Authorize Execution of an Interlocal Agreement with the Trinity River Authority of Texas in the Amount of $800,000.00, Authorize Execution of Community Facilities Agreement with Riverbend Investment, LTD, with City Participation in the Amount of $800,000.00 for the Construction of a Sewer Line Within Trinity Boulevard, Authorize Execution of a Community Facilities Agreement with Riverbend Investment, LTD, in the Amount of $11,750,000.00, with no City Participation, for the Construction of Trinity Boulevard Roadway Project, Authorize Wavier of the CFA Policy to Allow a Financial Guaranty in the Form of Access to Loan Funds in the Amount of One Hundred Percent of the Costs of Construction and Adopt Appropriation Ordinance (COUNCIL DISTRICT 5)

It is recommended that the City Council:

1.  Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Intergovernmental Contribution Fund up to the amount of $800,000.00 from available funds;

2.  Authorize execution of an Interlocal Agreement and acceptance of funds up to the amount of $800,000.00 from Trinity River Authority of Texas for construction of a sewer line in the Trinity Boulevard roadway project No. (C-02290);

3.  Authorize Execution of a Community Facilities Agreement with Riverbend Investment, LTD, with City participation in the amount of $800,000.00, for the construction of a sewer line within Trinity Boulevard;

4.  Authorize Execution of a Community Facilities Agreement with Riverbend Investment, LTD, in the amount of $11,750,000.00, with no city participation, for the construction of the Trinity Boulevard roadway project No. (C-02290),

5.  Authorize Wavier of the CFA Policy to allow a Financial Guaranty in the form of access to loan funds in the amount of one hundred percent of the costs of construction of the two CFAs.

As part of the upcoming reconstruction of Trinity Boulevard from IH 820 to Salado Trail by Riverbend Investment, LTD, (Developer) under the proposed Community Facilities Agreement (CFA) (Recommendation No. 4), a new portion of sanitary sewer line, owned by the Trinity River Authority of Texas (TRA), within the roadway corridor must be constructed. The TRA has agreed to enter into an Interlocal Agreement with the City, and the City is entering into a CFA with Developer (Recommendation No. 3), for this construction. The construction of the roadway and sewer line is scheduled to start later this year.

Staff is recommending that the City Council authorize a waiver of the CFA Policy for both CFAs to accept a financial guaranty giving the City access to the Developer's loan funds in the amount of one hundred percent of the costs of construction to ensure completion of the projects. The Developer has previously entered into a TIF Agreement regarding the costs of construction for the Trinity Boulevard improvements.

Description	Amount
Design	$0.00
Construction Material, Traffic Control and Incidentals	$694,973.00
Project Management/Inspection/Contingencies, Etc.	$105,027.00
Total Project Budget	$ 800,000.00

  This contract will be with a governmental entity, state agency or public institution of higher education: (Trinity River Authority of Texas).