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HomeMy WebLinkAbout72-08 RESOLUTIONRESOLUTION NO. 72-08 A RESOLUTION APPROVING THE USE OF EXISTING TRANSPORTATION BOND PROGRAM FUNDS TO PROCEED WITH THE VAN ASCHE BOULEVARD EXTENSION TO THE WEST OF GREGG AVENUE UPON FORMAL ACCEPTANCE OF AN ANNEXATION FROM THE ADJOINING PROPERTY OWNER WG LAND COMPANY LIMITED PARTNERSHIP. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas hereby approves the use of existing Transportation Bond Program funds to proceed with the Van Asche Boulevard Extension to the west of Gregg Avenue. Section 2. That this project shall not proceed until such time as the adjoining property, owned by WG Land Company Limited Partnership, is formally annexed into the City of Fayetteville . PASSED and APPROVED this 18th day of March, 2008. By: DAN COODY, Mayor ATTEST. By: SONDRA E. SMITH, City Clerk/Treasurer Q,dlukt , Ron Petrie Submitted By City of Fayetteville Staff Review Form City Council Agenda Items or Contracts 3/18/2008 City Council Meeting Date Engineering Division Action Required: 303/09 -7Z-D� -77-2M too/44m ono/ ralvi Operations Department A resolution to utilize existing Transportation Bond Program funds to proceed with the Van Asche Extension Boulevard extension to the west of Gregg Avenue upon acceptance of an annexation from the adjoining property owned by WG Land Company Limited Partnership. Cost of this request 4520.9520.5809.00 Account Number 06035 24,496,473.00 Category / Project Budget 5,002,640.36 Funds Used to Date $ 19,493,832.64 Project Number Remaining Balance Budgeted Item X Budget Adjustment Attached Van Asche Boulevard Program Category! Project Name Street Improvements Program / Project Category Name 2006A Sales Tax Construction Fund Name --11-0(2) Department 'rector C9 . cj City Attorney '-Pai. a. 9 -- Finance and IAternal Service Director Mayor Comments: Date 31 108' Date 3-It-or Date Date Previous Ordinance or Resolution # Original Contract Date: Original Contract Number: City Council Meeting of March 18, 2008 CITY COUNCIL AGENDA MEMO To: Mayor and City Council Thru: Gary Dumas, Director of Operations From: Ron Petrie, City Engineer Date: March 11, 2008 Subject: A resolution to utilize existing Transportation Bond Program funds to proceed with the Van Asche Extension project to the west of Gregg Avenue upon acceptance of an annexation from the adjoining property owned by WG Land Company Limited Partnership. RECOMMENDATION: The City Council's Street Committee and staff recommend approval of this resolution to proceed with Van Asche Extension project utilizing Transportation Bond proceeds as soon as the adjoining property owned by WG Land Company Limited Partnership is annexed into the City of Fayetteville. BACKGROUND: On May 15, 2007 the City Council approved a resolution to recommend three projects to be constructed with the funds made available through the Fayetteville Expressway Economic Development Corridor Congressional earmark: A. FULBRIGHT EXPRESSWAY/COLLEGE AVENUE INTERCHANGE: Construction of a grade separated flyover for northbound traffic on College to access the westbound traffic movement on Fulbright Expressway including a connection to Mall Avenue; Estimated cost is $3.8 million. B. GREGG STREET INTERCHANGE: Construction of an additional off -ramp lane at North Hills Boulevard and the replacement of the existing four-way intersection of Futrall and North Hills with a traffic circle; Estimated cost is $1.5 million. C. WESTERN STUDY AREA: Construction of one-half (two lanes) of Van Asche Boulevard from Gregg Street to Garland Avenue (AR Hwy. 112); Estimated cost is $4.0 million. As discussed on numerous occasions, the project in the Westem Study Area to extend Van Asche Boulevard from Gregg Avenue to Garland Avenue was determined by the FHWA to be ineligible for reimbursement by the federal funds. This project has remained a high priority for Mayor Coody in order to improve access to the shopping and 1 City Council Meeting of March 18, 2008 healthcare center of the City and create new opportunities for additional retail and commercial expansion. DISCUSSION: The relocated Van Asche Extension is immediately adjacent to the Fayetteville City Limit. The Street Committee and members of the City Council have expressed concern about expending $4 to $8 million for a street improvement which would not be for the benefit of Fayetteville taxpayers. For that reason, discussions have occurred with the owners of the property crossed by the relocated Van Asche Extension, seeking their commitment to annex into Fayetteville. Attached is their commitment to do so with some land use and zoning stipulations that appear very reasonable and a request for a commitment from Fayetteville to build the new Van Asche Extension as quickly as possible. If the City Council desires to proceed with this project, the following is a proposal for financing the project at this time: 1. Delay the widening project of 15`h Street until 2012 at the latest. This would provide $2,215,000 in funds that would be immediately available. The 15th Street project could then be funded through the $8.8 million dollars that were allocated as cost shares in the Transportation Bond Program. These funds will become available in 2012. 2. Utilize $570,000.00 in available bond funding that was unallocated in the 2009- 2012 bond issuance. The program chart that was supplied to the Street Committee in May of 2007 showed a total of available funds for 2006-2012 of $33,496,473 assuming a 0% growth rate in sales tax and a total expenditure in the amount of $32,926,196. See attached chart. 3. Utilize $785,000.00 in program savings based on bid openings below estimates for the Zion Road widening Project, Gregg/North Street Intersection improvements, and Wilson Park Traffic Calming project. 4. Utilize internal design and construction management from the City Engineering Division. 5. Study and develop actual project concepts and cost estimates. Significant savings from the Carter & Burgess estimates may be realized by deducting the portion of Van Asche that has recently been constructed to the west of Gregg Avenue. Also, this phase of the project should be studied to determine the feasibility of terminating the project on the east side of I-540. On March 10, 2008 the Street Committee voted unanimously to forward this item to the full City Council with a recommendation of approval. 2 City Council Meeting of March 18, 2008 BUDGET IMPACT: This resolution will not encumber any funds at this time. The City currently has $19,493,832.64 of unencumbered funds remaining in this phase of the Transportation Bond Program issuance. 3 RESOLUTION NO. A RESOLUTION APPROVING THE USE OF EXISTING TRANSPORTATION BOND PROGRAM FUNDS TO PROCEED WITH THE VAN ASCHE BOULEVARD EXTENSION TO THE WEST OF GREGG AVENUE UPON FORMAL ACCEPTANCE OF AN ANNEXATION FROM THE ADJOINING PROPERTY OWNER WG LAND COMPANY LIMITED PARTNERSHIP. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas hereby approves the use of existing Transportation Bond Program funds to proceed with the Van Asche Boulevard Extension to the west of Gregg Avenue. Section 2. That this project shall not proceed until such time as the adjoining property, owned by WG Land Company Limited Partnership, is formally annexed into the City of Fayetteville . PASSED and APPROVED this 18th day of March, 2008. APPROVED: ATTEST: By: By: DAN COODY, Mayor SONDRA E. SMITH, City Clerk/Treasurer March 4, 2008 Mr. Gary Dumas Director of Operations City -of Fayetteville Fayetteville, Arkansas 72701 Re: Van Asche Rd. Extension Dear Mr. Dumas: Please be advised that our family has agreed to Annex all property north of Van Asche Rd. Extension to the City of Fayetteville subject to the commitment to build this road ASAP. Once this road is funded and scheduled for construction, we will start the de - annexation process thru the City of Johnson. As a consideration, we only ask that the City of Fayetteville bring in the northern most acreage (hilltop) which covers the underground cavern at an Industrial Zoning Classification suitable for warehousing and cold storage. We will assume that the other acreage will be brought in as Commercial. It should be futher understood that there will be no change whatsoever in the current Farmland Zoning Classification up and until, actual development and construction of improvements is undertaken Thank you for your assistance in this matter. We will look forward to being notified when the road will be funded and constructed and as result, we will start the de - annexation process accordingly. Cordially yours, WG LAND COMPANY LTD. PARTNERSHIP Robert G. Whitfield 2 0 0 8 0 ia0 Eo 4a m 069 ' 0 1' 0v1pp Oh O 0 h w wm I CO Of a 0 0{0.1 f0 04 0 ..fimn W 0 « O st co 01 n Q 0 co co I Issue W $3,077,000 Do 0 CD f1'l W l�'1 app NI W $7,700,000 $5,195,000 0o 0Wo Q al 4l 00 0 N N V9•61; CIO OOi wO 01_ cr. w 0000 CIO. v• CI 31w Q op W 0 ci GODS t0 4! 0i 0 le 100 Oi K I- I- C 00000000. 00000000 004949490000 6919 50 50 0 N in 0 0 58,587,9001 0 m m N N HI M - O 0. 0 Oct. 201 W 49 49 t9 K Expenditures by Bond Oct. 2009•Sept. 2012 00000 49 49 19 0 0 0 0 0 0 0 0 a49r a 50 $2,215,000 OHO 0 O p- 0 O N W - 0 w $O $0 49 49 01 CO 17 N $32,926,196 h 69 K Oct 2006•Sept 2009 O 04 N w $1,200,000 1 0 q 0 N N 4!69 W N•- $8,921,118 $1,914,962 0000 X94- N6� 1949 t.• 0 01 $20,612,314 1 from Oct 2006 to Sept 2012 Improvements _ irovements _. E gad" lopment Corridor 718 to Vantagel auisitionlCost Sharing o low Area Transports" 'Mission to City LI (North St. to Melmar Dr.) Huntsville Avenue (Hanoi, Hollow to Stonebridge) BMA Technology Corridorl Improvements (Rock to Maple) ge' Hollow to S. Collet s& to Howard Nickell] lc Deve 0 E a 0 -E o t0° PROJECTED EXPENDI Garland Avenue (Still g £ a Springs Ro ssover Road land Avenue Reenth Street( R Mount Comfort Fayetteville Exor 0 rc a 1]• a I ,• m a 6 - d uoi N tos Right o1 11 a E a3o O 0 O u 2 0 0 8 0 ia0 Eo 4a m 069 ' 0 1' 0v1pp Oh O 0 h w wm I CO Of a 0 0{0.1 f0 04 0 ..fimn W 0 « O st co 01 n Q 0 co co 3.21.08 Clarice Pearman - Res. 72-08 Page 1 From: Clarice Pearman To: Petrie, Ron Date: 3.21.08 3:40 PM Subject: Res 72-08 Attachments: 72-08 Transportation Bond Program Funds.pdf CC: Audit Ron: Attached is a copy of the above resolution passed by City Council. Please let me know if there is anything else needed for this item. Have a good one. Thanks. Clarice Clarice Buffalohead-Pearman, C.A.M.C., C.M.C. City Clerk/Treasurer Division 113 West Mountain Fayetteville, AR 72701 479-575-8309 cpearman@cilayetteville.ar.us