SUBJECT
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A resolution authorizing the City Manager to execute an Interlocal Agreement between the City of Laredo and the Webb County-City of Laredo Regional Mobility Authority (WC-CL RMA) for Concord Hills Alignment Project. The WC-CL RMA will be participating with funding for the project in the amount not to exceed $1,000,000.00 plus an additional $325,000.00 from the Webb County Drainage District No. 1 for a total amount of $1,325,000.00 to develop and construct a 1.3-mile extension of Concord Hills Boulevard from Los Presidentes Avenue to the Wormser Road/ Lomas Del Sur Boulevard Extension. Funding is available in the 2022 Certificate of Obligation Bond.
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PREVIOUS COUNCIL ACTION
On August 10, 2022, City Council approved a motion to allocate $3,895,000.00 towards the construction of Concord Hills Boulevard from Los Presidentes Avenue to the Wormser Road/ Lomas Del Sur Boulevard Extension as part of the budget workshop.
BACKGROUND
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COMMITTEE RECOMMENDATION
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STAFF RECOMMENDATION
recommendation
Approval of this motion.
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Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: Y
Source of Funds: 2022 CO Bond
Account #: 475-9853-535-9301
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
Funding is available in the 2022 Certificate of Obligation Bond.
Account #475-9853-535-9301 - project #TP2307