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AMENDMENT NO. ONE TO CONTRACT K-1516-78: BY AND BETWEEN THE NORMAN TAX INCREMENT FINANCE AUTHORITY AND SMC CONSULTING ENGINEERS, P.C., INCREASING THE CONTRACT AMOUNT BY $4,500 FOR A REVISED CONTRACT AMOUNT OF $45,500 FOR ADDITIONAL ENGINEERING DESIGN SERVICES FOR 24TH AVENUE N.W. AND RADIUS WAY INTERSECTION PROJECT.
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BACKGROUND: On August 22, 2006, City Council approved Development Agreement No. One (Contract K-0607-45) by and between the Norman Tax Increment Finance Authority and the University Town Center L.L.C., for the initial project activities associated with the traffic improvements needed to mitigate the additional traffic generated by the University North Park (UNP) development. Development Agreement No. 1 includes the list of required traffic/transportation improvements for the UNP Development. Among the projects listed are five intersections on 24th Avenue NW. Development Agreement No. 1 addresses the funding of these projects through the University North Park Tax Increment Finance Authority. Approval of the costs associated with this intersection will still be within the maximum $11.55 million authorized for UNP TIF funded traffic and roadway improvements.
The City has constructed four of the five intersections along 24th Avenue NW as listed below:
Mount Williams Drive
Conference Center Drive
Legacy Park Drive
Corporate Center Drive
The fifth and final intersection is Radius Way Drive, which is located half way between Rock Creek Road and Corporate Center Drive. (See the project location map). This intersection will provide access to a multi-family residential development on the east side of 24th Avenue NW and future development on the west side. The intersection will include left turn bays for northbound and southbound traffic, decorative pavement and decorative traffic signal equipment. On November 24, 2015, Council approved Contract K-1516-78 with SMC Consulting Engineers for the design of the intersection.
DISCUSSION: Dur...
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