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Title
Ordinance amending the FY2019/2020 Capital Improvement Projects Budget; Great Southwest Parkway improvements under Interstate 20 from Eastbound to Westbound frontage roads City Match with TxDOT LPAFA in the amount of $711,374
Presenter
Walter Shumac, Director of Transportation
Recommended Action
Approve
Analysis
The City of Grand Prairie is entering into a partnership agreement with TXDOT for Great Southwest Parkway improvements under Interstate 20 from EB to WB frontage roads. This work includes additional lane on Great Southwest Parkway in each direction under IH20 from EB to WB frontage roads. These improvements will reduce congestion at Great Southwest Parkway and IH20 interchanges without additional capacity on Great Southwest Parkway under IH-20, that the interchange will become more of a bottleneck; particularly with Great Southwest Parkway improvement to 6 lanes in each direction. These improvements will provide significant mobility enhancements within the corridor.
The overall project cost is $3,512,130 of which $2,126,400 is federally funded, $674,355 is state funded and $711,374 is locally funded.
Financial Consideration
City’s portion of the estimated $3,512,130 cost of the project is about 20.25% ($711,374). Funding agreement calls for the city to pay $186,060 upon execution and before construction.
Fund in the total amount of $711,374 is available as follows;
1. $450,000 is available in the Street Capital Project Fund (400192) WO #01808103 (Pavement Widening along GSW Pkwy under I20)
2. $261,374 is available by appropriating and transferring from the unobligated fund balance of Street Capital Project Fund (400192) to WO #01808103 (Pavement Widening along GSW Pkwy under I20)
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, AMENDING THE FY 2019/2020 CAPITAL IMPROVEMENT PROJECTS BUDGET BY TRANSFERRING AND APPROPRIATING $261,374 FROM THE UNOBLIGATED FUND BALANCE IN THE STREET CAPITAL PROJECTS FUND (400192) ...
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