Title
Consider a resolution approving the action of the Round Rock Transportation and Economic Development Corporation in amending the Transportation Capital Improvement Program (TCIP).
Body
This amendment to the Transportation Capital Improvement Program includes the following:
New Projects:
1) Arterial H Utility Reimbursement, $300,000 for right-of-way.
2) Downtown Improvements Project, $120,000 for infrastructure planning.
3) Gander Mountain Way, $100,000 for plan development.
Project Decreases:
1) Creek Bend Boulevard, budget reduction of $3,500,000, using funds on projects about to be bid for construction ($1,300,000 transfered to Chisholm Trail Phase 3).
2) CR 113/Kiphen Road/Old Settlers Boulevard, budget reduction of $268,759, project closed out.
3) FM 1460/A.W. Grimes Boulevard, budget reduction of $256,782, project closed out.
4) Arterial A/Kenney Fort Boulevard, budget reduction of $1,000,000, project nearing completion.
5) FM 3406, budget reduction of $1,500,000, project funded out of remaining General Obligation Bonds.
6) Southwest Downtown Projects 2,3 and 7, reduce budget $17,251, project closed out.
7) IH 35 Ramp Reversals, reduce budget by $7,200,000, seeking funding from state or Federal Highway Administration for this project.
8) 2012-2016 Street Maintenance, reduce budget by $4,302,825, to focus on more local street improvements.
9) S. Mays at Gattis, reduce budget by $175,210, to cover actual contracted engineering costs (funds were transfered to bottlenecks).
Project Increases:
1) Bottlenecks, budget increase of $675,210, to fund construction of bottleneck projects throughout the community.
2) Cypress Boulevard, increase budget by $1,400,000, higher than expected estimated construction costs.
3) University Boulevard, increase budget by $750,000, to complete design work for the project.
4) Mays Street Reconstruction, increase budget by $4,000,000, to cover increased construction costs.
5) Southwest Downtown Phase 4, increase budget by $3,000,000, to cover increased construction costs.
6) Consulting, increase budget by $150,000, to cover future planning activities.
7) Quiet Zones, increase budget by $2,000,000, to pay for construction of the project.
8) Arterial Sidewalks, increase budget by $150,000, to add sidewalks along South Mays Street.
9) Chisholm Trail Phase 3, increase budget by $1,300,000 from for additional construction costs.
These amendments to the TCIP result in a net reduction to the overall TCIP budget of -$4,275,617.
Recommended Action
Staff recommends approval.