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INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 8866
August 21, 2007
To the Mayor and Members of the City Council
Page 1 of 3
SUBJECT: Status of Lancaster Avenue Reconstruction Project
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In response to a recent City Council request, the Planning and Development Department has worked
with the Transportation and Public Works Department and the Economic and Community Development
Department to prepare this report on the status of the Lancaster Avenue reconstruction project. The
table below presents a summary of costs, funding sources and expenditures associated with six project
components: Lancaster Avenue construction, the Hemphill/Taylor/Lamar connector, surplus property
acquisition, Lancaster median redesign/public art, the T &P Terminal building and the T &P Warehouse.
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Federal TCSP /STP -MM - $10,286,961
TxDOT - 2,200,000
Lancaster Avenue
1998 CIP - 1,200,000
Construction
Surplus bond funds - 847,842
Street Improvement Fund - 542,149
Certificate of Obligation - 500.000
$15,800,000
Total - $15,576,952
$15,500,000
Hemph ill/Lamar/Taylor
$9,705,000
2004 CIP - $9,705,000
$950,000
Surplus Property
$5,400,000
$0
$0
Acquisition
2004 CIP - 1,000,000
Lancaster Median
$1,693,000
TIF - 275,000
$150,000
RedesigntPublic Art
EDI - $198,000
Total - $1,473,000
T&P Terminal Building
$26,000,000
$2,914,000 - TIF
$1,127,664
T&P Warehouse
$35'000'0W
$7,198,000 - TIF
$0
proposed
Surplus Property Acquisition
This initiative involves reacquiring surplus right -of -way along Lancaster Avenue from the State of
Texas for redevelopment purposes. The Engineering Department recently ordered appraisals of the
surplus property on the north side of Lancaster Avenue. The new appraisals show the State owns
approximately 161,700 square feet of surplus right -of -way at approximately $33.$0 per square foot.
A metes and bounds survey will be necessary if staff recommends approaching the State to acquire
specific parcels. Staff is exploring potential funding sources and working with the State to identify
other options for conveying the property to qualified developers for redevelopment in accordance with
prescribed guidelines.
Lancaster iMedian Redesi blic Art
On February 14, 2006, the City Council approved M &C C -21291 to execute a design contract with
Cliff Garten and Associates, Inc., for the Lancaster Avenue Median Lighting project, known as the
Avenue of Light. Council appropriated S 1 million for the fabrication and installation of the Avenue of
Light, a series of internally -lit, laser- cut, stainless steel sculptures in the median ofLancaster Avenue,
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS
No. 8866
August 21, 2007
To the Mayor and Members of the City Council
OX T "SUBJECT: Page 2 of 3
Status of Lancaster Avenue Reconstruction Project
'10"
between Lamar and Commerce Streets. The current proposal is for six sculptures approximately 35 feet
in height, which are designed as volumes to be filled with sunlight during the day and artificial light
provided by internal metal halide lamps during the evening and night. Staff has secured funds for the
design, fabrication and installation of five sculptures along Lancaster Avenue, and is seeking funds for
the sixth structure ($275,000) from the Fort Worth Local Development Corporation.
Lancaster Avenue Construction
The reconstruction of Lancaster Avenue into a pedestrian- oriented street serves as a catalyst to
redevelop the south end of Downtown and to connect Downtown more effectively with the Near
Southside and the Near East Side. Approximately $300,000 may still be needed to cover necessary
change orders or project overages. Staff has identified funding from pre -1986 bond funds and surplus
special assessment funds to cover these costs. Traffic is expected to shift to the new travel lanes by the
end of August 2007. Construction is scheduled to be complete by early 2008.
Hemuhill/Lamar/Taylor Connector
The 2004 bond program allocated $9.7 million for the design and construction of this project as a four
lane divided roadway under I -30 and the Union Pacific railroad tracks. This connection will improve
access between Downtown and the Near Southside. When constructed, it will serve as an alternative
route for people traveling on Jennings Avenue and Henderson Street. The City contracted with the
LopezGarcia Group for preliminary schematic design associated with the connector. On April 10, 2007,
the City Council approved M &C C -22050 to execute an engineering services contract with
TranSystems, Inc. for the connection from Vickery Boulevard to Lancaster Avenue.
Texas and Pacific Lofts
The Texas and Pacific Lofts project included the restoration and adaptive reuse of the historic 1931
T &P Terminal building. The redevelopment included converting the T &P Terminal building into
condominiums, the construction of the adjacent mid -rise building for additional condominiums (total of
228), and the construction of a 118,000 square foot two -level parking garage. The project represents a
$26 million investment by the developer with a $29 million incentive from the Lancaster Tax
Increment Finance District.
Texas and Pacific Warehouse
The redevelopment of the Texas and Pacific Warehouse includes a proposed developer investment of at
least $35 million to restore and provide for the adaptive reuse of the T &P Warehouse into at least 260
rental busing units. The TIF Board has approved a development agreement with Cleopatra
Investments with incentives from the Lancaster TIF of $7.2 million. This project has a requirement for
the developer to apply 20 percent of the budget toward hiring Fort Worth construction companies and
an M/WBE requirement of 15 percent, which can count toward the percentage of Fort Worth
construction Lion co meanies.
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS