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HomeMy WebLinkAbout(0039) Resolution_Trinity_Trail_East_FW_AFA_Amedment 1.pdfA Resolution NO. A RESOLUTION AUTHORIZING EXECUTION OF AMENDMENT NO. 1 TO AN ADVANCE FUNDING AGREEMENT WITH THE TEXAS DEPARTMENT OF TRANSPORTATION TO DECREASE THE FEDERAL, STATE AND CITY PARTICIPATION BY THE COMBINED AMOUNT OF $163,694 AND TO DECREASE THE TOTAL FUNDING AGREEMENT AMOUNT TO $3,166,762.00 DUE TO REDUCED CONSTRUCTION SCOPE OF THE TRINITY TRAIL EAST FORT WORTH EXTENSION PROJECT WHEREAS, the Transportation Alternatives Program, administered by the Texas Department of Transportation, provides funding for programs and projects defined as transportation alternatives, including on and off -road pedestrian and bicycle facilities; and WHEREAS, the City of Fort Worth and the Texas Department of Transportation ("TxDOT") entered into a Local Project Advance Funding Agreement (City Secretary No. 47147; CSJ#0902- 90-031) for the division of costs and responsibilities associated with the design and construction of the Project; and WHEREAS, the Project was estimated to cost $3,330,456.00 including City participation in the amount of $807,106.00; and WHEREAS, the construction of the Project was finished in January 2021 with the exception of the trail segment within Interstate Highway 820 Right -of -Way ("IH 820 ROW"), which will be built by TxDOT as part of its IH 820 project; and WHEREAS, the City and TxDOT desire to amend the original Funding Agreement to change the scope as described above and decrease the total funding amount by $163,694 apportioned as follows: Federal share by $102,362.00, State share by $35,742.00 and City share by $25,590.00, for a revised total amount of the Funding Agreement decreasing from $3,330,456.00 to $3,166,762.00; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, THAT: The City Manager is authorized to execute Amendment No. 1 to Advance Funding Agreement with the Texas Department of Transportation (City Secretary No. 47147) decreasing the total amount of the Agreement to $3,166,762.00 with a correlative decrease of the City's participation by the amount of $25,590.00 for a revised amount of City participation of $781,516.00 for reduced trail construction scope within the IH 820 ROW. Adopted this ______day of ______2022. ATTEST Jannette S. Goodall City Secretary ORT WOR�1 kir