File #: 2025-R-70    Version: 1
Type: Resolution Status: Agenda Ready
File created: 2/20/2025 In control: City Council
On agenda: 5/5/2025 Final action:
Title: A Resolution 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 McPherson Road Corridor. The project has been awarded federal funds in the amount of $411,057.88 and the City of Laredo shall cover any cost overruns including direct state costs in the estimated amount of $12,500.00 Funds are available in General Fund-Traffic Division.
Attachments: 1. Resolution 2025-R-70, 2. Advance Funding Agreement
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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SUBJECT

title

A Resolution 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 McPherson Road Corridor. The project has been awarded federal funds in the amount of $411,057.88 and the City of Laredo shall cover any cost overruns including direct state costs in the estimated amount of $12,500.00 Funds are available in General Fund-Traffic Division.

 

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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:                                                                                                          2025

Budgeted Y/N?:                                                                                    Yes.

Source of Funds:                                                                                     Traffic Division General Fund.

Account #:                                                                                                          101-2262-513-2018

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

 

FINANCIAL IMPACT:

Funds are available in the Traffic Division General Fund.