HomeMy WebLinkAboutResolution 2915
A Resolution
NO o~~1, S
AFFIRMING THAT THE PRIVATE DEVELOPER COMMITMENTS
REQUIRED BY THE TRANSPORTATION LAND USE JOINT VENTURE
GRANT PROGRAM HAVE BEEN MET FOR THE SOUTH OF SEVENTH
DEVELOPMENT PROJECT, REQUESTING THAT THE NORTH CENTRAL
TEXAS COUNCIL OF GOVERNMENTS PLACE THE SOUTH OF SEVENTH
PROJECT IN THE STATEWIDE TRANSPORTATION IMPROVEMENT PLAN,
AND AUTHORIZING THE CITY MANAGER TO EXECUTE A GRANT
AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION
RELATED TO THE SOUTH OF SEVENTH DEVELOPMENT PROJECT
WHEREAS, on October 11 2001 the North Central Texas Council of Governments ("NCTCOG")
nominated the City of Fort Worth ("City") to receive a grant m the amount of $3,221 639 through the
Texas Department of Transportations ("TxDOT") Transportation-Land Use Joint Venture Grant
Program (the `Grant") for the redevelopment of property in the vicinity south of West 7th Street
between Foch Street and Trinity River Park (the `South of Seventh Pro}ect" or `Project') and
WHEREAS, Sol#1 L.P and its lawful assigns ("Developer") will serve as the developer of the South
of Seventh Project; and
WHEREAS, pursuant to an agreement with the City the Developer will utilize the Grant funds for the
following work on the South of Seventh Project:
• Landscaping and installation of drainage and irngation systems along Museum Way and River Birch
Drive from West Seventh Street to the Foch Street connection,
• Landscaping and pedestrian improvements at other strategic locations within the Project site,
• Construction of the continuation of River Birch Drive between the Lancaster Badge overpass to the
Foch Street connection,
• Construction of concrete sidewalk and curbs wrthm the Project site
• A pedestrian budge traversing the Trinity River and appropriate connections to the Trinity River
Park trail system and Downtown pedestrian walkways,
• With the concurrence of the City any other such work or construction meeting the goals and
objectives of the Grant and are eligible expenses under the Grant; and
WHEREAS the Developer will provide a twenty percent (20%) local match in the amount of $805 410
through cash and/or the dedication of land m the South of Seventh Project area, as required by the terms
of the Grant, and pay for any additional costs related to the Project above the total amount of the Grant
funds, and
.~ .~ - .
WHEREAS, the Developer has agreed to comply with all federal, State and local provisions,
regulations and procedures in accordance with the Grant; and
WHEREAS, property within the Project area has been rezoned to allow mixed-use development and to
implement a redevelopment plan that meets the land use commitments at the Project site, all of which
are required in order for the City to be eligible to receive the Grant (collecrively the `Grant
Prerequisites") and
WHEREAS m order for the Project to be placed m the Statewide Transportation Improvement Plan
(the `STIP"), which is required m order for the Crty to obtain the Grant funds from TxDOT NCTCOG
requires that the City Council adopt a Resolution stating that the Developer's land dedication satisfies
the twenty percent (20%) local match required by the Grant; that the other Grant Prerequisites have been
met; and that the Crty Manager is authorized to execute a Grant Agreement with TxDOT governing the
manner m which Grant funds maybe used to complete the Project.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH THAT
The twenty percent (20%) local match requirement under the Grant will be met through the
dedication of certain land m the South of Seventh Project area by the Developer Sol#1 L.P
2. The additional Grant Prerequisites have been met by the Developer
3 NCTCOG is hereby requested to place the South of Seventh Project m the May 2003 revisions to
the STIP
4 The City Manager is hereby authorized to execute a Grant Agreement with TxDOT governing
the manner in which Grant funds maybe used to complete the Project.
AND IT IS SO RESOLVED
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Adopted this 7__ day of _~-P~-a.K-_ 2003
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Gloria earson
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