideration by the Surface Transportation Technical Committee the Regional Transportation Council and the Executive Board of NCTCOG Upon approval by the aforementioned bodies work with NCTCOG to execute an interlocal agreement. Submit payment of $16,250 to NCTCOG After receipt of a Notice to Proceed issue a request for qualifications from appropriate consulting firms This project is located in COUNCIL DISTRICT 8 FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon approval of the above recommendations receipt of the funding and adoption of the attached appropriation ordinance funds will be available in the current operating budget, as appropriated of the Grants Fund TO Fund/Account/Centers FROM Fund/Account/Centers GR76 451409 022203126000 $65,000.00 GS87 538070 002704097000 $16,250.00 GR76 472087 022203126000 $16 250.00 GR76 5 (VARIOUS) 022203126000 $81,250.00 GR76 159000 000203126000 $16,250.00 Submitted for City Manager's Office b~ Libby Watson (6183) Originating Department Head. Fernando Costa (8042) Additional Information Contact: Patrina Newton (8068) Logname 22SD EVANSROS Page 2 of 2