From
Lori Wester
Title
Resolution declaring expectation to reimburse expenditures with proceeds of future debt in the amount of $3,219,359 for a Local Project Advance funding Agreement (LPAFA) with the Texas Department of Transportation (TxDOT) for ramp improvements from SH 161 to IH 20 eastbound frontage road
Presenter
Walter Shumac III, PE., Director of Transportation Services
Recommended Action
Approve
Analysis
This project provides for the construction of a slip (exit) ramp from President George Bush Turnpike (SH 161) southbound direct connector on IH 20 eastbound to tie-in to the IH 20 eastbound frontage road. This will allow access to Carrier Parkway.
With the upcoming construction of the IH-20 Service Roads, the existing exit ramp for eastbound IH 20 to Carrier Parkway will be relocated west of SH 161 eliminating the ability for vehicles on the toll road to exit at Carrier Parkway. This ramp is necessary to support local businesses and residents that currently use this route to their destinations in this corridor.
The project has been let for construction. Construction is expected to begin in early Fall, 2017 with an anticipated completion in early Spring 2021.
This item will go to CCDC on 7/17/2017 & F&G on 7/18/2017.
Financial Consideration
Local Government periodic Payment Schedule to TxDOT:
1. $20,000 upon full execution of the agreement it will be available in the Street Capital Projects Fund (400192), WO #01713401 - Will be approved by an ordinance on the July 18th, 2017 City Council Agenda.
2. $3,199,359 on or before October 19, 2017 will be available from the FY 2017/2018 Street Capital Projects Fund.
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS, DECLARING EXPECTATION TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR RAMP IMPROVEMENTS FROM SH 161 TO IH 20 EASTBOUND FRONTAGE ROAD
Whereas, the City of Grand Prairie, Texas (the “Issuer”) intends to issue debt for ramp improvements from SH 161 to IH ...
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