STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: January 8, 2025
COUNCIL DISTRICT(S): 8
DEPARTMENT: Department of Transportation and Public Works
EXECUTIVE: Dev Rastogi
______________________________________________________________________
SUBJECT
Title
Authorize (1) an agreement with TC Cedar-Alt Distribution Center, LLC, for contribution of funds towards the warranted traffic signal installation at the intersection of Bonnie View Road and Langdon Road in the city of Dallas; (2) an increase in appropriations in an amount not to exceed $110,000.00 in the Transportation Special Projects Fund; and (3) the receipt and deposit of funds in an amount not to exceed $110,000.00 in the Transportation Special Projects Fund - Not to exceed $110,000.00 - Financing: Transportation Special Projects Fund
Body
BACKGROUND
TC Cedar-Alt Distribution Center, LLC (Developer) desires the development or redevelopment of property located at (i) 3486 Cedardale Road, Dallas, Texas 75241, (ii) 9078 Van Horn Drive, Dallas, Texas 75241, and (iii) 9016 Van Horn Drive, Dallas, Texas 75241, in each case, for industrial warehouses (collectively, the “Development Project”). The Development Project contributes to the need for municipal infrastructure additions or improvements, namely a warranted traffic signal at the intersection of Bonnie View Road and Langdon Road.
The City of Dallas, pursuant to Chapter 51A-1.109 of the Dallas City Code, determines the city infrastructure has an estimated total cost of Six Hundred and Fifty Thousand and No/100 Dollars ($650,000.00) and made an apportionment determination in accordance thereof as to the Developer and City’s cost participation. The impact created by the Development Project requires the installation of city infrastructure requiring the Developer to provide proportionate share of the costs for the installation of city infrastructure. The Developer agrees to provide its proportionate share towards the city infrastructure to address the municipal infrastructure needs created by their planned Development Project as determined by Section 51A-1.109 of the Dallas City Code, in the amount of $110,000.00.
This item will authorize the receipt and disbursement of funds towards the warranted traffic signal installation.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
|
Fund |
FY 2025 |
FY 2026 |
Future Years |
|
Transportation Special Projects Fund |
$110,000.00 |
$0.00 |
$0.00 |
Note: The total estimated project cost is $650,000.00. A majority of funding will come from various developer contributions, and any remaining cost will be paid for by the City.
MAP
Attached