Title
RESOLUTION R-1415-66: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, AND THE NORMAN TAX INCREMENT FINANCE AUTHORITY APPROPRIATING $4,000 FROM THE NORTH PARK TIF FUND BALANCE TO BE USED FOR ADDITIONAL MATERIAL TESTING IN CONNECTION WITH THE INTERSTATE DRIVE EAST EXTENSION PROJECT.
Body
BACKGROUND: On August 22, 2006, City Council approved Contract No. K-0607-45 by and between the City of Norman and the University Town Center L.L.C., regarding Development Agreement No. 1 for the initial project activities associated with the traffic improvements needed to mitigate the additional traffic generated by the University North Park (UNP) development.
In 2008, the City constructed 0.62 miles of the 1.7 miles of the I-35 frontage road (Interstate Drive East) from Robinson Street to Conference Center Drive. During the design of the Rock Creek Road Overpass in 2008, the bridge was designed to span the future frontage road. On May 7, 2012, City Council approved Development Agreement No. 5 for the UNP Tax Increment Finance (TIF) District which includes funding to complete the frontage road (Interstate Drive East) from Conference Center Drive to 24th Avenue NW. During the summer of 2012, the I-35/Robinson Street Interchange NE Quadrant project tied the I-35/Robinson Street Interchange ramps with the frontage road (Interstate Drive East).
Projects included in Development Agreement No. 5 are:
*??Construction of the I-35/Robinson Street NE Interchange (Completed September 2012)
*??Construction of the intersection of 24th Avenue NW and Legacy Park Drive (Completed January 2013)
*??Construction of Legacy Park (Under Construction)
*??Design of the I-35/Robinson Street West Interchange (Under Design)
*??Construction of the Interstate Drive East Extension (Under Construction)
Contract K-1314-114, the construction contract with Silver Star Construction Company, Inc. of Moore, Oklahoma for the Interstate Drive East Extension was approved by...
Click here for full text