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HomeMy WebLinkAbout(0139) 0902-00-235_CentrePort_Trail_Phase_II_AFA_Resolution (1)r.PDFA Resolution Mel A RESOLUTION AUTHORIZING THE EXECUTION OF AN ADVANCE FUNDING AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION (TxDOT) IN THE AMOUNT OF $5,700,577.00 FOR THE ENGINEERING AND CONSTRUCTION OF THE CENTREPORT TRAIL PROJECT PHASE II WHEREAS, the Congestion Mitigation and Air Quality Improvement (CMAQ) Program, administered by the Texas Department of Transportation (TxDOT), provides funding for surface transportation projects and other related efforts that contribute air quality improvements and provide congestion relief; and WHEREAS, the City of Fort Worth (the "City") applied for, and was awarded funding in the amount of $5,700,577.00 for the CentrePort Trail Project Phase II (the "Project") through the CMAQ Program; and WHEREAS, the CentrePort Trail Project is a regional effort to connect trail segments between the City of Fort Worth, the City of Arlington and the City of Grand Prairie; and WHEREAS, the City of Fort Worth desires to enter into an Advance Funding Agreement with TxDOT for the responsibilities associated with the design and construction of the Project at no cost to the City; 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 TxDOT in the amount of $5,700,577.00 with City Participation in the amount of $1,082,422.00 which will be contributed through available Transportation Development Credits to provide the City's share of the responsibilities associated with the design and construction of the CentrePort Trail Project Phase II. Adopted this __day of ATTEST Mary J. Kayser City Secretary 2020. ORT WORrII kir