HomeMy WebLinkAboutIR 8521 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 8521
Date: September 9,
i ' +stir To the Mayor and Members of the City Council 2003
Page 1 of 2
SUBJECT: Funding for West Rosedale Street (Forest Park Boulevard to Main
Street)
The purpose of this report is to update you on the financial status of this section of West Rosedale Street
improvements.
The West Rosedale Street project from I14-35W to Forest Park Boulevard will widen this arterial street from a
four-lane roadway to a six-lane divided roadway. As a result of the roadway widening, the existing Fire
Station 8 must be relocated. The City has allocated $13.8 million for the Rosedale Street and Fire Station 8
project. The estimated cost for the projects is $18 million, leaving a shortfall of$4.2 million.
Phase I of the street project, which extends from IH-35W to Main Street, began construction in December
2001 and is anticipated to be completed in December 2003. Right-of-way acquisition and private utility
relocation for Phase H of the street project, which extends from Main Street to Forest Park Boulevard, is
mostly completed. TxDOT has sent the City a letter requesting payment of the City's share of the
nstruction cost of the project so that a construction contract may be let.
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xDOT is ready to let the construction contract for this project as soon as the City provides their remaining
share of the costs. A portion of the federal funding allocated to the West Rosedale project comes from Urban
Street funds, which expire in October 2003. These funds cannot be transferred to another project nor can the
expiration date be extended. The result is TxDOT will not encumber these funds in October, via the project
letting, and the City will lose this portion of the project's budget. This loss will increase the City's cost of the
project by $356,000 for the upcoming bond program, thus increasing the total city shortfall to $4.6 million.
The West Rosedale project ranked as the City's P highest transportation/mobility priority based on the
prioritization strategy to"short list"grant funded transportation projects. Most of the under funded projects
within the top 30 on this short list will be recommended for the upcoming bond program.
The following table on page 2 provides more detail on the City's project costs and shortfall:
ISSUED BY THE CITY MANAGER FORT WORTH. TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 8521
Date: September 9,
To the Mayor and Members of the City Council 2003 y�
Page 2 of 2
SUBJECT: Funding for West Rosedale Street (Forest Park Boulevard to Main
Street)
Available Funds millions
1993 CIP $ 8.0
1986 Surplus CIP $ 2.0
C.O. (Approved December 2000 $ 2.2
Fire Station 8 2003 C.O. $ 1.6
Total Available Funds$ 13.8
Expenses To-Date
Phase 1 Right of Way $ 0.4
Phase 11 Right of Way $ 6.5
Fire Station 8 Property $ 0.7
Total Expenses To-date$ 7.6
Future Obligations
Phase I Right of Way $ 0.2
Phase II Right of Way $ 1.3
Phase II Construction $ 6.9
Landscaping $ 0.5
Fire Station 8 Construction $ 1.9
Total Future Obligations$ 14.4
Total City Project Cost Is 18.4
CITY SHORTFAL 4.6
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City Manager
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ISSUED BY THE CITY MANAGER FORT WORTH_ TEXAS