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Item 4L AudioV ' - ,TTY 0111 SOUTHLAKE 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 f! 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 3 Proposed Schematic • Location chosen- avoid large utility line • Perpendiculer to SH 114 versus skew • 25% shorter bridge section M 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 5 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 M Memorandum of Understanding SH114 and Carroll Turnaround • Project Enhancements — Urban Design Study — Future Work Session —Additional Cost — • To Be borne by Southlake CARROLG A vENuF ti +... 17-C drsly� c4fw MGr[Im+e( � F­ AWw�I fieeb: � M /Fab.�...fy lank yJd�rr sY+xs- WS 7 City of Southlake Strategy Map The City of Southlake provides municipal services that support the highest quality of life for our residents and businesses. We do this by delivering outstanding value and unrivaled quality In everything we do. ® ® ® A Safety & Mobility Infrastructure Quality Partnerships& Performance Management Securlty Development Volunteerism & Service Delivery _ e Our Custome C1 Aehiavethe C3Pmvldeattrarrlve& cd An— &kaeP top -tier C2 Provide [revel C5 promote op pu rtun �r highest stsndards undque spaces for businesses to drivae dynamrc& of nvenlancrwlthin s forpertnershlps& Nag' cu tit & re a enjoyment of pars nal ustalnehle etanomlc voluntaerinvolvement security y r� n Intererts nvlronment Manage the Business 51ACblevebest- 81 COIlatioratewlFM1 B3 Enhance resident Ba Provide 651mptm abnptimi:e In <lassstatus In select partners to qusllty of life &buxiness high quality perfermenraof useof ell CltydlsGpllnes Implementserviea austelnabllitythrough me del- o.peretienal techaologv solutions teudsm . —It. saes Provide Financial Stewardship F1Adhem toflnencial management ma F2lmeztta provide &maintain F3 AShievefiscdl wellness F4FStabllsh &intain prinslplesa budget hi¢h ova Gtro vvbllc asse antlerdx aF41ittalnte& IM- Promote Learning & Growth L1 Ensureour people L2Enhance1eedership U Attract. develop& L— cegnite& LSEmpowel lntolmed I �nderztend YM1e slealeLry& cepabllltieatodelives rNelna Skilled I raw tlhlgh d[N.slon- maRingel ell pv I how they tonttlbute tab[ esulls ,+ workforce { t pvrformara l in theeeganllRivn The SH 114 Turnaround at Carroll Avenue links to the City's strategy map relative to the focus areas of Mobility, Infrastructure, and Partnerships. The specific corporate objectives that are met by this construction project include Provide travel convenience within city and region, Investing to provide and maintain high quality public assets, and Collaborating with select partners to implement service solutions. 0 U CITY Oli SOUTHLAKE