File #: R-1819-98    Version: 1 Name: 24th Avenue East Deferral Funds Acceptance
Type: Resolution Status: Passed
File created: 3/19/2019 In control: City Council
On agenda: 4/9/2019 Final action: 4/9/2019
Title: RESOLUTION R-1819-98: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, DEPOSITING DEFERRAL FUNDS TOTALING $118,301.50 PAID BY THE DEVELOPERS OF ALAMEDA PARK ADDITION, SECTION III, ROYAL OAKS ADDITION NO. 8 AND ROYAL OAKS ADDITION NO. 9 AND APPROPRIATING THOSE FUNDS TO THE PROJECT ACCOUNT TO BE USED FOR 24TH AVENUE EAST WIDENING PROJECT FROM LINDSEY STREET TO ROBINSON STREET.
Attachments: 1. Text File, 2. R-1819-98
Title
RESOLUTION R-1819-98: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, DEPOSITING DEFERRAL FUNDS TOTALING $118,301.50 PAID BY THE DEVELOPERS OF ALAMEDA PARK ADDITION, SECTION III, ROYAL OAKS ADDITION NO. 8 AND ROYAL OAKS ADDITION NO. 9 AND APPROPRIATING THOSE FUNDS TO THE PROJECT ACCOUNT TO BE USED FOR 24TH AVENUE EAST WIDENING PROJECT FROM LINDSEY STREET TO ROBINSON STREET.

Body
BACKGROUND: On November 22, 2011, the Norman City Council approved Programming Resolution R-1112-62, requesting federal funds for the 24th Avenue East Bond Project. This resolution states the City's commitment to adhere to the terms and conditions of a federally funded project including engineering design, acquisition of all necessary rights-of-way and relocation of utilities and encroachments at 100% the City's cost. In return, the Association of Central Oklahoma Governments (ACOG), through the Oklahoma Department of Transportation (ODOT), agrees to provide 80% of the construction cost, estimated at $7,831,000, and administration of the construction with the matching share from the City of Norman.

On August 28, 2012, the citizens of Norman voted in favor of a General Obligation Bond Issue to finance the local share of eight transportation/stormwater improvement projects. One of the eight 2012 bond projects is the 24th Avenue East Bond Project (please see the attached location map showing the project boundaries). The total estimated project cost including design, utility relocations, right-of-way, construction and construction management is $15,388,000. The City's share is estimated to be $7,518,000.

Proposed improvements for the 24th Avenue East Bond Project include:
* Widen two miles of roadway from two lanes to four lanes
* Intersection improvements at 24th Avenue East/Meadowood Boulevard and 24th Avenue East /Robinson Street
* Interconnect traffic signals on 24th Avenue East from Lindsey Street to Robinson Street
* Continuous sidewalks and accessibility
*...

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