Traffic Management Center Upgrades Phase 2-5

Resolution to rescind the prior July 1, 2024 approval allocating capital asset sale funds toward the local match for the Traffic Management Center Updates Phases 2 and 3 Project, since State Infrastructure Bank loan funding is now available for that purpose; the rest of the original resolution remains in effect.

…apital asset sales to fund the City of El Paso’s local match obligation for the Traffic Management Center Updates Phases 2 and 3 (TMCU) Project is rescinded upon the C…

Resolution to accept a $6,000,000 State Infrastructure Bank loan agreement, repayable over up to 25 years, to fund the City's local match and construction costs for Traffic Management Center Upgrades Phase 2-5, and to authorize the City Manager to execute related documents and budget transfers.

…paid over no more than twenty five (25) years, for SIB loan number S2026-001-05 Traffic Management Center Upgrades Phase 2-5, to finance the City’s local match and actual cost of construction of the Proje…

Resolution to accept a $6,000,000 State Infrastructure Bank loan (repayable over up to 25 years) to finance the local match and construction costs of the Traffic Management Center Upgrades Phase 2-5 project, authorizing the City Manager to execute the loan agreement and related documents.

…paid over no more than twenty five (25) years, for SIB loan number S2026-001-05 Traffic Management Center Upgrades Phase 2-5, to finance the City’s local match and actual cost of construction of the Proje…