BACKGROUND/DISCUSSION:
On April 6, 2021, approved a Developer Agreement with Fuel City Saginaw, LLC (Fuel City) to fund Subsurface Utility Engineering the FM 156 (Blue Mound Road) and Industrial Avenue intersection (Project). Fuel City led an effort to secure authorization of the Project through the Texas Department of Transportation (TxDOT) to improve the intersection of FM 156 and Industrial Avenue. The project was funded through the North Central Texas Council of Governments COVID-19 #00X Infrastructure Program. The City of Saginaw is taking the lead as the Local Sponsor although Fuel City, City of Fort Worth, Tarrant County and potentially the City of Blue Mound will be participants requiring one or more Development Agreements and Inter-Local Agreements (ILA’s) for the phases of work.
The Advance Funding Agreement for Surface Transportation Block Grant and Local Contribution/Participation with the Texas Department of Transportation (AFA) will cover the Design and Environmental phases of the work. Subsequent amendments will cover detailed utility clearance and construction phases.
Amendment #1 to the Development Agreement with Fuel City, being considered as a separate agenda item, will assign the costs of the design and environmental identified in the AFA to Fuel City.
FINANCIAL IMPACT:
NA
RECOMMENDATION:
It is recommended that the City Council adopt Resolution No. 2021-23 and authorize the execution of Advance Funding Agreement for Surface Transportation Block Grant and Local Contribution/Participation.