Posting Language
Title
Approve a resolution authorizing negotiation and execution of an advance funding agreement with the Texas Department of Transportation for the City to contribute up to $20,000,000, for 100 percent design of cap decks and associated tunnel elements to be integrated into the IH-35 Capital Express Central Project. Funding in the amount of $20,000,000 is available from the State Infrastructure Bank Loan or Certificates of Obligation. Related to Item #42 and #43.
De
Lead Department
Transportation and Public Works Department
Fiscal Note
Funding in the amount of $20,000,000 is available Funding is available from the State Infrastructure Bank Loan or Certificates of Obligation.
Prior Council Action:
December 14, 2023 - Resolution No. 20231214-060 authorizing negotiation and execution of an advance funding agreement with the Texas Department of Transportation for engineering and design study for cap and stitch improvements on the IH-35 Capital Express project for a total estimated cost of $1,818,334 with the City's share of the costs estimated to be $166,667 plus any cost overrun was approved on consent on a 10-0 vote with Council Member Ryan Alter absent.
December 14, 2023 - Resolution No. 20231214-061 authorizing negotiation and execution of an advance funding agreement with the Texas Department of Transportation for the City to contribute $15,445,000, for 30 percent of the design and other associated costs of cap and stitch structures to be integrated into the IH-35 Capital Express Central Project was approved on consent on a 10-0 vote with Council Member Ryan Alter absent.
December 12, 2024 - Resolution No. 20241212-011 authorizing the negotiation and execution of a State Infrastructure Bank loan agreement, for one or more loans, in an amount not to exceed $41,000,000 to fund the City's costs related to the I-35 Cap and Stitch program and all other required documentation to effectuate the City's intent to borrow such funds was approved on...
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