(CD 8) Adopt Resolution Authorizing Execution of an Advance Funding Agreement with the Texas Department of Transportation in the Amount Up to $10,256,970.00, with Federal Participation in the Amount Up to $9,300,000.00, State Participation in the Amount Up to $491,970.00, and Local Participation in the Form of Transportation Development Credits in the Amount of $1,860,000 and City Funds in the Amount of $465,000.00 for the Everman Parkway Safe Streets Project Plus Any Cost Overruns for Construction, Adopt Appropriation Ordinances, and Amend the Fiscal Years 2026-2030 Capital Improvement Program (2022 Bond Program)

Summary

The City Council is set to adopt a resolution authorizing an Advance Funding Agreement (AFA) with the Texas Department of Transportation (TxDOT) for the Everman Parkway Safe Streets Project. The total project cost is up to $10,256,970.00. Funding includes $9,300,000.00 from federal sources, $491,970.00 from the state, $1,860,000.00 in Transportation Development Credits (TDCs), and $465,000.00 in City funds. This agreement also involves adopting appropriation ordinances and amending the Fiscal Years 2026-2030 Capital Improvement Program (2022 Bond Program). The project scope includes constructing a 10-foot cycle track, a 5-foot bike lane, sharrows, and sidewalks along Oak Grove Road, Everman Parkway, Shelby Road, Dan Meyer Drive, Townley Drive, and South Race Street. The project aims to improve safety and multi-modal mobility, connecting four schools. Construction is scheduled to begin in October 2027, and the City of Fort Worth will manage the project, including funding any cost overruns. The project is located in Council District 8.

Citizen Impact

Residents can expect improved safety and accessibility for pedestrians and cyclists along Everman Parkway and surrounding streets, with new infrastructure like cycle tracks and sidewalks. The project is funded through a mix of federal, state, and local sources, including the 2022 Bond Program, with no direct new tax increase mentioned for this specific funding action.

Confidence

high