STRATEGIC PRIORITY: Quality of Life
AGENDA DATE: February 10, 2021
COUNCIL DISTRICT(S): 14
DEPARTMENT: Park & Recreation Department
EXECUTIVE: John D. Jenkins
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SUBJECT
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Authorize (1) an Advance Funding Agreement with the University Crossing Public Improvement District for matching funds for the 2017 Transportation Alternatives Set-Aside Program for the University Crossing Trail Lighting Project at Glencoe Park located at 3700 Glencoe Street to Skillman Street; (2) the establishment of appropriations in an amount not to exceed $795,395.00 in the University Crossing PID Trail Fund; (3) the receipt and deposit of University Crossing Trail Funds in an amount not to exceed $795,395.00 in the University Crossing PID Trail Fund; and (4) execution of the funding agreement including all terms, conditions, and documents required by the funding agreement - Not to exceed $795,395.00 - Financing: University Crossing PID Trail Fund
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BACKGROUND
The City of Dallas and University Crossing Public Improvement District (UCPID) partnered in application for 2017 Transportation Alternatives Set-Aside (TASA) Program for the Ridgewood Trail Lighting Project (Project). On September 6, 2019, the Park and Recreation Board renamed a portion of the Ridgewood Trail to University Crossing Trail and subsequently, the project was renamed to the University Crossing Trail Lighting Project. The application required that the applicant be a governmental body and that the applicant provide a match of 20 percent of the total cost of the Project. In July 2017, the City of Dallas was successful in application for all costs requested of the Project. The total project cost is estimated to be $1,024,444.00. TASA funds awarded are $687,280.00 and State participation is $41,769.00. The City is required to provide $295,395.00 in matching funds which includes payment to the Texas Department of Transportation (TxDOT) of $27,335.00...
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