HomeMy WebLinkAboutResolution 4193-04-2013 A Resolution
NO. 4193-04-2013
CONSIDERING DEVELOPMENT OF A PUBLIC-PRIVATE PARTNERSHIP
FOR IMPLEMENTATION OF THE TEX RAIL PROJECT
WHEREAS, on December 18, 2012 the City Council adopted Resolution No. 4158-12-2012
authorizing the execution of agreements with the North Central Texas Council of Governments
("NCTCOG") requesting NCTCOG to pursue public-private development proposals for the Cotton Belt
Passenger Rail Project as a Responsible Governmental Entity under Chapters 2267 and 2268 of the
Texas Government Code; and
WHEREAS, pursuant to the City Council's authorization under Resolution No. 4158-12-2012
the City and NCTCOG agreed to execute an Interlocal Cooperation Agreement relating to NCTCOG's
service as a Responsible Governmental Entity for purposes of pursuing public-private development
proposals for the Cotton Belt Passenger Rail Project; and
WHEREAS, the City Council strongly supports the development of commuter rail both within
the City and the region as well as between the City and Dallas-Fort Worth International Airport, all of
which is of significant importance to the long-term future growth of the City and the long-term future
benefit of its citizens; and
WHEREAS, the TEX Rail Project generally consists of that portion of the Cotton Belt
Passenger Rail Project from southwest Fort Worth to the north end of Dallas-Fort Worth International
Airport; and
WHEREAS, the City Council wishes to consider innovative ways to undertake and complete the
TEX Rail Project in a cost-effective and timely manner;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS:
OItT WORT
Resolution No. 4193-04-2013
Section 1. THAT the City Council hereby declares its interest in considering a public-
private partnership that may be created pursuant to proposals received by NCTCOG in the mariner
endorsed by the City Council under Resolution No. 4158-12-2012, whereby development of the TEX
Rail Project would be accomplished through one agreement and that portion of the Cotton Belt
Passenger Rail Project between Dallas-Fort Worth International Airport and Plano would be
accomplished through a second agreement.
Section 2. THAT the City Council is especially receptive to public-private partnership
proposals in which the TEX Rail Project would open for service by the end of 2016, recognizing the
availability of existing funding and cash flow from various revenue sources for the TEX Rail Project.
Section 3. THAT the City Council wishes to consider only those proposals in which all
Federal Transit Administration (FTA) New Starts Funding would be restricted for development of the
TEX Rail Project and not that portion of the Cotton Belt Passenger Rail Project between Dallas-Fort
Worth International Airport and Plano.
Section 4. THAT the City Council believes that development of the TEX Rail Project will
be enhanced through an additional partnership between the City, the Fort Worth Transportation
Authority (The T), and other Tarrant County jurisdictions.
Section 5. THAT the City Council believes that governance of the TEX Rail Project must
contain appropriate continuing oversight by local elected officials.
Section 6. THAT this Resolution will take effect immediately upon its adoption.
Section 7. THAT this Resolution may be repealed or amended at any time by majority vote
of the City Council taken in a public meeting posted in accordance with Chapter 551 of the Texas
Government Code.
Resolution No. 4143-04-2013
Adopted this 2nd day of April, 2013.
ATTEST: ..� p����
0000C)GO"ON
0 40
Yam'✓ •tr o
By:
----- �0 4 x d
`¢ «
Mary Kay , City Secretary �� o o°ic ICY
00«««000«0090 a
ORT WORT