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HomeMy WebLinkAboutResolution 4138-09-2012A Resolution NO. 4138 -09 -2012 A RESOLUTION AUTHORIZING THE EXECUTION OF A LOCAL PROJECT ADVANCE FUNDING AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION IN THE AMOUNT OF $5,000,000.00 FOR DESIGN AND CONSTRUCTION OF ON- STREET PARKING, LANDSCAPING, BICYCLE AND PEDESTRIAN IMPROVEMENTS ON EAST ROSEDALE STREET FROM IH -35W TO U.S.287 WHEREAS, the State has received money from the North Texas Tollway Authority for the right to develop, finance, design, construct, operate, and maintain the SH 161 toll project from IH 20 to SH 183 Dallas County ( "SH 161 payments "); and WHEREAS, pursuant to Transportation Code, 228.006 the State shall authorize the use of surplus revenue of a toll project for a transportation project, highway project, or air quality project within the district of the Texas Department of Transportation in which any part of the toll project is located; pursuant to Transportation Code, §228.012 the State has created a separate subaccount in the state highway fund to hold such money (SH 161 Subaccount), and the State shall hold such money in trust for the benefit of the region in which a project is located, and may assign the responsibility for allocating money in the subaccount to a metropolitan planning organization (MPO); and WHEREAS, in Minute Order 110727, dated October 26, 2006, the Texas Transportation Commission (the "Commission ") approved a memorandum of understanding (MOU) with the Regional Transportation Council (RTC), which is the transportation policy body of the North Central Texas Council of Governments (NCTCOG) and a federally designated MPO, concerning in part the administration, sharing, and use of surplus toll revenue in the region; under the MOU the RTC shall select projects to be financed using surplus revenue from a toll project, subject to Commission concurrence; and WHEREAS, the City of Fort Worth identified the need to retrofit East Rosedale Street from lH -35W to U.S. 287 by eliminating the two outside lanes in order to provide on- street parking, landscaping, bicycle and pedestrian improvements under a context sensitive approach to enhance the corridor; and WHEREAS, the Regional Transportation Council of the North Central Texas Council of Governments selected the East Rosedale Street Retrofit project from IH -35W to U.S. 287 to be financed to provide on- street parking, landscaping, bicycle and pedestrian improvements; and WHEREAS, the City of Fort Worth desires to enter into a Local Project Advance Funding Agreement with the Texas Department of Transportation to design and construct the East Rosedale Street Retrofit project from IH -35W to U.S. 287 to provide on- street parking, landscaping, bicycle and pedestrian improvements. oxrwow Resolution No. 4138-09-2012 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: That the City Manager is authorized to execute a Local Transportation Project Advance Funding Agreement (LPAFA) with the Texas Department of Transportation in the amount of $5,000,000.00 for the City of Fort Worth to design and construct the East Rosedale Street Retrofit project from EH -35W to U.S. 287 to provide on-street parking, landscaping, bicycle and pedestrian improvements. Adopted this 25" day of September, 2012. ATTEST: By: Mary Kayser, �' ec4tary A�11 000000 & CY 00 0 0 " 0 jay o — "000 0 JU 0) 0 (0) z4y ffuzam -V MAYOR AND COUNCIL COMMUNICATION MAP 20 EAST ROSEDALE STREET FROM US 287 TO WEST OF MILLER AVE mm QQ 4, EAST ROSEDALE STREET (US 267 TO WEST OF MILLER AVE) 500 1 Thisrprdautl slo info rtnaudnal puryosesantl mayndlhave been preparetl lororbe4s �..y-for CITY I�ROJ E41M 00142 legal, engh earn g, or sure ying purposes. II noes not iepresan t an ondha 'gro antl sunny enu rep,asenM onlythe appro %Imate re (Pe Ideato nofproperty boundaries �y p.y�,y 6y �S The City of FOrtWonhassamesnoreaponsibilty forlhe accuraCy of said tlata. DO E#6316 J 9 City of Fort Worth,, Texas Mayor and Council Communication DATE: Tuesday, September 25,2O12 REFERENCE NO.: C-25882 LOG NAME: 20EASTROSEQALESTREETGCAPEIMPROVEMENTS SUBJECT: Adopt Resolution Authorizing the Execution of a Funding Agreement with the Texas Department of Transportation in the Amount of $5,000,000.00 for Design and Construction of East Rosedale Streetscape Improvements from Interstate 35VV to U.S. 287 and Adopt Appropriation Ordinance (COUNCIL DISTRICT RECOMMENDATION: Itis recommended that the City Council: 1. Adopt the attached resolution authorizing the execution nf a funding Agreement with the Texas Department of Transportation in the amount of $5,000,000.00 for design and construction of East Rosedale atreetsoape inlpnJwennenta from Interstate 35VVtD U.G. 287; 2. Authorize acceptance of Regional Toll Revenue Funds in the amount of $4,000,000.00 via the Texas Department mf Transportation tnbe applied towards the project; 3. Authorize the transfer in the amount cf $1.0O0.00O.00 from the 2O87 Critical Capital Projects Fundto the Grant Capital Projects Fund to be applied towards the City's match; and 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations inthe Grant Capital Projects Fund in the amount of $5,000,000.00. Execution of this funding Agreement in the amount of $5,000,000.00 allows for State funding participation in design ond construction. Funding includes $4,000,000.00 in Regional Toll Revenue funds and $1'000'0OO.ODin City 0[ Fort Worth 2U07 Certificate nf Obligation funds. East Rosedale Street from |H- 35VVto U.S. 287 is currently six lane divided arterial. The project will eUnninate the two outside lanes in order to provide on-street parking, landscaping, bicycle and pedestrian improvements under acontext sensitive approach to enhance the corridor, East Rosedale Street from |H-35W to U.S. 287 is a four lane divided arterial on the City's Master Thoroughfare Plan. The State will send the City of Fort Worth a check inthe amount of $800.00.00VO later than 30days after the start of fiscal year 2013 and a second check in the amount of $3,200,000.00 no later than 30 days after the start of fiscal year 2014 for a total amount of $4,000,000.00. The Transportation and Public Works Department will be responsible for the collection of State funds. This project is |ooahed in COUNCIL DISTRICT 8, W1apscn 77K, 77L and 77K4. Logname: STREETSCAPE (K4P Puuelnf2 FISCAL INFORMATION / CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the current capital budget, aS appropriated, in the Grant Capital Projects Fund. FUND CENTERS: TO Fund/Account/Centers 2) GR74 451942 XXXXXXX 4) GR74 541200 XXXXXXX 3) GR74 472295 XXXXXXX FROM Fund/Account/Centers $4J000,00.00 3) C295 538070 208230189483 $5,000,000.00 Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: Fernando Costa (6122) Douglas VKWier8g (7801) Jim Walker (8008) David Jodray (]702) $1,000,000.00 Lno ame:2OBA8TRO3ED}\L9 STREETSCAPE LMP Page 2of2