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Council approves first reading of TxDOT advanced funding agreement for city project
Summary
Council approved on first reading a resolution formalizing a TxDOT advanced funding agreement that would bring roughly $1,000,000 in federal funds to a city project; staff said the city's match is approximately $17,000.
The Universal City Council voted on the first reading of a resolution to formalize an advanced funding agreement with the Texas Department of Transportation (TxDOT) that staff said brings $1,000,000 in federal funds to a project the city will implement.
"TxDOT gets a lot of their money through the federal government... the city's match is approximately $17,000," a staff member said during the presentation, describing the agreement as a standard funding-flow arrangement that requires a formal local funding agreement. Council approved the first reading and the item will return as required for subsequent readings and final adoption.
Council members had no substantive questions on the funding source and the motion carried.
