| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 6/12/2017
Department: Engineering
Department Head: B. Caleb Thornhill
Agenda Coordinator: Libby McCabe |
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CAPTION
Resolution No. 2017-6-2(R): To approve the terms and conditions of a Local Transportation Advance Funding Agreement By and Between the City of Plano and the Texas Department of Transportation for Intersection Improvements on State Highway 289 at Plano Parkway; authorizing its execution by the City Manager; and providing an effective date. ADOPTED |
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FINANCIAL SUMMARY CIP
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FISCAL YEAR:
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2016-17
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Prior Year
(CIP Only)
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Current
Year
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Future
Years
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TOTALS
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Budget
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0
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0
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0
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0
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Encumbered/Expended Amount
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0
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0
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0
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0
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This Item
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227,487
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5,343,544
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0
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5,571,031
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BALANCE
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227,487
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5,343,544
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0
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5,571,031
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FUND(S): Street Improvements CIP
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COMMENTS: This item terminates an existing agreement with the Texas Department of Transportation and replaces it with a new Local Project Advanced Funding Agreement that will increase Federal and State participation in the Preston Road at Plano Parkway Intersection Improvements project to a total of $5,571,031.
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SUMMARY OF ITEM
See Recommendation Memorandum.
Strategic Plan Goal:
Financially Strong City with Service Excellence, Great Neighborhoods - 1st Choice to Live, Partnering for Community Benefit
Plano Tomorrow Plan Pillar:
Built Environment, Regionalism |
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