HomeMy WebLinkAboutResolution 2956~~
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A Resolution
NO ~~~~~
A RESOLUTION .AFFIRMING THAT THE PRIVATE DEVELOPER
COMMITMENTS REQUIRED BY THE LAND USE/TRANSPORTATION JOINT
VENTURE PROGRAM HAVE BEEN MET FOR THE HISTORIC HANDLEY
PROJECT, REQUESTING THAT THE NORTH CENTRAL TEXAS COUNCIL
OF GOVERNMENTS FORWARD THE PROJECT INFORMATION TO THE
TEXAS DEPARTMENT OF TRANSPORTATION FOR PLACEMENT IN THE
STATEWIDE TRANSPORTATION IMPROVEMENT PROGRAM, AND
AUTHORIZING THE CITY MANAGER TO EXECUTE AGREEMENTS WITH
THE TEXAS DEPARTMENT OF TRANSPORTATION AND WITH YOUGHAL
CORPORATION
WHEREAS on October 11 2001 the Regional Transportation Council selected
the Historic Handley Project for funding in the amount of $268 560 through the
Land Use/Transportation Joint Venture Program ("Program') for the
redevelopment of property in the vicinity south of East Lancaster Avenue and
north of the Union Pacific Railroad line between Handley Drive and Forest
Avenue (the `Historic Handley Project") and
WHEREAS Youghal Corporation and its lawful assigns (`Developer") will serve
as the developer of the Historic Handley Project and
WHEREAS pursuant to an agreement with the City the Developer will utilize the
grant funds for the following work on the Historic Handley Project
• Demolition of substandard curb and sidewalks adjacent to the Historic
Handley Project
• Construction of new Americans with Disabilities Act compliant sidewalks
and pedestrian crosswalks
• Installation of new pedestrian lighting, benches and trash receptacles
• Landscaping, including street trees and installation of drainage and
irrigation systems
• With the concurrence of the City any other such work or construction
meeting the requirements of the Program and
WHEREAS the Developer has agreed to provide a twenty percent (20%) local
match in the amount of $67 140 through cash/in kind contribution in the Historic
Handley Project area, as required by the terms of the Program and pay for any
additional costs related to the Project in excess of the total amount of the grant
funds and
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WHEREAS the Developer has agreed to comply with all federal state and local
provisions regulations and procedures in accordance with the Program and
WHEREAS property within the Project area has been rezoned to MU 1 Low
Intensity Mixed Use so as to allow mixed use development and to implement a
redevelopment plan that meets the land use commitments of the Project, all of
which are required in order for the City to be eligible to receive the grant
(coll'ectively the Grant Prerequisites') and
WHEREAS the City must submit this resolution to North Central Texas Council
of Governments ("NCTCOG') in order for the Project to be placed in the
Statewide Transportation Improvement Program which is required for the City to
obtain the grant funds
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS, THAT
1 The City accepts a pledge by the Developer to provide a cash/in kind
contribution as the twenty percent (20%) local match requirement under the
Program and
2 The City certifies that the additional Grant Prerequisites have been met by
the Developer and
3 NCTCOG is hereby requested to take the necessary action to place the
Historic Handley Project in the Statewide Transportation Improvement
Program and
4 The City Manager is hereby authorized to execute a Local Project Advance
Funding Agreement with the Texas Department of Transportation governing
the manner in which grant funds may be used to complete the Project and
5 The City Manager is hereby authorized to execute an agreement with the
Developer governing the manner in which .grant funds may be used to
complete the Project
C
ADOPTED th'S~ day of 2003
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