HomeMy WebLinkAboutResolution 2474A Resolution
Adopted Resoiut~on too, ~`'l ~~
AUTHORIZING AN AGREEMENT BETWEEN THE CITY OF FORT WORTH,
THE NORTH TEXAS TOLLWAY AUTHORITY, AND THE TEXAS
DEPARTMENT OF TRANSPORTATION CONCERNING DEVELOPMENT OF THE
SOUTHWEST PARKWAY
WHEREAS, the timely extension of State Highway 121 south and west from
Interstate Highway 30 in Fort Worth to U S Highway 67 in Cleburne (the 'Southwest
Parkway") is a crucial element in the successful development of the City of Fort Worth
(the 'City") as well as benefiting the surrounding region and the State of Texas and
WHEREAS, the City acknowledges that the entire S H 121 (I-35 W to U S
Highway 67) project is unlikely to be completed due to cost and issues related to routing
through existing neighborhoods (some of which are historically significant) and physical
obstacles in the project section from I-35 W to approximately I-30 and
WHEREAS, the City desires to delete from further consideration this segment of
the project (I-35 W to approximately I-30) and
WHEREAS, the Southwest Parkway has been on the City's Thoroughfare Plan
since the 1960's, and
WHEREAS, the City commissioned an .intermediate level feasibility study to
consider whether various phases or segments of the Southwest Parkway could be
developed as a turnpike and
WHEREAS, the City other local governing bodies and private sector interests
presented their study to the Texas Transportation Commission (the 'Commission.') in
July 1995 and requested the participation of the Texas Department of Transportation
("TxDOT") in the development and funding of some portion of the Southwest Parkway
and by adopted minute order the Commission committed to support the development of
the Southwest Parkway and
WHEREAS, public funding of major transportation projects continues to face
significant obstacles and the Southwest Parkway is competing for funding with other
worthwhile transportation projects and
WHEREAS, the North Texas Tollway Authority (the Authority") is authorized to
build and operate 'turnpike projects" as that, term is defined in the Turnpike Act (Tex.
Transportation Code Chapter 366) throughout Collin Dallas Denton and Tarrant
Counties, and
CITY OF FORT WORTH
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WHEREAS, there exists the potential for expediting the completion of the
Southwest Parkway by financing a portion of that projects' design and construction
costs through the use of turnpike financing if the Authority can establish that the
Southwest Parkway is a feasible turnpike project; and
WHEREAS, TxDOT has determined that the Southwest Parkway is necessary to
alleviate congestion and ameliorate air quality and supports the development of the
Southwest Parkway as a turnpike project if the applicable legal requirements and other
conditions can be satisfied and
WHEREAS, the Fort Worth City Council and the Tarrant County Commissioner°s
Court have adopted resolutions requesting that the Authority take such actions and
conduct. such studies as may be necessary to determine the viability of jointly
developing and financing the Southwest Parkway with a combination of turnpike
revenue bonds City funds and federal and/or state transportation funds,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS
That the City Manager is authorized to execute an agreement between the City TxDOT
and the Authority which agreement shall ~"
(1) Acknowledge the approval and support of the City and TxDOT for the financing
design construction operation and maintenance by the Authority of the Southwest
Parkway as a turnpike project.
(2) Acknowledge the approval and acceptance of certain design assumptions in
connection with that portion of the Southwest Parkway extending from its interchange
with IntBrstate Highway 30 to the intersection with Alta Mesa Drive (the 'Initial Turnpike
Portion'), which design assumptions may be utilized by the Authority in further
evaluating the feasibility of the Southwest Parkway as a turnpike project.
(3) Provide for the allocation of estimated project costs for the Initial Turnpike
Portion
(4) Set forth the obligations of the City TxDOT and the Authority with regard to the
Initial Turnpike Portion
(5) Provide for the creation of a Technical Work Group composed of representatives
of the City TxDOT the Authority and the Federal Highway Administration and such
other members representing affected governmental or quasi-governmental bodies as
designated by the City TxDOT or the Authority (such other members being selected for
the purpose of providing technical assistance only and shall not have the authority to
bind the City TxDOT or the Authority)
CITY OF FORT WORTH
CITY OF FORT WORTH