Posting Language
Title
Approve an ordinance amending the Fiscal Year 2023-2024 Transportation and Public Works Capital Budget (Ordinance No. 20230816-008) to increase appropriations by $15,445,000 for the integration of cap and stitch structures into the design of IH-35 Capital Express Central Project. Related to Item #61.
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Lead Department
Transportation and Public Works.
Fiscal Note
$15,445,000 is available from tax-exempt obligations to be issued August 2024 or later. A fiscal note is attached.
For More Information:
Richard Mendoza, Interim Director, 512-974-2488; Michelle Marx, Acting Transportation Officer, (512) 974-4357; Karla Taylor, Chief of Staff, 512-974-7246; Gilda Powers, Administration, 512-974-7092.
Additional Backup Information:
This budget amendment allows Transportation and Public Works to move forward with an advance funding agreement with the Texas Department of Transportation for the City to contribute towards the design and associated costs of cap and stitch structures to be integrated into the IH-35 Capital Express Central Project.