HomeMy WebLinkAbout(0051) Resolution_r2.PDFA Resolution
NO.
A RESOLUTION AUTHORIZING THE EXECUTION OF AN ADVANCE FUNDING
AGREEMENT FOR VOLUNATRY LOCAL GOVERNMENT CONTRIBUTIONS
WITH THE TEXAS DEPARTMENT OF TRANSPORTATION IN THE
APPROXIMATE AMOUNT OF $8,068,892.00, OF WHICH CITY PARTICIPATION
IS $1,653,702.00, FOR RECONSTRUCTION OF HARMON ROAD BRIDGE AND
CONSTRUCTION OF NORTH TARRANT PARKWAY BRIDGE OVER US 287 TO
INCLUDE FRONTAGE ROADS AND RAMPS FOR US 287 INTERCHANGE
WHEREAS, the City of Fort Worth identified the need to construct North Tarrant Parkway from
IH 35W to US 287 with bicycle and pedestrian improvements; and
WHEREAS, on January 13, 2004, the City authorized a Local Project Advance Funding
Agreement ("LPAFA") with the Texas Department of Transportation ("TXDOT") (CSJ: 0902-48-579;
City Secretary Contract No. 29608, M&C C-19929) in the amount of $15,000.00 for review of
schematic design plans for North Tarrant Parkway from IH 35W to US 287 and accepted $15,000 in
developer funds; and
WHEREAS, on July 10, 2007 (M&C C-22223), the City accepted developer funds in the
amount of $20,000.00 for TXDOT's review of plans, specifications, and estimates for the North Tarrant
Parkway/US 287 Interchange, increasing the amount of the LPAFA to $35,000; and
WHEREAS, on March 25, 2008, the City authorized Amendment No. 1 to the LPAFA (City
Secretary Contract No. 29608-A1, M&C C-22723) to add US 81/287 to FM 3479/Harmon Rd/North
Tarrant Parkway to the project's scope increasing the amount for TXDOT's review of schematic design
plans by $20,000.00, increasing the City's participation to $55,000, and accepting an additional $20,000
of developer funds; and
WHEREAS, the City and TXDOT have negotiated terms of an Advance Funding
Agreement for Voluntary Local Government Contributions for construction of the North
Tarrant Parkway bridge with turnaround lane, reconstruction of Harmon Road bridge and
existing frontage roads and ramps with US 287 in the approximate amount of
$8,068,892.00, of which City participation is projected to be $1,653,702.00.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS, THAT:
The City Manager is hereby authorized to execute the Advance Funding Agreement
for Voluntary Local Government Contributions with the Texas Department of
Transportation (CSJ: 0902-48-579) in the approximate amount of $8,068,892.00, of which
City participation is projected to be $1,653,702.00, for the reconstruction of Harmon Road
bridge over US 287 and construction of North Tarrant Parkway bridge over US 287 to
include frontage roads and ramps for US 287 Interchange.
Adopted this ______day of
ATTEST:
In
Mary Kayser, City Secretary
2020.