In the 2012 Bond, the North Lamar Blvd & Burnet Rd Corridor Improvements Project was awarded $15M. The City’s portion of the Tiger Grant application (they co-applied with CapMetro) is proposing a $10M match to $10M from the 2012 Bond. They reserved $5M just in case the grant funding is not applicable to their overhead rates and project contingency. If the grant is awarded, they will not be able to spend the $10M from the 2012 Bond until the grant funding is available, which is expected to be next Spring.
Currently, $9.25M has been appropriated to the project, and the last appropriation of $5.75M will happen on 10/1/15.
The City is anticipating to hear back regarding the status of the Tiger Grant application this fall (unfortunately staff did not have a more firm timeline than this). If the grant is awarded, the funding will arrive in Spring of 2016 and construction would start no later than September 2017 (depending on the length of civil engineering design).
Transportation staff is currently working on a back-up plan to identify an updated scope of work if the Tiger Grant is not awarded so that no matter what news they hear (yay or nay), they are ready to move forward with the project. If the grant is not awarded, the scope of work will be reduced from what was included in the grant application. The construction timeline will be contingent upon the civil design timeline.
In either case, the design will begin in Fiscal Year 16 and the majority of construction is expected to take place in FY17 (but this is dependent upon the other factors such as if they need to wait on the grant funding and the duration of the design phase).
Staff is going to notify us as soon as possible when they hear the status of the grant application, so we will be sure to keep you and other District 7 neighborhoods in the loop.
Let me know if you have any questions on this. Thanks!
Council Member Leslie Pool, District 7