SUBJECT: Appropriation of funds for an Advance Funding Agreement between the City of Houston (City) and Texas Department of Transportation (TxDOT) for the Supplemental Transportation Program (International Management District Intersections).
RECOMMENDATION: Adopt an ordinance appropriating $26,000.00 for an Advance Funding Agreement between the City of Houston (City) and the Texas Department of Transportation (TxDOT) for the Supplemental Transportation Program (International Management District Intersections).
SPECIFIC EXPLANATION: The proposed Agreement to be considered under the following agenda item includes compensation to TxDOT for direct costs associated with the Project.
The Department requests appropriation of $26,000.00 to support a payment to TxDOT for these costs.
The City will be reimbursed for all non-federal project costs through an interlocal agreements with the International Management District that will be brought to Council for approval at a future meeting.
FISCAL NOTE: No significant Fiscal Operating Impact is anticipated as a result of this project.
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Randall V. Macchi, JD
Director, Houston Public Works
WBS No. N-MD0320-0001-7; CSJ# 0912-72-829