SB 1420 Committee. As required by Section 228.103 of the Code, a committee was formed to determine the distribution of the Project’s financial risk, the method of financing for the Project, and the tolling structure and methodology to be used for the Project. The committee included representatives from TxDOT, NTTA, NCTCOG, the City of Irving, the City of Dallas, the City of Euless, and Dallas County. The Commission has adopted rules (see 43 Texas Administrative Code Section 27.90 et seq.) to define the processes and procedures under which the committee was required to operate. The committee held one meeting prior to issuance of the RFQ, and issued its determination that a toll concession public-private partnership agreement (as contemplated in this RFQ) is to be the delivery methodology for the Project, provided that such determination as it relates to any additional connecting facilities is subject to (1) NTTA’s election to waive or decline to exercise its option to develop, finance, construct, and operate any such connecting facility and TxDOT’s exercise of its option to do so, all pursuant to the process set forth in Chapter 373 of the Code; (2) any such connecting facility being in or added or amended to the North Central Texas Council of Governments Metropolitan Transportation Plan – Mobility 2035; and (3) the enactment of legislation authorizing TxDOT to enter into a CDA for any such connecting facility. A copy of the committee’s findings is in the Reference Information Documents.
SB 1420 Committee. As required by Section 228.103 of the Code, which became effective on September 1, 2011, a committee has been formed to determine the distribution of the Project’s financial risk, the method of financing for the Project, and the tolling structure and methodology to be used for the Project. The committee includes representatives from TxDOT, NTTA, the North Central Texas Council of Governments, as well as Denton and Dallas counties. The Commission has adopted rules (see 43 Texas Administrative Code Section 27.90 at seq.) to define the processes and procedures under which the committee will operate. The committee has held five meetings prior to issuance of the RFQ, and TxDOT anticipates that the committee will meet again prior to the issuance of the RFP.
