Authorize (1) the acceptance of a grant from the State of Texas through the Texas Department of Transportation (TxDOT) for the Regional Toll Revenue (RTR) State Highway (SH) 121 Toll Project (Agreement No. CSJ 0918-47-520) in the amount of $30,000,000.00 as State contribution from the SH 121 Subaccount toward the total project cost of $37,500,000.00 which includes $7,500,000.00 as local participation for the construction of a 0-lane to 4-lane roadway grade, separated with sidewalks and bicycle lanes under the Union Pacific Railroad Line on Herbert Street from Broadway Avenue to Commerce Street in the City of Dallas, for the period from execution of the agreement through April 30, 2028; (2) the receipt and deposit of funds in the amount of $30,000,000.00 in the TxDOT RTR SH-121 W Dallas Gateway Herbert Street Fund; (3) the establishment of appropriations in the amount of $30,000,000.00 in the TxDOT RTR SH-121 W Dallas Gateway Herbert Street Fund; (4) a required local match in the amount of $7,500,000.00 and; (5) execution of the Advance Funding Agreement with TxDOT and all terms, conditions, and documents required by the agreement - Total amount of $37,500,000.00 - Financing: TxDOT RTR SH-121 W Dallas Gateway Herbert Street Fund ($30,000,000.00) and 2024B Certificates of Obligation Fund ($7,500,000.00)

UPCOMING AGENDA ITEMS Agenda Ready Introduced March 9, 2026

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