HomeMy WebLinkAboutResolution 3001
A Resolution
NO ~~ d
REQUESTING THAT THE REGIONAL TRANSPORTATION COUNCIL SUPPORT THE
ALLOCATION OF $29.5 MILLION OF PARTNERSHIP PROGRAM FUNDING FOR THE
SOUTHWEST PARKWAY (SH 121T).
WHEREAS, on November 28 2000 the City of Fort Worth (City) entered into an
agreement with NTTA and TxDOT (2000 Tri Party Agreement) concerning the funding for
the Project as well as the rights and obligations of the City NTTA and TxDOT (Project
Partners) for the design construction and operation of the Prod ect and
WHEREAS the City Council in Resolution No 2923 adopted a Recommended
Locally Preferred Alternative (LPA) as the City s Preferred Design recommendation for
the preparation of the Final Environmental Impact Statement (FEIS) under the federally
mandated environmental clearance process pursuant to the National Environmental Policy
Act (NEPA) and,
WHEREAS the City the Tarrant Regional Water District (TRWD) and Streams &
Valleys Inc have partnered to conserve and enhance the Trinity River Corridors as a
focal point for Fort Worth Neighborhoods and as a means to link virtually every part of
the City via the Trinity Trails System and the City intends to provide an appropriate level
of funding to implement the Trinity River Vision Master Plan program elements as they
relate to the crossing of the Trinity River by SH 121T based on that which is necessary to
complement the investment of NTTA and TxDOT for those program elements by
Resolution No 2923 and,
WHEREAS the City has developed a Plan of Finance to fund its share of the SH
121T project utilizing General Obligation bonds Water and Sewer bonds Tax Increment
Financing District and grants from the North Central Texas Council of Governments and,
WHEREAS the City has worked with the North Central Texas Council of
Governments to identify $29 5 million of Partnership Program funding to be used for
• $14 5 million for SH 121 T Right of Way•
• $5 0 million for Enhancements to the Trinity River Crossings
• $5 0 million for the Hulen Bridge reconstruction
• $5 0 million for drainage and enhancements and
WHEREAS the proposed Partnership Program funding is an integral and critical
component of the City s SH 121T Plan of Finance
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS
That it requests the Regional Transportation Council to authorize the use of $29 5
million of Partnership Program funds by the City of Fort Worth for the SH 121 T -
Southwest Parkway project
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Adopted this _______ day of
ATTEST
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APPROVED
GITY CGUNG~.
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lor-3arPearso ~'~C~ty Secretary