On February 16, 2016, (M&C C-27627) the City Council authorized execution of Amendment No. 1 to the Funding Agreement with the Texas Department of Transportation (City Secretary Contract No. 43373) in the amount of $13,978,372.00, of which City participation was $4,033,064.00, to incorporate the construction phase of the Chapel Creek Boulevard Bridge over IH-30. Payment to TxDOT in the amount of $3,244,048.00 was also authorized.
These three change orders compensate TxDOT's contractor, J.D. Abrams, L.P., for delay claims resulting from utility relocation issues by AT&T, Charter, and Oncor which delayed the start of construction by 4 months.
The completion of this project will have no significant impact on the general fund operating budget.
Funding for these change orders is being provided from the 2014 Capital Improvement Program.
A portion of this project will include 2014 Bond Funds. Available resources within the General Fund will be used to provide interim financing for these expenses until debt is issued. Once debt associated with this project is sold, bond proceeds will reimburse the General Fund in accordance with the statement expressing official intent to reimburse, that was adopted as part of the ordinance canvassing the bond election (Ordinance No. 21241-05-2014) and subsequent actions taken by the Mayor and City Council.
The project is in COUNCIL DISTRICT 3.
This contract will be with a governmental entity, state agency or public institution of higher education: (Texas Department of Transportation TxDOT).