Agenda

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City Council Regular Meeting

Meeting Date:

10/25/2022

BACKGROUND

The City of Schertz and City of Selma have partnered to accelerate the development of signalization of Lookout Road and Schertz Parkway. The Schertz Economic Development Corporation (SECD) Board of Directors and City Council have allocated funding for the redevelopment of Lookout Rd and associated improvements in the SEDC FY 2022-2023 Annual Budget. The attached SEDC Resolution 2022-13 recommends approval of funds for the design of signalization of the intersection of Schertz Parkway and Lookout Rd. in support of Interlocal Agreement with Selma (Resolution 22-R-116).

The attached funding agreement outlines the partnership with the City of Schertz in support of its Interlocal Agreement with the City of Selma and in general accordance with the MOU adopted on by the SEDC Board of Directors on September 29, 2022 and forward for City Council consideration as Resolution No. 22-R-112.

The City of Schertz is designating the SEDC as its fiscal agent for the performance-related elements of this Interlocal Agreement. The SEDC is not a governmental entity and cannot be a direct party to an interlocal agreement and is acting only as fiscal agent for receipt of Selma’s contribution for the project.

GOAL

Authorize funding for design of the Project from the SEDC FY 2023 Annual Adopted Budget and in accordance with the MOU between the SEDC and the City of Schertz. The SEDC will consider a final funding agreement for this project once full design and estimated costs, or bid costs are available depending on which is most efficient with respect to the timely completion of the project.

COMMUNITY BENEFIT

This agreement enhances the traffic safety in the industrial park and funds a cost-sharing partnership between the City of Schertz and the City of Selma through the allocation of funding from the SEDC FY 2022-2023 Budget.

SUMMARY OF RECOMMENDED ACTION

This action authorizes funding allocated in the annual SEDC FY 2022-2023 Annual Budget for the design of signalization at the intersection of Schertz Parkway and Lookout Road in an amount not to exceed $90,000.

FISCAL IMPACT

This funding agreement will authorize an amount not to exceed $90,000 for scoping costs associated with the signalization of Schertz Parkway and Lookout Road budgeted in the SEDC FY 2022-2023 Adopted Annual Budget.

RECOMMENDATION

Staff recommends approval of City Council Resolution 22-R-113.

Attachments
CC Resolution 22-R-113
SEDC Resolution 2022-13
Funding Agreement Schertz Pkwy Signalization