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Item 4H - Attachment ASTATE OF TEXAS § § Renewal No. 1 of Interlocal Agreement § for West Continental Boulevard COUNTY OF TARRANT § Intersection Improvements BACKGROUND 1. Tarrant County ("COUNTY") and the City of Southlake ("CITY") entered into an Interlocal Agreement approved by Tarrant County Commissioners Court Order No. 140390, for financial support of up to $2,225,000.00, for the cooperative funding of improvements to two intersection locations on West Continental Boulevard. The first location is at the intersection of West Continental Boulevard at Davis Boulevard (FM 1938) and will also include improvements on Union Church Road. The second location is at the intersection of West Continental Boulevard at South Peytonville Avenue ("Project") as described in the 2021 Tarrant County Bond Program. 2. The COUNTY and CITY agree to the revised payment schedules attached to this Renewal No. 1. 3. The Project is incomplete, and the parties desire to renew the Interlocal Agreement for the 2024 Fiscal Year. Therefore, the COUNTY and CITY agree to the following: 1. The COUNTY and the CITY renew the Interlocal Agreement for the COUNTY's 2024 Fiscal Year, with the Interlocal Agreement expiring September 30, 2024, or upon completion of the Project as determined by the COUNTY, whichever occurs sooner. 2. The COUNTY and CITY agree to the revised Payment Schedule in Attachment A. 3. All terms and conditions of the original Interlocal Agreement and subsequent amendments remain in effect except to the extent modified by this Renewal No. 1. APPROVED on this day the day of County. 2024, by Tarrant Commissioners Court Order No. Renewal No. 1— 2021 TBP - West Continental Boulevard Intersections Project Page 1 TARRANT COUNTY STATE OF TEXAS Tim O'Hare, County Judge APPROVED AS TO FORM. Criminal District Attorney's Office* *By law, the Criminal District Attorney's Office may only approve contracts for its clients. We reviewed this document as to form from our client's legal perspective. Other parties may not rely on this approval. Instead those parties should seek contract review from independent counsel. CITY OF SOUTHLAKE John Huffman, Mayor APPROVED AS TO FORM AND CONTENT: City Attorney CERTIFICATION OF AVAILABLE FUNDS IN THE AMOUNT OF 01 _ Certification of Funds Available as follows: Fiscal year ending September 30, 2024 $269,696.00 Fiscal year ending September 30, 2025 $809,088.00 Fiscal year ending September 30, 2026 $809,088.00 Fiscal year ending September 30, 2027 $337,128.00 $2,225,000.00 Auditor's Office Renewal No. 1— 2021 TBP - West Continental Boulevard Intersections Project Page 2 ATTACHMENT A Proiect Information Jurisdiction: City of Southlake Project Name: West Continental Boulevard Intersection Improvements Project Schedule (bv month/year) Start Date Duration mo.) End Date Design: - - - ROW Acquisition: - - - Construction: Jun 24 33 Feb 27 County Payment by Phase* Design: $0.00 ROW Acquisition: $0.00 Construction: $2,225,000.00 TOTAL: $2,225,000.00 TBP Funding Category: 2021 - Call for Projects Category Pct 3 *Invoice Schedule Design = Completion of Design Phase ROW Acquisition = Completion of Property Acquisition and/or utility relocation Construction =Monthly or quarterly throughout the construction period. Reimbursement payments will be issued by the COUNTYfor eligible expenses incurred during the Fiscal Year for which bond funds are certified by the Tarrant County Auditor. Reimbursement Schedule by Fiscal Year Quarter (SUBJECT TO CHANGE) FY24 FY25 FY26 FY27 1 st Ouarter 2nd Ouarter 3rd Ouarter 4th Ouarter Total $0.00 $0.00 $67,424.00 $202,272.00 $269,696.00 $202,272.00 $202,272.00 $202,272.00 $202,272.00 $809,088.00 $202,272.00 $202,272.00 $202,272.00 $202,272.00 $809,088.00 $202,272.00 $134,856.00 $0.00 $0.00 $337,128.00 Renewal No. 1— 2021 TBP - West Continental Boulevard Intersections Project Page 3