Posting Language
Title
Approve an ordinance amending the Fiscal Year 2018-2019 Austin Transportation Department Capital Budget (Ordinance No. 20180911-001) to increase appropriations from the 2016 Mobility General Obligation Bonds in an amount not to exceed $3,305,000 for improvements to the corridor on which the Regional Mobility project for Old Bee Cave Road Bridge is located, namely increasing the lanes of controlled access highways and frontage road on US 290 from west of RM 1826 to SL 1 and on SH 71 from US 290 West to Silvermine Drive (Oak Hill Parkway project). Related to Items #30 and #31.
De
Lead Department
Austin Transportation Department
Fiscal Note
Funding in the amount of $3,305,000 will be provided by the future issuance of Public Improvement Bonds approved by the voters on November 8, 2016. A fiscal note is attached.
For More Information:
Robert Spillar, 512-974-2488; Annick Beaudet, 512-974-7959; Paul Terranova, 512-974-7163; Gilda Powers, 512-974-7092
Additional Backup Information:
The purpose of this action is to authorize funding in an amount not to exceed $3,305,000 to supplement right of way acquisition and utility adjustment funds provided by Texas Department of Transportation (TxDOT) to reconstruct controlled access highways and frontage road on US 290 from west of RM 1826 to SL 1 and on SH 71 from US 290 West to Silvermine Drive, also known as the Oak Hill Parkway project, from four-lanes to six-lanes. The City’s required 10% local participation is $3,301,401 and the State’s contribution is estimated at $29,712,609. The project will be managed by TxDOT and the construction letting year anticipated Fiscal Year (FY) 2020. The State will be responsible for 100% of the costs in excess of the $3,301,401 City’s participation.
The City’s funding is from the 2016 Mobility Bond funds approved by the voters. This action is consistent with the contract with the voters as set forth in Resolution No. 20160818-074. This Resolution identified $8 million for the Regional Mobility project to make improvements to the Old Bee Caves Road Bridge. The City Manager was directed in the Resolution to seek out additional funding sources for these projects. TxDOT is making the improvements to the bridge. Consistent with the contract with the voters, this action is authorizing the use of a portion of those bond funds for the additional improvements on the corridor on which the Old Bee Cave Road Bridge is located. The remainder of the bond funds for Old Bee Cave Road may be used on additional improvements for a Regional Mobility Project at a later date.
Payment to the State is anticipated to be made on the following payment schedule, pending environmental approvals and construction letting year:
FY 2019 - $3,301,401.
This action is related to the resolution authorizing the City to enter into the agreement with TxDOT for these improvements and is also related to the reimbursement resolution that Council is required to approve for the City to issue tax-exempt debt.
Existing water quality ponds that treat MoPac/Loop 360/Ben White Blvd/US 290/Lamar Blvd are under consideration for potential future regional interagency collaboration, either as part of a future transportation project or as a stand-alone retrofit agreement/contract between the City and TxDOT. These retrofit opportunities are still in the preliminary phase and under analysis.