HomeMy WebLinkAboutItem 05 - Stone Myers Parkway Construction ITEM # ---)
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER \ ,
MEETING DATE: OCTOBER 6, 2009
SUBJECT: INTERLOCAL AGREEMENT RENEWAL —TARRANT COUNTY
FUNDING PARTICIPATION — EULESS-GRAPEVINE
ROAD/STONE MYERS PARKWAY CONSTRUCTION
PROJECT
RECOMMENDATION:
City Council consider renewing an Interlocal Agreement for Fiscal Year 2010 with Tarrant
County for their funding participation in the Euless-Grapevine Road/Stone Myers Parkway
construction project in an amount of $1,000,000, authorize City staff to execute said
agreement renewal, and take any necessary action.
FUNDING:
Tarrant County Funding Participation in the amount of$1,000,000.
BACKGROUND:
Prior to the award of the construction contract in February, 2009, Commissioner Fickes
proposed to provide funding from Tarrant County in the amount of$1,000,000 to assist the
City in meeting the required local share of the Euless-Grapevine Road/Stone Myers
Parkway project cost. This additional funding from Tarrant County reduces the City's
programmed commitment to this project from 40% of the project cost down to 25% of the
project cost.
The county will provide the funding over a three year period with payments of$ 333,000 in
2009, $333,000 in 2010 and $334,000 in 2011.
City Council approved the initial Interlocal Agreement with Tarrant County on March 3,
2009. The County requests that we renew the agreement in each of the budget years in
which funding for this project is programmed.
Staff recommends approval.
R:\AGENDA\10-06-09\Tarrant County ILA Euless Gpv Rd 2010 Renewal Memo.doc
STATE OF TEXAS §
§ Renewal of Interlocal Agreement Court Order No. 105513
COUNTY OF TARRANT § Project: Euless Grapevine/Stone Myers
BACKGROUND
1. Tarrant County ("COUNTY") and the City of Grapevine ("CITY") entered into
an Agreement located in Tarrant County Commissioners Court Order No.
105513, for the cooperative funding of improvements Euless Grapevine Road
and Stone Myers Parkway ("Project") as described in the 2006 Tarrant
County Bond Program.
2. The Project is not completed and the COUNTY and the CITY desire to renew
the Agreement for the 2010 Fiscal Year.
Therefore, the COUNTY and CITY agree to the following
1. The COUNTY and the CITY renew the Agreement for the COUNTY's 2010
Fiscal Year with the Agreement to expire September 30, 2010 or the
completion of the Project as determined by the COUNTY, whichever occurs
sooner.
2. The COUNTY and CITY agree to the revised payment schedules.
3. All terms and conditions of the original Agreement as amended remain in
effect except to the extent modified by this Renewal.
APPROVED on this day the day of , 20_, by
Tarrant County.
Commissioners Court Order No.
TARRANT COUNTY
STATE OF TEXAS CITY
County Judge Signature
APPROVED AS TO FORM:
District Attorney's Office*
Interlocal Agreement Transportation Bond 2006-2007 Page 1
*By law, the District Attorney's Office may only advise or approve agreements or legal documents on behalf
of its clients. It may not advise or approve a agreement or legal document on behalf of other parties. Our
review of this document was conducted solely from the legal perspective of our client. Our approval of this
document was offered solely for the benefit of our client. Other parties should not rely on this approval,and
should seek review and approval by their own respective attorney(s).
CERTIFICATION OFA VAILABLEFUNDSIN THE AMOUNT OF.$
Certification of Funds Available as follows:
Fiscal year ending September 30, 2007 $
Fiscal year ending September 30, 2008 $
Fiscal year ending September 30, 2009 $333,000
Fiscal year ending September 30, 2010 $333,000
All future years funding is contingent on future debt issuance
and renewal of this contract
Fiscal year ending September 30, 2011 $334,000
Fiscal year ending September 30, 2012 $
Fiscal year ending September 30, 2013 $
Fiscal year ending September 30, 2014 $
Fiscal year ending September 30, 2015 $
Fiscal year ending September 30, 2016 $
$1,000,000
Auditor's Office
Interlocal Agreement Transportation Bond 2006-2007 Page 2
ATTACHMENT A
Project Information
City: City of Grapevine
r.rr,
Project Name: Euless Grapevine/Stone Myers Pkwy. improvements
Proposed Project Schedule
Start Date Duration(mo) End Date *
Design: - 0 -
ROW Acquisition: - 0 -
Utility Relocation: - 0 -
Construction: May-2009 15 Aug-2010
* COUNTY payments by completed phase are contingent upon the COUNTY'S
reasonable determination that the work regarding the project phase for which payment
is expected is successfully completed, as determined by the COUNTY. COUNTY
plans to issue debt for all phases of this project,therefore payment remains contingent
on debt issuance in accordance with applicable law.
Once Construction commences, COUNTY payment shall be made by fiscal quarter
prorated over the life of the construction but contingent upon reasonable progress in
construction as may be determined by the COUNTY.
Proposed County Payment by Phase
Design: $
0
ROW Acquisition: $
Utility Relocation: $
Construction: $1,000,000
County Funding
Total: $1,000,000
Proposed County Payment by Calendar Quarter(SUBJECT TO CHANGE)
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
2007 $ $ $
2008 $ $ $ $333,000
2009 $ $ $ $333,000
2010 $ $ $ $334,000
2011 $ $ $ $
2012 $ $ $ $
2013 $ $ $ $
2014 $ $ $ $
2015 $ $ $ $
2016 $ $ $ $
Amoitt
sviil
Interlocal Agreement Transportation Bond 2006-2007 Page 3
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