Resolution - Engineering: Consider a resolution authorizing the Mayor to execute Cost Sharing and Payment Agreement 16181, with Ford Development Corporation, for roadway improvements along Ash Avenue from 66th Street to South Loop 289.
Item Summary
The City Council established Capital Improvement Project (CIP) 92712, Unpaved Roadways, with Budget Amendment Ordinance No. 2021-O0077, and CIP 92484, Substation Upgrades, through Budget Ordinance No. 2021-O0126. Ford Development Corporation is in the process of developing the area adjacent to Ash Avenue. It is the intention that both parties can benefit from significant cost savings, by utilizing the same engineering firm for design of both portions of this corridor. Likewise, the project can expedite construction efforts and avoid duplicate costs, by utilizing a single contractor to complete the project as a whole.
The engineering and construction costs will be divided between the City of Lubbock, LP&L, and Ford Development Corporation, as stipulated in the agreement. The construction portion will follow the City's procurement process and will be bid out and procured by the City. The project will include shared cost for the roadway improvements along Ash Avenue from 66th Street to South Loop 289.
The City of Lubbock and LP&L's contribution will not exceed the appropriated amount of $492,329.
Fiscal Impact
This agreement in the amount of $492,329, will be funded by two sources through CIP 92712 Unpaved Roadways, in the amount of $358,210 and CIP 92484, Substation Upgrades, in the amount of $134,119.