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HomeMy WebLinkAboutResolution 2735A Resolution No :2.'75 A RESOLUTION APPROVING A LOCAL TRANSPORTATION PROJECT ADVANCE FUNDING AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION FOR A CONGRESSIONAL HIGH PRIORITY PROJECT FOR A NEW INTERCHANGE AT IH -35W AND NORTH TARRANT PARKWAY WHEREAS, the Transportation Equity Act for the 21 sc Century (TEA 21) established a Congressional High Priority Program to increase safety, access, and transportation mobility on the Interstate Highway System, and WHEREAS, the Texas Transportation Commission approved a new interchange at IH 35W and North Tarrant Parkway under the Texas Department of Transportation (TxDOT) Discretionary Program, and WHEREAS, the total estimated cost for the project is $6,654,761 The Federal and State participation is estimated to be $5,722,843 of the actual cost of the project and the City participation is estimated to be $931918 of the actual cost of the project, and WHEREAS, the scope of work for the new interchange at IH 35W and North Tarrant Parkway consists of the following • TxDOT will fund 100% of the construction of the North Tarrant Parkway bridge over IH 35W including approaches • The City will find 100% of the construction of the ramps and frontage roads above the fixed amount of federal funding, which is $5 385,453 less all applicable preliminary engineering charges for the development of the plans, specifications, and estimates package CITY OF FORT WORTH • The City will provide the plans, specifications, and estimates package for construction of the interchange including the bridge, ramps, and frontage roads • The City will be reimbursed eighty percent (80 %) for the development of the plans, specifications, and estimates package NOW THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, that the City Council authorizes the City Manager to execute a Local Transportation Project Advance Funding Agreement with the Texas Department of Transportation for a Congressional High Priority Project for a new interchange at IH 35W and North Tarrant Parkway ADOPTED this Jr' day of `j UVW , 2001 k� Mayor Kenneth Barr �r =e w Al �R r it} Secretdry -I APPROVED AS TO FORM AND LEGALITY Assistant City Attorney CITY OF FORT WORTH APPROVED CITY COUNCIL JUN 5 2001 �6" y-"J ally S•cnar�r o� tha CUT of Fort worth, 76:u ur