1988-02-22 Public Hearing and Regular Meeting

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REOUE~ FOR ~ITY COUB~IL AGENDt ~ Agenda Date Requested: Februarv 22,1g88 Requested By: Ross Cox X Report Department: CIP Resolution Ordinance Exhibits: Draft Inter10cal Agreement SUMMARY & RECOMMENDATION Series 1985 General Obligation Bonds were sold in the amount of $1,000,000 to provide funds with which to pay the cost of acquiring rights-of-way, constructing new drainage ditches and improving existing drainage ditches in the Northwest quadrant of the City. The Harris County Flood Control District (HCFCD) has completed and the City has approved a Master Drainage Plan for watershed F101-00-00 which encampasses the Northwest quadrant of the City. The cost estimated to complete the improvements are approximately $6,000,000. It is of mutual benefit to the City and the HCFCD to enter into an Inter1oca1 Agreement whereby the City will contribute its $1,000,000 to the project and the HCFCD will contribute all the remaining funds required in addition to managing the project. In order to ensure expending the City's funds prior to October 31, 1988, the agreement specifies that the City's Funds are to be spent on certain, early portions of the project. The agreement has preliminary approval of the HCFCD but must be ratified by the Harris County Commissioner's Court. Staff is recommending council approve the Inter1oca1 Agreement and expenditure of $900,000 for the improvements contingent upon approval by the Harris County Commissioner's Court and execution by HCFCD. Action Required by Council: Contingent approval of Interlocal Agreement Availability of Funds: X General Fund Capital Improvement Other Water/Wastewater General Revenue Sharing Account Number: 011-700-70g-S00 Funds Available: 1- YES NO ADproved for City Council Aienda G~T:~ Robert T. Herrera City Manager Z-l &-,,~ DATE