Loading...
HomeMy WebLinkAbout(0189) DOC-100873-20200817-ART MeanderingAFAResolution.PDFA Resolution NO. A RESOLUTION AUTHORIZING EXECUTION OF AN ADVANCED FUNDING AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION IN THE AMOUNT OF $22,539,828.00, OF WHICH LOCAL PARTICIPATION IS $3,472,963.00 USING TRANSPORTATION DEVELOPMENT CREDITS, FOR THE MEANDERING ROAD - LTJG BARNETT PROJECT (MEANDERING ROAD FROM ROBERTS CUT-OFF TO ANAHUAC AVENUE AND FROM MEANDERING ROAD TO NASJRB EAST GATE) WHEREAS, federal law establishes federally funded programs for transportation improvements to implement its public purpose; and WHEREAS, the Texas Transportation Code, Section 201.103 establishes that the State shall design, construct and operate a system of highways and roads in cooperation with local governments, and Section 222.052 authorizes the Texas Department of Transportation Commission to accept contributions from political subdivisions for development and construction of public roads within political subdivisions; and WHEREAS, in May 2020, the North Central Texas Council of Governments (NCTCOG) approved changes to the Transportation Improvement Program (TIP) Project Modification Number 2019-0709 [City Project Number 100873 — Meandering Road Project (Meandering Road from Roberts Cut -Off in River Oaks to Anahuac Avenue in Fort Worth and LTJG Barnett from Meandering Road in River Oaks to NASJRB East Gate in Fort Worth)]; and WHEREAS, a Master Agreement between the City of Fort Worth ("Local Government") and the State of Texas acting through the Texas Department of Transportation ("State") has been approved which states the general terms and conditions for Advance Funding Agreements (AFA) for transportation projects and other projects; and WHEREAS, the City of Fort Worth desires to enter into an Advance Funding Agreement with the Texas Department of Transportation in the amount of $22,539,828.00, of which $18,284,010.00 is Federal participation, $782,855.00 is State participation and $3,472,963.00 using Transportation Development Credits, is the required Local participation for the Meandering Road Project. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, THAT: The City Manager is authorized to execute an Advance Funding Agreement with the Texas Department of Transportation in the total estimated amount of $22,539,828.00 with ORT WORrII kir Local participation in the estimated amount of $3,472,963.00 using Transportation Development Credits for the purpose of constructing the Meandering Road Project (Meandering Road from Roberts Cut Off to Anahuac Avenue and LTJG Barnett from Meandering Road to NASJRB East Gate). Adopted this ______day of ATTEST Mary J. Kayser City Secretary 2020. ORT WORrIF kir