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HomeMy WebLinkAbout(0069) DOC-101009-2-20200714-INT BondsRanch at FM 156 Resolution.PDFA Resolution m A RESOLUTION AUTHORIZING THE EXECUTION OF A LOCAL ON -SYSTEM IMPROVEMENT AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION IN THE AMOUNT OF $1,363,524.00, OF WHICH CITY PARTICIPATION IS $1,245,000.00, FOR INTERIM IMPROVEMENTS TO THE INTERSECTION OF BONDS RANCH ROAD AT FARM -TO -MARKET ROAD 156 WHEREAS, the City of Fort Worth ("City") desires to improve a portion of the State of Texas highway system, Bonds Ranch Road at Farm -To -Market Road 156 ("FM 156"), which is maintained and operated by the Texas Department of Transportation ("TXDOT"); and WHEREAS, the Bonds Ranch Road at FM 156 Intersection Improvement Project, will alleviate traffic congestion and enhance safety to the highway system by installing left -turn lanes, improving turning radii, mill & overlay, and replacing traffic signals at the intersection; and WHEREAS, TXDOT supports the City's efforts to improve traffic congestion and enhance safety at this location; and WHEREAS, the TXDOT waives the direct and indirect costs in the amount of $118,524.00; and WHEREAS, the City desires to enter into a Local On -System Improvement Agreement with the Texas Department of Transportation for interim intersection improvements to Bonds Ranch Road at Farm - To -Market Road in the amount of $1,363,524.00 with City participation in the amount of $1,245,000.00; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: The City Manager is hereby authorized to execute a Local On -System Improvement Agreement with the Texas Department of Transportation in the estimated amount of $1,363,524.00, with City participation in the expected amount of $1,245,000.00 for interim intersection improvements to Bonds Ranch Road at Farm -To -Market Road 156. Adopted this __day of ATTEST: 2020. ORT WORrII kir Mary Kayser, City Secretary ORT WORrII kir