HomeMy WebLinkAboutResolution 4183-02-2013 A Resolution
NO. 4183-02-2013
AUTHORIZING THE EXECUTION OF A LOCAL PROJECT
ADVANCE FUNDING AGREEMENT WITH THE TEXAS
DEPARTMENT OF TRANSPORTATION IN THE AMOUNT OF
$4,204,471.00 FOR CONSTRUCTION OF A 4-LANE RIVERSIDE
DRIVE BRIDGE OVER FOSSIL CREEK
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 in 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
WHERREAS, the City of Fort Worth identified the need for a 4-lane bridge on Riverside Drive over
Fossil Creek; and
WHERREAS, on July 31, 2007, the City Council approved Resolution 3507-07-2007 authorized
submittal of selected projects for funding consideration under the toll payment Funding Initiative call-for-projects,
which included the 4-lane Riverside Drive Bridge over Fossil Creek; and
WHEREAS, the Regional Transportation Council of the North Central Texas Council of
Governments selected the 4-lane Riverside Drive Bridge over Fossil Creek for funding using
surplus revenue from a toll project; and
WHEREAS, the City of Fort Worth desires to enter into a Local Project Advance Funding
Agreement with the Texas Department of Transportation to construct the 4-lane Riverside Drive
Bridge over Fossil Creek.
ORT WORT
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 Transportation Project
Advance Funding Agreement (LPAFA) with the Texas Department of Transportation in the
amount of $4,204,471 .00 for construction of a 4-1ane Riverside Drive Bridge over Fossil Creek
Adopted this 19"' day of February, 2013.
ATTEST:
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Mary J. K r, City Secretary
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