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HomeMy WebLinkAboutResolution 2957~. ~., A Resolution NO ~~~ 0 A RESOLUTION AFFIRMING THAT THE PRIVATE DEVELOPER COMMITMENTS REQUIRED BY THE LAND USE/TRANSPORTATION JOINT VENTURE PROGRAM HAVE BEEN MET FOR THE RIDGLEA VILLAGE 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 HISTORIC CAMP BOWIE, INC WHEREAS on October 11 2001 the Regional Transportation Council selected the Ridglea Village Project for funding in the amount of $380 349 through the Land Use/Transportation Joint Venture Program ("Program ') for the redevelopment of property south of Camp Bowie Boulevard and north of Sunset Drive between Bryant Irvin Road and Westridge Avenue ("Ridglea Village Prod ect ') and WHEREAS Historic Camp Bowie Inc and its lawful assigns ("Developer") will serve as the developer of the Ridglea Village Project and WHEREAS pursuant to an agreement with the City the Developer will utilize the grant funds for the following work on the Ridglea Village Project • Demolition of substandard curb and sidewalks adjacent to the Ridglea Village Project • Enhancement of the bus stop area on Camp Bowie Boulevard, including new brick pavers replacement of the existing bus shelter and pavement markings • Construction of crosswalks with brick paver accents at the mtersechons of Camp Bowie Boulevard and Bryant Irvin Road and Camp Bowie Boulevard and Westridge Avenue • Construction of three crosswalks with brick paver accents along Sunset Drive at the intersections of Westridge Avenue Bryant Irvin Road, and the Alta at Ridglea apartment complex • With the concurrence of the City any other such work or construction meeting the requirements of the Program and s ~~ WHEREAS the Developer has agreed to provide a twenty percent (20%) local match m the amount of $95 087 through cash/in kind contribution in the Ridglea Village 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 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 and MU 2 High 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 (collectively the Grant Prerequisites) and WHEREAS the City must submit this resolution to North Central 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 Ridglea Village Project in the Statewide Transportation Improvement Program and 4 The City Manager is hereby authorized to execute a Local Prod ect 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 ADOPTED this ~~~ day of , 2003 ~~ ~ !- AP OVED TO FORM AND LEGALITY Assist ty Attorney ApP~~~ED G~TY CQ~1NC~. JUN 17 2003 City c~:.rc~t~t-q o~ '~+~ Cttq aE F't~xt gt~axth~, "ll'a~~e ~~ -._-_P .. l~r ate. City s~cratai-q a~ ;5,~, City a? ~°'r' t~arttt. was ~~ ~ ~~`