Agenda Item Description
Authorize the (1) acceptance of a grant from the U.S. Department of Transportation Federal Highway Administration through the Texas Department of Transportation (TxDOT) for the Surface Transportation Block Grant (STBG) Program (Agreement No. CSJ 0918 24 310, Assistance Listing No. 20.205) in the amount of $1,775,000.00 as federal participation in the total project cost of $1,902,797.00, which includes $1,739,500.00 in Federal reimbursement, $35,500.00 as Federal participation for direct state cost, $110,047.00 as State participation for indirect state cost, and $17,750.00 for direct state cost paid to TxDOT, plus the use of 355,000 regional Transportation Development Credits as local participation, excluding any cost overruns, for right of way and construction costs to construct an additional lane on the southbound Dallas Parkway, starting at the Dallas North Tollway (DNT) Extension Ramp and create a right turn lane at the intersection of southbound Dallas Parkway and Frankford Road; enhance the geometric design of northbound Dallas Parkway at Frankford Road through the installation of a protective barrier and upgrades to pedestrian infrastructure in the city of Dallas; (2) establishment of appropriations in the amount of $1,739,500.00 in the TxDOT STBG Frankford at DNT Dallas Parkway Grant Fund; (3) receipt and deposit of funds in the amount of $1,739,500.00 into the TxDOT STBG Frankford at DNT Dallas Parkway Grant Fund; (4) required local match in the amount of $17,750.00; and (5) execution of the Advance Funding Agreement with TxDOT and all terms, conditions, and documents required by the agreement Total amount of $1,757,250.00 Financing: TxDOT STBG Frankford at DNT Dallas Parkway Grant Fund ($1,739,500.00) and General Fund ($17,750.00)
