HomeMy WebLinkAboutResolution 4329-07-2014 i
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A Resolution
NO. 4329-07-2014
A RESOLUTION AUTHORIZING THE EXECUTION OF A FUNDING AGREEMENT
WITH THE NORTH CENTRAL TEXAS COUNCIL OF GOVERNMENTS AND THE
TEXAS DEPARTMENT OF TRANSPORTATION FOR THE DESIGN AND
CONSTRUCTION OF THE SUMMER CREEK TRANSIT-ORIENTED DEVELOPMENT
(TOD) SUSTAINABLE DEVELOPMENT INFRASTRUCTURE PROJECT
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WHEREAS the Texas Transportation Commission passed Minute Order 110727 approving
a memorandum of understanding with the Regional Transportation Council (RTC) concerning the '
administration, sharing, and use of surplus toll revenue in the region and granting to the RTC the
right to select projects to be financed using surplus toll revenue from a toll project, subject to
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Commission concurrence; and
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WHEREAS the Texas Transportation Commission passed Minute Order 113102
concurring with the RTC's selection of projects for the Sustainable Development Program and
providing for the development of, and funding for, the Summer Creek Transit-Oriented
Development (TOD) Sustainable Development Infrastructure Project; and
WHEREAS the City of Fort Worth desires to enter into a Funding Agreement with the
North Central Texas Council of Governments and the Texas Department of Transportation for the
City of Fort Worth to construct the Summer Creek TOD Sustainable Development Infrastructure
Project using funds held in the State Highway 161 (Regional Toll Revenue) Subaccount; and
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WHEREAS the required local matching funds will be provided by Summer Sycamore I,
LTD.; and
WHEREAS the Summer Creek TOD Sustainable Development Infrastructure Project area
is bounded by Summer Creek Drive on the east, Columbus Trail on the south, the Fort Worth and
Western Railroad/Planned TEX Rail Transit Corridor extension on the west, and Summer
Meadows Drive on the North; and i
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WHEREAS the Summer Creek TOD Sustainable Development Infrastructure Project
consists of design and construction of pedestrian amenities, bike trails, landscaping, and a new
two-lane roadway between Sycamore School Road and the northern boundary of the project site,
along with widening Sycamore School Road from two to four lanes west of the Chisholm Trail
Parkway right-of-way; t
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Resolution No.4329-07-2014
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NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH:
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That the City Manager is authorized to execute a Funding Agreement with the North
Central Texas Council of Governments and the Texas Department of Transportation in the amount j
of $3,207,650.00 to design and construct the Summer Creek TOD Sustainable Development
Infrastructure Project.
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ADOPTED this 15 day of July, 2014.
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By:
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Mary J. Ka r Ci y S e etary aa�Abb�4
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ORT WORT
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Exhibit A
Phase 1 -SH 121 Enhancements
D Phase 2a -Commercial Public Access Trail Extension
52c
O Phase 2b -Mixed Use Commercial,Street A East&South \ { a l tall
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O Phase 2c -Mixed Use Office/Retail,Street A North&Trail
Extension
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® Phase3a -Retail/Restaurant&Trail Improvements South „'' �, '
Side of Sycamore School Road
Phase 3b -Mixed Use&Trail Improvements North Side of
Sycamore School Road Existing
Future 'i1 ` Multi-Family
Phase 4 -TEX-Rail Station Connection&Trail Station
Improvement
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Phase 5a -Hotel/Commercial&Trail Improvements North
Side of Sycamore School Road
to3a
Phase 5b -Retail/Restaurant
Side of Sycamore School Road
O Phase 6 -Sycamore School Rd.Extension&Trail 56 :xis yr f` �
53rmmom SrhralRd, - ,l - ,_ �` �a
Improvements _., __ �-_�6 -__-_° ;.. •IsI �
Cm,nryFna05e�rroe, l 1 i1 i j t ;' U ,
------- -Project Limits
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Summer Creek Crossing T.O.D.Phasing
LaExhibit 14 I -DUNAWN/
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION , ,Approved;on 7/15/2014 Resolut�on:No."4329 .07 2014
DATE: Tuesday, July 15, 2014 REFERENCE NO.: G-18252
LOG NAME: 06SUMMER CREEK TOD SUSTAINABLE DEV PROJECT FUNDING AGREEMENT
SUBJECT:
Adopt Resolution Authorizing Execution of a Funding Agreement with the North Central Texas Council of
Governments and the Texas Department of Transportation in the Amount of$2,566,120.00 with a
$641,530.00 Local Cash Match Provided by Summer Sycamore I, LTD, for the Summer Creek Transit-
Oriented Development Sustainable Development Infrastructure Project, Adopt Appropriation Ordinance
and Authorize Execution of a Development Agreement with Summer Sycamore I, LTD, for the Vertical
Construction Component of the Sustainable Development Infrastructure Project (COUNCIL DISTRICT 6)
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RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached resolution authorizing the execution of a Funding Agreement with the
North Central Texas Council of Governments and the Texas Department of Transportation
in the amount of$2,566,120.00 for the Summer Creek Transit Oriented Development
Sustainable Development Project;
2. Authorize the acceptance of a reimbursement grant in the amount of$2,566,120.00 from the j
North Central Texas Council of Governments and the Texas Department of Transportation
to the Grants Fund;
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3. Authorize the acceptance of a local cash match contribution in the amount of$641,530.00 from
Summer Sycamore I, LTD, to the Grants Fund;
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations
in the Grants Fund in the amount of$3,207,650.00; and
5. Authorize the execution of a Development Agreement with Summer Sycamore I, LTD, for
the vertical construction component of the Sustainable Development Infrastructure Project.
DISCUSSION: 1
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On September 15, 2009, the City Council nominated the Summer Creek Transit Oriented Development
(TOD) Sustainable Development Project for grant award Mayor and Council Communication (M&C G-
16700) as part of the 2009/2010 North Central Texas Council of Governments (NCTCOG) Sustainable
Development call for projects. The Regional Transportation Council subsequently selected the project to
receive a grant of$2,566,120.00.
The Summer Creek TOD Sustainable Development Project includes the design and construction of
pedestrian amenities, bike trails, landscaping, and a new two-lane roadway between Sycamore School
Road and the northern boundary of the project site, along with widening Sycamore School Road from two
to four lanes west of the Chisholm Trail Parkway right-of-way to The T's station property
Logname: 06SUMMER CREEK TOD SUSTAINABLE DEV PROJECT FUNDING AGREEME... Page I of 2
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entrance. Pedestrian amenities include wide sidewalks, street trees, pedestrian lighting, bulb-outs for
safer pedestrian crossings, and other improvements to be designed under a context sensitive approach.
The attached exhibit illustrates project elements and locations.
The attached resolution authorizes execution of a funding Agreement with the North Central Texas
Council of Governments and the Texas Department of Transportation in the amount of$3,207,650.00,
which includes $2,566,120.00 in Regional Toll Revenue grant funds and $641,530.00 in local match funds
from Summer Sycamore I, LTD.
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In accordance with the rules of the NCTCOG Sustainable Development Program, Summer Sycamore I,
LTD, will construct or cause to be constructed the required vertical construction component of the
Sustainable Development project. The City of Fort Worth will be responsible for design and construction
of the infrastructure project, as well as inspections and project management.
The project site is located near the planned Summer Creek Station on the future extension of the TEX Rail
line. The site is bounded by Summer Creek Drive on the east, Columbus Trail on the south, the Fort Worth
and Western Railroad/Planned TEX Rail Transit Corridor extension on the west and Summer Meadows
Drive on the North.
This project is located in COUNCIL DISTRICT 6, Mapsco 102M, 102H, 102G and 102L.
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FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations,
execution of the Funding Agreement with NCTCOG and TxDOT, and adoption of the appropriation
ordinance, funds will be available in the current budget, as appropriated, of the Grants Capital Fund.
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FUND CENTERS:
TO Fund/Account/C enters FROM Fund/Account/Centers C
2 4) GR74 451942 006203657000 $2.566,120.00
3 4) GR74 488395 006203657000 $641.530.00
2 4) GR74 5 $3,207,650.00
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(VARIOUS) 006203657XXX
CERTIFICATIONS:
Submitted for City Manager's Office by_ Fernando Costa (6122)
! Originating Department Head:
Randle Harwood (6101)
! Additional Information Contact: Eric Fladager (8011)
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