Item Coversheet
  CITY COUNCIL AGENDA MEMO
MEETING DATE: 3/13/2023
DEPARTMENT:Engineering-CIP
DIRECTOR:B. Caleb Thornhill, P.E., Director of Engineering
AGENDA ITEM:Advance Funding Agreement for improvements on Park Boulevard from Coit Road to Jupiter Road between the City of Plano and the Texas Department of Transportation
RECOMMENDED ACTION:Approval of Contract / Agreement

ITEM SUMMARY

To approve an Advance Funding Agreement for intersection improvements on Park Boulevard from Coit Road to Jupiter Road between the City of Plano and the Texas Department of Transportation; and authorizing the City Manager or his designee to execute all necessary documents. Approved

BACKGROUND

The Engineering Department recommends the City of Plano approve and execute a new Advanced Funding Agreement (AFA) for the Park Boulevard Corridor Intersection Improvements Project (from Coit Road to Jupiter Road). The project includes the construction of intersection improvements to include signal modifications, removal of road humps, maximizing left turn lane lengths, adding right turn lanes, and dual left turn lanes along Park Boulevard at Coit Road, Custer Road, Alma Drive, K Avenue, and Jupiter Road. The Advance Funding Agreement supplements the original agreement, completed in July 2009, with the Texas Department of Transportation to establish cost sharing. Costs will be allocated based on 80% federal funding for construction until the federal funding reaches the maximum obligated amount, and 20% from local match contributions. In the event the project cost exceeds federal funding, the City will be responsible for the remaining costs.

 

In July 2009, the original AFA allocated a total of $1,877,677 in federal funding for this project for preliminary engineering, right of way acquisition, and construction costs. In June 2022, the 2021-2024 Transportation Improvement Program (TIP) modified this project and approved an additional allocation of $900,000 towards the total construction cost. A new agreement must be completed based on the original duration of the previous agreement. If approved and executed, these funds will immediately be utilized against construction expenditures, as the project is already under contract and is expected to complete construction in the summer of 2023.

FINANCIAL SUMMARY/STRATEGIC GOALS

This item approves an Advanced Funding Agreement between the State of Texas and the City of Plano.  Funds will be distributed from the Regional Toll Revenue (RTR) SH 121 Subaccount in the amount of $900,000 and shall be applied to construction costs for the Park Boulevard Corridor project.

 

 Approval of this item will support the City's Strategic Plan Critical Success Factor of being an Excellent, Innovative, and Accountable City Government. 

ATTACHMENTS:
DescriptionUpload DateType
Agreement3/1/2023Agreement
Map3/1/2023Map