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			7.30.
Regular City Council Meeting
Meeting Date: 09/14/2021
Information
Agenda Item
Resolution - Gateway Streets: Consider a resolution amending the Gateway Street Projects Fund to expand the qualifying roadway projects for Arterial Roadways in order to enlarge existing roadways to increase capacity, to rebuild existing roadways to improve safety, or to construct new roadways on unimproved Arterial sections.
Item Summary
On February 19, 2004, the City Council adopted Resolution No. 2004-R0099 establishing the Gateway Street Projects Fund, in order to provide a source of construction funding for street projects designed to spur development, growth, and redevelopment in Lubbock. The resolution set forth a dedicated revenue source of 40% of the franchise fees, or access line fees paid by outside utilities and Lubbock Power and Light, beginning with the Fiscal Year 2004-05 Adopted Budget. The City Council previously discussed the structure and purpose of the Gateway Street Projects Fund, including the dedicated revenue sources and the allowable project expenditures, on October 27, 2020, November 12, 2020, November 17, 2020, February 9, 2021, and February 23, 2021.  As directed by the City Council, this resolution directs appropriation of the Gateway funds for construction of Arterial Roadway projects that increase capacity to reduce congestion and accommodate anticipated growth, rebuild existing arterial roadways to improve safety and schematics to meet current engineering design standards, and construct new roadways on unimproved arterial sections.
Fiscal Impact
None
Staff/Board Recommending
Jesica McEachern, Assistant City Manager
Attachments Resolution

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