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HomeMy WebLinkAbout2020/11/10-Attachments-M&C 20-0829City of Fort Worth, Mayor and Texas Council Communication DATE: 11/10/20 M&C FILE NUMBER: M&C 20-0829 LOG NAME: 2020HORNE ST STREET IMPROVEMENT AFA SUBJECT (CD 3) Accept $7,301,415.00 in Federal Funds Contributing to the Horne Street Improvement Project through the Texas Department of Transportation; Adopt a Resolution Authorizing the Execution of Local Project Advance Funding Agreement with the Texas Department of Transportation in the Total Amount of $8,146,318.00, of which City Participation is $1,460,283.00 Provided by Transportation Development Credits, for the Horne Street Improvements Project and Adopt Appropriation Ordinance RECOMMENDATION: It is recommended that the City Council 1. Accept $7,301,415.00 in federal funds contributing to the Horne Street Improvement project through the Texas Department of Transportation; 2. Adopt the attached resolution authorizing execution of an Advance Funding Agreement with the Texas Department of Transportation (TxDOT) for Horne Street Streetscape project in the amount of $8,146,318.00 with Federal participation in the amount of $7,816,294.00, State participation in the amount of $330,024.00 and City participation in the amount of $1,460,283.00 through available Transportation Development Credits -(City Project No. 102764); and 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Grants Capital Projects Federal Fund, subject to receipt of the grant, in an amount up to $7,301,415.00 for the Horne Street Streetscape project (City Project No. 102764). DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to adopt a resolution authorizing execution of an Advance Funding Agreement (AFA) with the Texas Department of Transportation (TxDOT). The AFA details the responsibilities of both the City of Fort Worth (City) and TxDOT in the execution and implementation of the project. This project uses Transportation Development Credits for the City participation costs. The project scope includes widening the roadway from two to three lanes with bicycle lanes, pedestrian/sidewalk, landscape, and traffic signal improvements along Horne Street from Camp Bowie Boulevard to West Vickery Boulevard. This AFA approves funding for design, construction, local government project management and state direct costs for the project. The anticipated bid date of the project is August 2022. The City will be responsible for 100% of project overruns. The initial payment to TxDOT for the City participation is $0.00. TxDOT will be reimbursing the City $7,301,415.00 for engineering, construction and state direct costs for the project. Advance funding considered in the M&C for the Horne Street project (City Project No. 102764) Fund Federal State Local Grants Capital Project Federal - $7,301,415.00 $0.00 $0.00 31001 Unappropriated Indirect State $0.00 $330,024.00 $0.00 Cost Unappropriated State Direct $514,879.00 $0.00 $0.00 Cost Unappropriated $0.00 $0.00 $1,460,283.00 Transportation Development Credits (TDCs) Total Project Cost with all funding sources both appropriated and unappropriated: $9,606,601.00. This project is located in COUNCIL DISTRICT 3. A Form 1295 is not required because: This contract will be with a governmental entity, state agency or public institution of higher education: TxDOT FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations, adoption of the attached appropriation ordinance and award of the grant, funds will be available in the current capital budget, as appropriated, in the Grants Cap Projects Federal Fund for the Horne Street Improvements project. The Transportation & Public Works Department (and Financial Management Services) will be responsible for the collection and deposit of funds due to the City. Prior to expenditure being incurred, the Transportation & Public Works Department has the responsibility to validate the availability of funds. This is a reimbursement grant. Submitted for City Manager's Office bT. Dana Burghdoff 8018 Originating Business Unit Head: William Johnson 7801 Additional Information Contact: Lissette Acevedo 2722