STRATEGIC PRIORITY: Sustainable
AGENDA DATE: August 13, 2025
COUNCIL DISTRICT(S): 14
DEPARTMENT: Department of Transportation and Public Works
EXECUTIVE: Dev Rastogi
______________________________________________________________________
SUBJECT
Title
Authorize (1) an agreement with Weir’s Plaza Owner, LLC for contribution of funds towards the warranted traffic signal installation at the intersections of Cole Avenue at Armstrong Avenue and McKinney Avenue at Armstrong Avenue in the city of Dallas; (2) an increase in appropriations in an amount not to exceed $320,000.00 in the Transportation Special Projects Fund; and (3) the receipt and deposit of funds in an amount not to exceed $320,000.00 in the Transportation Special Projects Fund - Not to exceed $320,000.00 - Financing: Transportation Special Projects Fund
Body
BACKGROUND
Weir’s Plaza Owner, LLC (Developer) desires the development or redevelopment of property located at 4550 Travis Street, Dallas, Texas 75205 for a mixed-use office/retail development project, commonly known as Weir’s Plaza (“Development Project”). The Development Project contributes to the need for municipal infrastructure additions or improvements, namely two warranted traffic signals at the intersections of Cole Avenue at Armstrong Avenue and McKinney Avenue at Armstrong Avenue.
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 $1,300,000.00 and made an apportionment determination in accordance thereof as to the Developer and the City’s cost participation. The impact created by the Development Project requires the installation of city infrastructure requiring the Developer to provide a 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 $320,000.00.
This item will authorize the receipt and disbursement of funds towards installation of the two warranted traffic signals.
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 |
$320,000.00 |
$0.00 |
$0.00 |
Note: The estimated cost for each traffic signal is $650,000.00 for a total estimated project cost of $1,300,000.00. A majority of funding will come from various developer contributions, and any remaining cost will be paid for by the City.
MAP
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