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2006-74
A RESOLUTION
AUTHORIZING THE CITY OF LAKEWOOD TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT WITH THE REGIONAL TRANSPORTATION DISTRICT DEFINING THE LOCAL MATCH FOR THE WEST CORRIDOR LIGHT RAIL TRANSIT PROJECT
WHEREAS, the west corridor has a total project cost estimate of $511.8 million; and,
WHEREAS, the total local agency contribution is $12.8 million (2.5%); and,
WHEREAS, RTD, the City of Lakewood, Golden, Jefferson County and the City and County of Denver have agreed that $4.4 million of this obligation will be credited for South Platte drainage improvements that reduce RTD's bridge construction costs and remove the LRT tracks from the 100 year flood plain. This credit will be taken "off the top", leaving a total match of $8.4 million; and,
WHEREAS, It has been further agreed among the City of Lakewood, Golden, Jefferson County and the City and County of Denver that the Lakewood's share of the remaining $8.4 million will be 45% or $3.78 million; and,
WHEREAS, It has been agreed that Lakewood will meet this obligation by relocating a sewer line in 13th Ave., making drainage improvements in Richey Park and waiving permit fees while being credited with staff time to review plans, inspect construction, perform signal work and other similar items; and,
WHEREAS, The money for Lakewood's share is available from the Sewer Utility Fund, the Storm water Management Utility and the General Fund; and,
WHEREAS, the Federal Transit Administration has required the Regional Transportation District as part of the Full Funding Grant Agreement application to provide copies of IGA's proving Local Agency commitments have been met.
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 to attest, an agreement with the Regional Transportation District, in form approved by the City Attorney, for the City of Lakewood local project match. The City of Lakewood's contribution shall not exceed Three million seven hundred eighty thousand dollars ($3,780,000) in cash and in kind services.
SECTION 2. The City is hereby authorized to provide such local match to the Regional Transportation District in accordance with said contract.
INTRODUCED, READ AND ADOPTED by a vote of 10 for and 0 against at a regular meeting of the City Council on December 11, 2006, 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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