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Item 4L Item 4L Memorandum of Understanding (MOU) for the planning, design, and construction of a turnaround bridge (East Side Only) at SH 114 and Carroll Avenue committing $250,000 toward the project Memorandum of Understanding SH114 and Carroll Turnaround East Side Only $250,000 commitment each party MOU - 4 parties Gateway Church Cooper and Stebbins, Inc. Tarrant County City of Southlake Memorandum of Understanding SH114 and Carroll Turnaround Survey Begins – September 2012 Design – Begins upon execution of MOU Construction Begins – Summer 2013 Project Completion – January 2014 TxDOT LPAFA Required Interlocal Agreement – Tarrant County Proposed Schematic Location chosen- avoid large utility line Perpendiculer to SH 114 versus skew 25% shorter bridge section Memorandum of Understanding SH114 and Carroll Turnaround Project Funding City of Southlake $250,000 Tarrant County 250,000 Gateway Church 250,000 Cooper & Stebbins, Inc. 250,000 TxDOT 900,000 Total Project Funding $1,900,000* * Estimated Project Cost = $1,800,000 Memorandum of Understanding SH114 and Carroll Turnaround Project Enhancements Urban Design Study Future Work Session Additional Cost – To Be borne by Southlake Memorandum of Understanding SH114 and Carroll Turnaround Funding Available 2012 CIP Funds - $ 100,000 2013 CIP Funds - 250,000* $ 350,000 * Previously intended for Traffic Signal at Watermere and FM 1709. Council adopted budget with funding through Red Light Camera funds Questions: Bob Price (817) 748-8097