HomeMy WebLinkAboutItem 10 - Glade RoadMEMOTO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: JULY 2, 2019
SUBJECT: APPROVAL OF EXPANSION OF GLADE ROAD FROM STATE
HIGHWAY 360 TO DFW AIRPORT PROPERTY
RECOMMENDATION: City Council to consider approval of an Interocal Agreement with the City
of Euless and Amendment No. 1 to the Developer's Agreement with CRP-
GREP Elan Grapevine Owner, L.P. for the expansion of Glade Road from
State Highway 360 to DFW Airport Property.
FUNDING SOURCE: The proposed action has no material effect on Clty funds.
BACKGROUND: On October 2, 2018 the City entered into an agreement with CRP-GREP
Elan Grapevine Owner, L.P. which is the developer of The Preserve multi-
family development at the northeast corner of Glade Road and State
Highway 360. This agreement provided for $40,000 in City participation to
support the construction of the northern half of the ultimate four -lane
section of Glade Road. The proposed project limits are from the State
Highway 360 frontage road to DFW Airport property.
Since that time, the property on the south side of Glade Road (located in
the City of Euless) has been approved for development. This development
is seeking to expand the southern half of Glade to its ultimate section. The
amendment with CRP-GREP Elan Grapevine Owner, L.P. will provide for
construction of the entire project and amend the required bonding limits.
The interlocal agreement with the City of Euless provides for project
approvals, bonding requirements and maintenance obligations. In order to
lower costs and accelerate the project, staff from both cities, in
coordination with DFW Airport, are proposing a 45 -day full closure of
Glade Road for construction.
Staff recommends approval.