Agenda

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City Council Regular Meeting

Meeting Date:

01/07/2020

BACKGROUND

This item was discussed at the August 22, 2019, SEDC Board meeting as a short-term Project in the forecast planning of the SEDC reserves. Tri County Parkway is a major collector that supports our primary job employers and commercial businesses and Tri County Parkway, Lookout Road between Tri County Parkway and Doerr Lane, and the intersection at FM 3009 and Tri County Parkway (“Tri County Parkway & Intersection”) are in significant need of repair to ensure future private investment within the City of Schertz.

The Tri County Parkway & Intersection Project is anticipated to cost $4,050,000.00. The SEDC identified this project because it: supports our existing primary job employers and encourages future investment; it addresses a top issue identified by our primary job employers, and helps the City to catch-up on its Street Preservation And Maintenance Program so that future City funding can be directed to other streets throughout the industrial park. The SEDC will transfer funds to City of Schertz. The city will handle all aspects of the project.

Funding will be provided in accordance with Section 501.103 of the Texas Local Government Code that states:
Certain Infrastructure Improvement Projects. In this subtitle, “project” includes expenditures that are found by the board of directors to be required or suitable for infrastructure necessary to promote or develop new or expanded business enterprises, limited to: (1) streets and roads, rail spurs, water and sewer utilities, electric utilities, or gas utilities, drainage, site improvements, and related improvements; (2) telecommunications and Internet improvements; or (3) beach remediation along the Gulf of Mexico.

FISCAL IMPACT
The SEDC will provide up to $4,050,000 for this project. The funds will be transferred to the City and used for qualifying expenses under Section 501.103 of the Texas Local Government Code.

Attachments
Resolution 20-R-03
Map Tri County Pkwy Infrastructure Improvements
Map