Legislation Details

File #: 2024-R-270    Version: 1
Type: Resolution Status: Agenda Ready
File created: 8/5/2024 In control: City Council
On agenda: 1/1/2050 Final action:
Title: A resolution amending the existing resolution 2024-R-196, authorizing the City Manager to execute an Advance Funding Agreement (AFA) with the Texas Department of Transportation (TxDOT) for the Highway Safety Improvement Program (HSIP), which includes traffic signal improvements at the intersection of McPherson Road and Alta Vista Drive. The project has been awarded federal funds and the City of Laredo shall cover any cost overruns including direct state costs in the estimated amount of $25,000.00 Funding is available in the General Fund-Traffic Department.
Attachments: 1. Advanced Funding Agreement, 2. Resolution 2024-R-270
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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SUBJECT

title

A resolution amending the existing resolution 2024-R-196, authorizing the City Manager to execute an Advance Funding Agreement (AFA) with the Texas Department of Transportation (TxDOT) for the Highway Safety Improvement Program (HSIP), which includes traffic signal improvements at the intersection of McPherson Road and Alta Vista Drive. The project has been awarded federal funds and the City of Laredo shall cover any cost overruns including direct state costs in the estimated amount of $25,000.00 Funding is available in the General Fund-Traffic Department.

 

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PREVIOUS COUNCIL ACTION

None.

 

BACKGROUND

Project Budget.

COMMITTEE RECOMMENDATION

None.

 

STAFF RECOMMENDATION

recommendation

Staff recommends approval to execute an Advance Funding Agreement with the Texas Department of Transportation.

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Fiscal Impact

 

Fiscal Year:                                                                                                          2024

Budgeted Y/N?:                                                                                    Yes.

Source of Funds:                                                                                     Traffic Division General Fund.

Account #:                                                                                                          101-2611-523-5512

Change Order: Exceeds 25% Y/N:                      N/A

 

FINANCIAL IMPACT:

Funds are available in the Traffic Division General Fund.