Posting Language
Title
Approve a resolution authorizing negotiation and execution of an advance funding agreement with the Texas Department of Transportation in the amount of $2,300,000 for the design and construction of hardscape elements associated with the City-funded East Avenue Trail betterment to the I-35 Capital Express Central Project. Funding: $2,300,000 is available in the Transportation and Public Works Department's Capital Budget.
De
Lead Department
Transportation and Public Works Department
Fiscal Note
Funding in the amount of $2,300,000 is available in the Transportation and Public Works Department's Capital Budget.
Prior Council Action:
May 22, 2025 - Resolution No. 20250522-042 authorizing the negotiation and execution of an advance funding agreement with the Texas Department of Transportation for the City's commitment to fund up to $104,000,000 for cap and stitch roadway elements to be integrated into the IH-35 Capital Express Central Project letting package, was approved on a 8-2-1 vote, with Council Members Duchen and Laine voting no and Council Member Siegel abstaining.
March 21, 2024 - Resolution No. 20240321-067 authorizing the City Manager to apply for financial assistance from the State Infrastructure Bank for the I-35 Cap and Stitch Program in an amount not to exceed $191,000,000 was approved on consent on a 11-0 vote.
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 consent on a 11-0 vote.
December 12, 2024 - Ordinance No. 20241212-052 authorizing negotiation and execution of an agreement with the U.S. Department of Transportation, Neighborhood Access and Equity grant program, in the amount of $105,200,000, wi...
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