Title
Consider a resolution amending the Transportation Capital Improvement Program (TCIP).
Body
The Transportation Capital Improvement Program is a multi-year program for improvements to major roads and arterials in the City. Funding for this plan is provided through the 1/2 cent sales tax established for the purpose of transportation system improvements that support economic development. Proposed changes to the program include:
1) Add $1,000,000 to the Traffic Signal program, for installation of future signals throughout the city;
2) Add $1,000,000 to the Arterial Improvement Program (AKA Bottleneck Program), for future bottleneck projects throughout the city;
3) Add $17,843 to the Southwest Downtown San Saba/Liberty project to cover final project costs;
4) Shift $114,833 from the University Boulevard project to the Cypress Boulevard project to cover costs associated with an Atmos gas line relocation;
5) Add $750,000 to the Kenney Fort Segment 4 project for right-of-way acquisition costs;
6) Add $12,412 to the Southwest Downtown Phase 5A project related to the consolidation of the former Southwest Downtown and Mays Street projects;
7) Create a new project, Kenney Fort Boulevard Segments 2 & 3 with an initial budget of $1,500,000;
8) Create a new project, Bagdad Extension (which includes a realignment of McNeil Road across the former Builder's Gypsum property), with an initial budget of $7,500,000;
9) Create a new project, Southwest Downtown Phase 5B, with an initial Type B budget of $5,118,831. This project has also been awarded federal funding in the amount of $1,156,169, for a total budget of $6,275,000.
10) Create a new project, SH 45 Frontage Roads, with an initial budget of $500,000.
11) Create a new project, Gattis School Road Segment 6, with an initial budget of $1,000,000.
The proposed net budget amendment totals $18,399,086.
Recommended Action
Staff recommends approval.