Item 42 — Thursday, May 22, 2025

Current official agenda wording

Approve a resolution authorizing negotiation and execution of an advance funding agreement with the Texas Department of Transportation for the City’s commitment to fund up to $265,000,000 for cap and stitch roadway elements to be integrated into the IH-35 Capital Express Central Project letting package. Funding: $41,000,000 is available in the Capital Budget of the Transportation and Public Works Department from a State Infrastructure Bank financial assistance loan and up to $224,000,000 from tax-exempt Certificates of Obligation that are expected to be issued on or after August 2025. The availability of these funds is contingent upon the finalization of the loan and appropriation and issuance of Certificates of Obligation. The City will be responsible for covering any cost overruns. Related to Items #41 and #43