1991-07-08 Regular Meeting - Laserfiche WebLink

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• . ~ Update: Spencer Highway Reconstruction SDHPT/PASS Program July 2, 1991 Page 2 of 3 Traffic Signal Agreement Continued The City has been requested to execute this agreement and sign the cover sheet (which references this agreement) as soon as practical. The proposed agreement has been circulated to Public Works and Knox Askins for review. Utility Relocation (La Porte Water and Sewer) The SDHPT transmitted the latest project estimate. The current estimate is $562,226.58. The state has agreed to an escrow agreement that provides for the City's participation to be paid in three equal payments of approximately $ 187,409. 1st Payment: Due upon execution of the escrow agreement (estimated to be on or about July 15, 1991). 2nd Payment: Due 90 days after execution of the agreement. 3rd Payment: Due 180 days after execution of the agreement. Note: If the contractor's progress and payment requests exceed this schedule the City may be required to accelerate it's payments. Consideration of the Traffic Signal Agreement (the Project Title Sheet) and consideration of adjustment to FY '90-'91 budget for utility relocation will be placed on Council's July 15, 1991 agenda. The status of the pipeline adjustment and. ,installation of safety lights is as follows: Pipeline Adjustment As noted in earlier memorandum, dated June 4, 1991, the SDHPT has requested execution of an "Agreement to Construction Funds" and $ 43,000: from the City to cover expenses for pipeline relocation. La Porte has asked Harris County Precinct 2 to consider absorbing this expense. Also, the pipeline adjustment is not part of the SDHPT Plans and Specifications. At this point the City is not sure who is contracting with the pipeline companies. This item will be pursued/resolved prior to approving the $ 43,000 for pipeline adjustment.