Chief Financial Officer Greg Jordan said the contract was required to have work begin on the parking garage that will be part of the TEXRail station, which is scheduled to open late 2018. He said the goal of the meeting tonight was to get authorization so the garage could be completed to accompany the station by the projected late 2018 completion date.
"We had to have contract authorization so we could start," he said.
The contract allows the Coury Hospitality team to begin construction of the garage, basement and site work for the project. With the approval, crews can mobilize on the TEXRail site during December and begin construction so that the garage is ready to receive commuter rail traffic by December 2018.
"I think this is going to be an amazing project," Council Member Darlene Freed said.
Council Member Duff O'Dell agreed, adding that she was "looking forward to see dirt move" on the site.
A second guaranteed maximum price for Phase 2 of the project will be brought before the council in March, which will encompass the station, the plaza and the tower at the TEXRail station.