SUBJECT:
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Approval of a resolution authorizing the President & CEO, or her designee, to finalize and execute an Interlocal Agreement with the City of Austin for the design and construction of a Redline double-track and multimodal improvements project along East 5th Street through which CapMetro will contribute $14,184,000, while the City contribution will not exceed $5,000,000.
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FISCAL IMPACT:
Refer to executive summary for clarification.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
Strategic Objectives:
? 1.1 Safe & Reliable Service ?1.2 High Quality Customer Experience ? 1.3 Accessible System
? 2.1 Support Sustainable Regional Growth ? 2.2 Become a Carbon Neutral Agency
? 2.3 Responsive to Community and Customer Needs ? 2.4 Regional Leader in Transit Planning
? 3.1 Diversity of Staff ? 3.2 Employer of Choice ? 3.3 Expand Highly Skilled Workforce
? 4.1 Fiscally Responsible and Transparent ? 4.2 Culture of Safety ? 4.3 State of Good Repair
EXPLANATION OF STRATEGIC ALIGNMENT: This Red Line double track and multi-modal project will enhance and serve the region through the responsible delivery of high-quality public transportation. The project will improve connectivity and foster economic activity by ensuring safe, environmentally sustainable and equitable access to public transit and surrounding services. Partnering with the City of Austin and U.S. DOT to deliver this project allows CapMetro to be fiscally responsible stewards of public funds.
BUSINESS CASE: This Red Line double tracking and multi-modal project amplifies CapMetro's ability to efficiently deliver capital projects thorough enhanced collaboration with local partners. Additionally, double tracking the Rail ROW and the associated multi-modal project will not only enhance transit service delivery and ...
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