City Council Work Session
Tuesday, May 20, 2025, 9 a.m. (Austin time), Austin City Hall
On the agenda
- Approve a resolution authorizing negotiation and execution of an advance funding agreement with the Texas Department of Transportation for the City to contribute up to $20,000,000, for 100 percent design of cap decks and associated tunnel elements to be integrated into the IH-35 Capital Express Central Project. Funding in the amount of $20,000,000 is available from the State Infrastructure Bank Loan or Certificates of Obligation. Related to Item #42 and #43. (25-1099)
- Approve a resolution authorizing negotiation and execution of an advance funding agreement with the Texas Department of Transportation for the City’s commitment to fund up to $265,000,000 for cap and stitch roadway elements to be integrated into the IH-35 Capital Express Central Project letting package. Funding: $41,000,000 is available in the Capital Budget of the Transportation and Public Works Department from a State Infrastructure Bank financial assistance loan and up to $224,000,000 from tax-exempt Certificates of Obligation that are expected to be issued on or after August 2025. The availability of these funds is contingent upon the finalization of the loan and appropriation and issuance of Certificates of Obligation. The City will be responsible for covering any cost overruns. Related to Items #41 and #43 (25-1100)
- Approve an ordinance amending the Fiscal Year 2024-2025 Transportation and Public Works Department Capital Budget (Ordinance No. 20240814-007) to increase appropriations by $244,000,000 for City costs related to the I-35 Cap and Stitch Program. Funding: $244,000,000 will be available from future issuance of tax-exempt general obligation bonds. Related to Items #41 and #42. (25-1101)