STRATEGIC PRIORITY: Quality of Life
AGENDA DATE: October 13, 2021
COUNCIL DISTRICT(S): 14
DEPARTMENT: Park & Recreation Department
EXECUTIVE: John D. Jenkins
______________________________________________________________________
SUBJECT
title
Authorize execution of a revised Advanced Funding Agreement (AFA) with the Texas Department of Transportation (TxDOT) (TxDOT Agreement No. CSJ 0196-07-034), for the Woodall Rodgers Park Deck Plaza Extension Structure on-system from west of Akard Street to St. Paul Street to provide for a $1,700,000.00 increase in the City's previously authorized construction costs allocation (Resolution No. 21-1134) from $7,900,000 to $9,600,000 from Park and Recreation Facilities (B) Fund- Total amount of $1,700,000.00 - Financing: Park and Recreation Facilities (B) Fund (2017 General Obligation Bond Fund)
body
BACKGROUND
On June 23, 2021, Resolution No. 21-1134 was approved by Council authorizing Advanced Funding Agreements (AFAs) with Texas Department of Transportation (TxDOT) for the on-system construction and maintenance of the Woodall Rodgers Park Deck Plaza Extension Structure from west of Akard Street to Saint Paul Street. Total project costs for the project, including design, construction, and other costs was estimated to be $56,848,810.00-the City's financial commitment to the total project cost was $7,900,000.00. After passage of Resolution No. 21-1134, and prior to the parties signing the AFAs, TxDOT informed the City that the Opinion of Probable Cost (OPC) determined by TxDOT had been revised higher than the prior OPC.
By agreement, TxDOT cannot bid the project unless funding for the entire OPC is identified at the time of execution of the AFA. By this action the City will commit an additional $1,700,000.00 of 2017 Proposition B funds from the remainder of funds for this bond project, to meet the project agreement requirements for a total City contribution of $9,600,000; and, the parties can proceed to execute the on-system...
Click here for full text