HomeMy WebLinkAboutR2007-008c' S:\Our Documents\Resolutions\07\Comprehensive Development Agreements Moratorium.doc
RESOLUTIONNO.1~{}1-tJtJg
A RESOLUTION OF THE CITY OF DENTON, TEXAS, OPPOSING A MORATORIUM ON
COMPREHENSIVE DEVELOPMENT AGREEMENTS (CDA'S); AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the North Texas Transportation Authority (NTTA) estimates every month
delayed on the President George Bush Turnpike Eastern Extension costs the project an additional
5 Million and a moratorium on Comprehensive Development Agreements (CDA's) and Texas
Department of Transportation (TxDOT) Toll projects would cause similar impacts to currently
planned CDA's; and
WHEREAS, if a CDA moratorium is placed on TxDOT, CDA developers are going to leave
Texas in favor of other states that have started similar programs; and
WHEREAS, depending on the timing of a moratorium, it could directly impact the SH 121
CDA and the longer the time between the Commission's conditional award and the execution of the
contract, the less firm the numbers are due to market fluctuations; and
WHEREAS, the SH 121 CDA Concession Fee will fund numerous near neighbor projects in
Denton County including, but not limited to IH 35E, FM 423, FM 720, and FM 407, and without
the CDA tool there is no way to fund these projects in the foreseeable future; and
WHEREAS, a moratorium on CDAs will cause a delay of vital transportation infrastructure
projects designed to enhance mobility, reduce. congestion, improve air quality and maintain the
quality oflife for citizens of Denton and citizens ofthe entire North Texas Region; and
WHEREAS, CDA's transfer construction, operations, maintenance, and revenue risk to the
private sector, meaning taxpayers are not at risk. if the construction cost escalates or if traffic growth
doesn't meet expectations; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SFrTTON 1. The City Council does not support a moratorium on CDA's.
SFrTTON 'Y. This resolution shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the .21-t11 day of mar(!;!t ,2007.
S:\Qur Documents\Resolutions\07\Comprehensive Development Agreements Moratorium.doc
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
tJ~
APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, CITY ATTORNEY
BY: ~~ ~
Page 2 of2