The Austin City Council, through approval of Resolution No. 20160818-074, has established a Contract with the Voters providing that authorized bond funding will be spent on projects and programs named within Ordinance No. 20160818-023, calling the special bond election, and in accordance with Resolution No. 20160818-074. The projects and programs are also included in this Voter Information Brochure.
The Resolution states that: “When City staff has gathered sufficient data to develop potential construction elements for the Corridor Improvement Projects, and before any construction funding is appropriated or construction initiated for these projects, the City Manager is directed to bring forth recommendations supported by identifiable metrics for implementation of a 'Corridor Construction Program' in ways that prioritize: a) reduction in congestion; b) improved level of service and reduced delay at intersections for all modes of travel; c) connectivity, and improved effectiveness of transit operations within these corridors and throughout the system; and subject to the foregoing, also makes allowances for: i) preservation of existing affordable housing and local businesses on the corridors, and opportunities for development of new affordable housing along the corridors, including, but not limited to, the use of community land trusts, tax increment finance zones along corridors, homestead preservation zone tools, revisions to the S.M.A.R.T. Housing Program, and targeted investments on the corridors utilizing affordable housing bonds and the Housing Trust Fund; ii) geographic dispersion of funding; and iii) opportunities to facilitate increased supply of mixed-income housing."
Implementation of the Corridor Construction Program shall emphasize making corridors livable, walkable, safe, and transit-supportive, and aligned with the principles and metrics in the Imagine Austin Comprehensive Plan, with the goals of reducing vehicle miles traveled, increasing transit ridership and non-vehicular trips, and promoting healthy, equitable, and complete communities.
Existing Corridor Mobility Development Plans will be revisited as needed to ensure that the final design and implementation conforms to the region’s most recently adopted transportation plans and recently adopted policies and standards for transportation infrastructure design.
The City of Austin will coordinate with other local taxing entities and identify and pursue potential opportunities for grants and other collaborative funding from federal, state, local, and private sources.
If additional funding is required to complete specified improvements, the City of Austin will identify available funding within existing capital budgets and other sources. If the cost of improvements associated with an identified Regional Mobility project is less than the amount designated for that specific project, excess funds shall be used on additional improvements in the corridors on which the identified Regional Mobility project is being implemented.
Existing capital project delivery systems and processes will be analyzed in order to recommend potential changes and resource requirements to complete the proposed bond program within eight years.
The City Manager will provide recommendations to the City Council within 90 days of voter approval, outlining a process for City Council oversight, including a report to the Mobility Committee of the City Council, a report to the full City Council, and a timeline and process for reporting to the citizen Bond Oversight Commission.