STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: June 14, 2023
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Public Works
EXECUTIVE: Dr. Robert Perez
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SUBJECT
Title
Authorize (1) a correction to Resolution No. 23-0114, previously approved on January 11, 2023 with Texas Materials Group, Inc. dba TexasBit, a CRH Company, to adjust the appropriation in the General Fund by decreasing estimated receipts and appropriations in the amount up to $2,465,842.65 for the construction services contract with Texas Materials Group, Inc. dba TexasBit, a CRH company, (2023 Annual Street Maintenance Improvement Contract); (2) an adjustment to the appropriation increase in receipts in the Equity Fund by increasing receipts and appropriations in the amount up to $2,000,000.00; and (3) an increase in receipts adjusting the appropriation in the Street and Alley Improvement Fund by increasing receipts and appropriations in the amount up to $465,842.65 for the construction services contract with Texas Materials Group, Inc. dba TexasBit, a CRH company (2023 Annual Street Maintenance Improvement Contract) a correction to Resolution No. 23-0114, previously approved on January 11, 2023 with Texas Materials Group, Inc. dba TexasBit, a CRH Company to revise funding from the General Fund to the Equity Fund and Street and Alley Fund - Not to exceed $48,906,741.15 - Financing: No cost consideration to the City General Fund ($25,533,007.50), Equity Fund ($2,000,000.00), and Street and Alley Fund ($21,373,733.65)
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BACKGROUND
Texas Materials Group, Inc. dba TexasBit, a CRH company, was established in 1948 in Dallas, Texas and their current corporate headquarters is located in Irving, Texas.
On September 22, 2021, the City Council authorized the final reading and adoption of the appropriation ordinance for the FY 2021-22 City of Dallas Operating, Capital, and Grant & Trust Budgets, which included the...
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