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ST0502B-CS070801 Page 1 of 1 Freeport Parkway (ST 05 -02)3 MAW From: Ken Griffin To: Christie Jestis Date: 8/1/2007 5:03 PM Subject: Freeport Parkway (ST 05 -02) CC: Clay Phillips; Jim Witt; Mindi Hurley; Rhonda Adloo Christie Thanks for spending time with me today concerning construction options for Freeport Parkway. We are in discussions with a developer that has expressed an interest in constructing Freeport and then being reimbursed by the city. Our goal is to ensure that we do not take any action that would preclude us from being reimbursed for the construction of Freeport. The following is my understanding of the general process and the time line to accomplish the de- federalization of the money and having a developer construct the road: Option 1 Keep money federal and eventually get the road constructed (not a good option). Option 2 Wait for the CDA swap to take place in January/February 2008 to de- federalize the money; Then have the City enter into an agreement with COG or TxDOT for the construction; Once the agreement is signed we could then hire a consultant for the design and proceed to construction. If the agreement is with COG, there would be little oversight beyond progress reports. If the agreement is with TxDOT, then we would need to follow all TxDOT rules and procedures. Option 3 Request that a TIP modification be placed on an October agenda that would be acted on by the RTC during their November meeting; Then have the City enter into an agreement with COG or TxDOT for the construction; Once the agreement is signed we could then hire a consultant for the design and proceed to construction. If the agreement is with COG, there would be little oversight beyond progress reports. If the agreement is with TxDOT, then we would need to follow all TxDOT rules and procedures. Hopefully I have the sequence correct. The city's preference would be to pursue the TIP modification and then enter into an agreement with COG. We understand that the city is still responsible for 20% of the cost of the project. Ken Griffin, P. E. Director of Engineering /public Works 972- 304 -3686 kgriffin @ci.coppell.tx. us file: / /C:\ Documents% 20and% 20Settings\ rbrother\ Loeal% 20Settings \Temp\XPgrnwise \4fiB... R/7/70n7