STRATEGIC PRIORITY: Mobility Solutions, Infrastructure, and Sustainability
AGENDA DATE: October 23, 2019
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Transportation
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
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Authorize (1) Supplemental Agreement No. 1 to the Cooperation Agreement between the City of Dallas and Texas Central Rail Holdings, LLC, (Texas Central) regarding design by the United States Army Corps of Engineers (USACE) for a Lamar Levee Floodwall Extension as required by regulatory permitting; (2) the receipt and deposit of funds from Texas Central to the Dallas High Speed Rail Fund in an amount not to exceed the cost the USACE provides for the design of the Lamar Levee Floodwall, if, and, when: (a) the USACE provides the cost of design of the Lamar Levee Floodwall and (b) Texas Central requests the City to submit a request for the USACE to move forward with the design of the Lamar Levee Floodwall; (3) the establishment of appropriations in the Dallas High Speed Rail Fund in a pass-through amount not to exceed the cost for the design of the Lamar Levee Floodwall provided by the USACE, as such cost may be amended by USACE and funded by Texas Central; and (4) the disbursement of funds to the USACE in accordance with the Project Cooperation Agreement between the City of Dallas and the USACE in an amount not to exceed the cost provided by the USACE for the Lamar Levee Floodwall design as may be amended - Financing: No cost consideration to the City (see Fiscal Information)
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BACKGROUND
This transaction establishes a pass-through funding agreement for Texas Central to pay for the design of a floodwall extension needed to accommodate the high-speed rail infrastructure adjacent to the Lamar Levee being constructed by the USACE.
Texas Central plans to design, construct and operate a private high-speed passenger rail line (HSR) between the Dallas-Fort Worth Metropolitan Area and t...
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