06-09-08 Special Called Meeting of the La Porte Development Corporation Board of Directors

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REQUEST FOR CITY COUNCIL AGENDA ITEl\1 Agenda Date Requested: Jun Appropriation Requested By: Source of Funds: Fund 038 Department: Acc't Number: Report: _Resolution: _Ordinance: X Amount Budgeted: Exhibits: Amended Project Cooperation Agreement Amount Requested: 308,161 Exhibits: Bud eted Item: YES NO X SU~1ARY & RECOM.l\1ENDATION Earlier in the year City Council approved a Project Cooperation Agreement with the Texas General Land Office (TGLO) to partially fund the Sylvan Beach Shoreline Protection and Beach Nowishment Project through the Coastal Erosion Planning and Response Act (CEPRA). The engineering firm that designed and is administering the project for the state has submitted an estimated cost of construction of $3.2 million to fund the project. That estimate exceeds the proposed budget of $2.5 million that is currently allocated for the project under the current agreement. In order for the state to approve the project for letting, sufficient funding nmst be in p lace to meet the estimated cost. The Texas General Land Office has proposed an amendment to the Agreement that V\-ill increase the project funding to $3,583,333 which will be sufficient to allow for bidding, plus some surplus funding for contingency, if needed. With this amendment to the agreement, TGLO has added $750,000 of state money to the project, and increased their share to 60% which reduces our share for the local match from 45% to 40% from $1,125,172, to $1,433,333, or an additional $308,161 for the project. Harris County has executed their agreement to pay up to $600,000 as their match for the project. The additional funding required to make the project happen is $270,747. This is available through the La Porte Economic Development Board funds, and the board has agreed to participate in the project. Please note that all the funding discussed at this point are estimates. Weare committing funds for 40% of the actual project costs, not the estimates; so we won't know how much the beach restoration and shoreline protection wI11 actually cost until after the project is let, and bids are received This amendment guarantees up to $750,000 additional funds from the Texas General Land Office, and our additional $308,161, if needed Staff reconnnends approval of the amendment to the Project Cooperation Agreement to protect the Sylvan Beach Park shoreline from future deterioration and to restore the historic beach to Sylvan Beach. This project will have a tremendous positive recreational as well as economic impact on our city. Action ReQuired bv Council: Consider approval of: AN ORDINA.,~CE APPROVING ANTI AUTHORIZING A.,~ AME"NTIMENT TO THE PROJECT COOPERATION AGREEMENT BETWEEN THE CITY OF LA PORTE AND THE TEXAS GENERAL LAND OFFICE TO PROVIDE CONSTRUCTION, CONSTRUCTION MONITORING, AND ADMINISTRATIVE SERVICES FOR THE Sl"L V A,~ BEACH SHORELThi'E PROTECTION A1"'D BEACH NOtJRISHMENT PROJECT ACCORDING TO THE TERMS OF THE AMENDMENT PROVIDED. Aooroved for Otv Council A2:enda Date Ron Bottoms, City Manager