HomeMy WebLinkAbout26-1284 INCOMPLETEORDINANCE NO.26-1284_
AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING THE CITY MANAGER
TO EXECUTE THE INNOVATIVE FINANCE AND ASSET CONCESSION (IFAC) GRANT
PROGRAM COOPERATIVE AGREEMENT WITH THE U.S. DEPARTMENT OF
TRANSPORTATION (USDOT), TO RECEIVE FUNDING IN THE AMOUNT OF ONE MILLION
DOLLARS ($1,000,000.00) FOR THE IMPLEMENTATION OF THE INTELLIGENT
TRANSPORTATION SYSTEM (ITS) MASTER PLAN, AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the U.S. Department of Transportation (USDOT) Build America Bureau
issued a notice of funding opportunity on August 13, 2025, for entities to apply for funding
assistance through the FY 24-26 Innovative Finance and Asset Concession (IFAC) Grant Program;
and
WHEREAS, the IFAC program purpose is to assist entities in exploring innovative
financing and delivery opportunities for Transportation Infrastructure Finance and Innovation Act
(TIFIA) eligible projects; and this assistance includes funding for conducting asset scans and pre -
construction tasks to achieve project goals; and
WHEREAS, on October 01, 2025, the City of Denton applied for an IFAC grant for
implementation of the Intelligent Transportation Systems (ITS) Master Plan; and
WHEREAS, the Intelligent Transportation Systems (ITS) Master Plan aims to improve
daily traffic flow within the City of Denton by using smart transportation technology such as
modern road sensors, communication technology, and data analytics; and
WHEREAS, on June 15, 2026, the IFAC grant, in the amount of one million dollars
($1,000,000.00), was awarded to the City of Denton with no local match requirement; and
WHEREAS, the U.S. Department of Transportation requires the execution of the
Innovative Finance and Asset Concession (IFAC) Grant Program Cooperative Agreement, (the
"Agreement") attached hereto and incorporated herein as Exhibit "A;" and
WHEREAS, Transportation Services aim to implement this grant for ITS Master Plan for
the City of Denton, as a comprehensive roadmap for planning, implementing, operating, and
maintaining Citywide Intelligent Transportation Systems, Smart Mobility, and ITS
communications assets; and
WHEREAS, The City Council finds it is in the best interest of the citizens of the City of
Denton to accept the IFAC Grant and execute the Agreement; NOW THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings set forth in the preamble of this Ordinance are incorporated by
reference into the body of this Ordinance and hereby found to be true.
SECTION 2. The Innovative Finance and Asset Concession (IFAC) Grant Program
Cooperative Agreement (the "Agreement") attached hereto and incorporated herein as Exhibit A
is approved and adopted.
SECTION 3.. The City Manager is hereby authorized to execute the Agreement and take
all actions necessary to implement the Agreement pursuant to the terms contained therein.
SECTION 4.. This ordinance shall become effective immediately upon its passage and
approval.
The motion to approve this ordinance was made by_Jill_Jester and seconded by
Nick Stevens The ordinance was passed and approved by
the following vote f6 _0]:
Aye
Mayor Chris Watts:
Jordan Villarreal, District 1:
Nick Stevens, District 2:
Suzi Rumohr, District 3:
Joe Holland, District 4:
George Ferrie, At Large Place 5:
Jill Jester, At Large Place 6:
Nay Abstain Absent
PASSED AND APPROVED this the 18th day of August, 2026.
CHRIS WA TS, MAYOR
ATTEST:
KRISTI FOGLE, INTERIM CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
MACK 4WINWAND, CI; Y ATTPRNEY
BY: