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2007-54

A RESOLUTION

AUTHORIZING AN AGREEMENT WITH GREEN TREE METROPOLITAN DISTRICTS NO. 1 AND NO. 2 REGARDING CONSTRUCTION OF AN INTERCHANGE AT C-470 AND ALAMEDA AVENUE

WHEREAS, the Colorado Department of Transportation has approved a locally funded diamond-shaped interchange at the intersection of Highway C-470 and Alameda Avenue; and

WHEREAS, the interchange will provide significant benefits to Lakewood and Jefferson County residents through improved access for existing and future developments in the area; and

WHEREAS, Lakewood and Jefferson County have previously agreed to providing partial funding for the interchange and cooperate in its construction; and

WHEREAS, said agreement commits the City to providing $3 million for the interchange project estimated to cost approximately $20 million; and

WHEREAS, Jefferson County has approved formation of, and a service plan for the Green Tree Metropolitan Districts and said service plan includes construction of the interchange.

NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakewood, Colorado, that:

SECTION 1. The City Manager is hereby authorized to execute and the City Clerk attest an agreement, in form approved by the City Attorney, with Green Tree Metropolitan District No. 1 and Green Tree Metropolitan District No. 2 for the purpose of providing $3 million toward an interchange at C-470 and Alameda Avenue.

INTRODUCED, READ AND ADOPTED by a vote of 11 For and 0 Against at a regular meeting of the City Council on October 8, 2007, at 7 o'clock p.m. at Lakewood Civic Center, 480 South Allison Parkway, Lakewood, Colorado.

Stephen A. Burkholder, Mayor

ATTEST:
Margy Greer, City Clerk

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