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HomeMy WebLinkAboutItem 11 - Advanced Funding AgreementMEMO TO: FROM: MEETING DATE: SUBJECT: RECOMMENDATION: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL BRUNO RUMBELOW, CITY MANAGER t JUNE 7, 2011 ADVANCED FUNDING AGREEMENT AMENDMENT # 3 EULESS GRAPEVINE/STONE MYERS PARKWAY City Council consider approving Advanced Funding Agreement # 3 with TxDOT for the Euless Grapevine /Stone Myers Parkway construction project, authorize staff to execute said amendment and take any necessary action. FUNDING SOURCE: Funds are programmed for Euless Grapevine Rd 1 Stone Myers Parkway from OOA GO Bonds, Acct # 178 -78106 -012. BACKGROUND: Staff has proposed to the NCTCOG and TxDOT Staff that we add sidewalks and street lights to this project for the segment of Stone Myers Parkway that existed prior tot is project. Both COG and TxDOT staff have agreed to our proposal and the RTC has approved the funding for this addition. The sidewalk and street lights will extend from Prospect Parkway to State Highway 360 and will connect with Big Bear Creek Trail on the east side of State Highway 360. The added cost of $338,000 will be funded under the current project percentages, 31 % City/69% Federal. The proposed amendment reflects the funding modifications. Staff recommends approval. R:I AGENDA 12011106- 07- 111Amendment #3 TxDOT AFA EG Rd.doc STATE OF TEXAS § COUNTY OF TRAVIS § CSJ # 0902 -48 -5371 STP 2004(758)MM District # 02 — Fort Worth Code Chart 64 # 17200 Project: Euless /Grapevine /Mustang SH 360 to Mustang Drive Federal Highway Administration CFDA # 20.205 Not Research and Development ADVANCE FUNDING AGREEMENT AMENDMENT #2 THIS AMENDMENT is made by and between the State of Texas, acting through the Texas Department of Transportation, called the State, and City'gf Grapevine, acting by and through its;�duly , aitFiorized individuals, called the Local Government. l% i9 'Al WITNESSE, WHEREAS, the State and the Local Government executed a'c'ontract on 6t" of July 2004 to effectuate their agreement to the widening of Euless - Grapevine Road from 2 to 4 lanes from SH 360 to SH 121, constructing a new 4 lane undivided section; and, WHEREAS, Amendment #1 was executed on the WHEREAS, it has become NOW THEREFORE, of the parties, the St to amend tl sideration of the premis ,'7 the Loci" Government ; and, �'bntract;' and of the mutual covenants and agreements ,".agree as follows: ENT 1. Description of Arnende�l,ltems The scope of work had been revisedrto add traffic signal improvements on Mustang Drive at Stone Myers Parkway, e�end the ,'construction of sidewalk and street lighting south along Stone Myers Parkway to1,t6uthbound SH 360 frontage road to connect with Big Bear Creek Hike and, Bike Trail an larify the limits of the project as Euless - Grapevine /Stone Meyers 6✓V,+mlk Parkway from;SH 360 t rospect Parkway from 2 to 4 lane undivided; construct a new 4 lane roadway connecting Sone Myers Parkway from Prospect Parkway to Mustang Drive with traffic signal improvemnfsidewalk and street lighting. To increase the authorized construction funding, for a revised funding amount of $7,359,000 ($5,085,061 Federal and $2,273,939 Local participation). Attachment C -1, Project Budget Estimate and Source of Funds, of Amendment #1 is deleted in its entirety, and replaced with Attachment C -2, Project Budget Estimate and Source of Funds. AFA —AFA —Amend Page 1 of 2 Revised 04/08/11 2. CSJ # 0902 -48 -5371 STP 2004(758 )MM District # 02 -- Fort Worth Code Chart 64 # 17200 Project: Euless /Grapevine /Mustang SH 360 to Mustang Drive Federal Highway Administration CFDA # 20.205 Not Research and Development All other provisions of the original contract are unchanged and remain in full force and effect. Signatory Warranty Each signatory warrants that the signatory has necessary authority to execute this agreement on behalf of the entity represented. THIS AGREEMENT IS EXECUTED by the State and the Local THE LOCAL GOVERNMENT Signature Typed or Printed Name Title Date s THE STATE OF TEXAS 4 Janice Mullenix Director,`' f Contract Servic6s Texas Df artment of Transportation ; f Jr, EI��h Date ,,,,,; %, iplicate. AFA AFA Amend Page 2 of 2 Revised 04/08/111 4 iplicate. AFA AFA Amend Page 2 of 2 Revised 04/08/111 Lo ca _> _ U) L 1_ p : ❑ O N N tm E Q d C 1 0 o > co °a� E > N C a-0 ❑ �(D co co c O�.�CN U NO O CO M Co ctf W = o� Cy �# V U U N¢ (D � 'p •(v (D CD .N O N LL O U❑Un. LL0z nz, '.7-) LL rdn Lul U N 1 5W W Q" F� U aui � W oC4 m W >, 0� N co C U H N Ii .�C 0 .N U L CA CO) 0 Cd U U t� O _ U M N �3 69 O C7 � _ N L� 0 U IV H Ilf T OD to O 4) Mn di T O Y/ M a c N ai Q LL Q a LL 0� 011 C-,; Ch M n N C•1 N c� C N <4 N N G�� //d "117111, /M a i r i f ps N,U MA, �/ / 0 0 a. 212/1 ON r O Lt ' O� N ISO A �4 CA CO) 0 Cd U U t� O _ U M N �3 69 O C7 � _ N L� 0 U IV H Ilf T OD to O 4) Mn di T O Y/ M a c N ai Q LL Q a LL Account Summary Inquiry gldsumi Igibson 10.1.140.160 Account number: 17878106012 Wed May -25- 201108:41:02 am Account Summary Inquiry Page 1 of I 12tw Inc. GKV-kng"fifai Safkw&m tbluiblans. Copyright 0 5t inc. 1993 -2011 Fiscal year 2011 Display req amount No Xuless Grapevine Rd. Project Adopted budget 40.00 Beginning balance i$0.00 Revised budget i:$677,539.38 f 11 1 11 e �- 4w 0 * E J, http://stw.stwapps.stw/stw_php/stwgl/gldsumi.php 5/25/2011 OCT 0.00 0.00 $0.00 $677.539.38 $0.00 NOV 0.00 0.00 $0.00 $677:639-38 $0.00 DEC 0.00 0.00 $0.00 $677-539.38 $0.00 JAN 677,539.38 0,00 $0.00 $677,539.38 $0.00 FEB 0.00 171.74 $0.00 $677-367.64 $171.74 MAR 0.00 0.00 $0.00 $677,367.64 $171.74 APR 0.00 0.00 $0.00 $677,367.64 $171.74 MAY 0.00 0.00 $0.00 $677,367,64 $171.74 JUN 0.00 0.00 $0.00 $677,367.64 $171.74 'JUIL 0.00 0.00 $0.00 $677,367.64 $171.74 AUG 0.00 0.00 $0.00 $677,367.64 $171.74 SEP 0.00 0.00 $0.00 $677,367.64 $171.74 Totals I XT - 7,-� f 11 1 11 e �- 4w 0 * E J, http://stw.stwapps.stw/stw_php/stwgl/gldsumi.php 5/25/2011