TITLE
Consider a Memorandum of Understanding and Agreement with Killeen Economic Development Corporation in the amount of $300,000 for the Downtown Improvements, Phase II project.
SUMMARY
AGENDA ITEM
AUTHORIZE A MEMORANDUM OF UNDERSTANDING AND AGREEMENT WITH THE KILLEEN ECONOMIC DEVELOPMENT CORPORATION FOR THE DOWNTOWN IMPROVEMENTS, PHASE II PROJECT
ORIGINATING DEPARTMENT
PUBLIC WORKS - TRANSPORTATION DIVISION
BACKGROUND INFORMATION
On May 29, 2012, the City Council passed a resolution authorizing the award of a construction contract bid for the Downtown Streetscaping and Andy K. Wells Trail Extension project (CCM/R 12-015R). This first phase of Downtown Improvements was substantially completed in early 2014.
On January 2, 2014, the Killeen Economic Development Corporation (KEDC), approved a Performance Agreement with Solix, Inc. to lease a building at 402 East Avenue D, which will serve as a customer care center and will include call center operations. As part of that agreement, the KEDC will pay the City of Killeen for a portion of the Downtown Improvements, Phase II project to extend Avenue D two blocks east to 10th Street and improve drainage on 10th Street (the "Project").
DISCUSSION/CONCLUSION
The attached Memorandum of Understanding and Agreement proposes a that the City accept the amount of $300,000 as the contributing portion from the KEDC for the project, which includes streetscaping improvements on Avenue D and drainage improvements along 10th Street.
The Project budget estimates a total project cost of $1,624,877, with $1,404,367 being the estimated construction project costs. The City will provide funding for this expenditure and the KEDC will advance $300,000 towards the total Project costs.
As indicated by a separate resolution and budget amendment ordinance being proposed, the proposed engineering contract submitted by Walker Partners, L.L.C., in the amount of $220,510, provides engineering ser...
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