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RESOLUTION: 2007-54
SUBJECT: Agreement with the Green Tree Metropolitan Districts for the City to provide partial funding for construction of an interchange at C-470 and Alameda Avenue.
RECOMMENDATION: Approval
FUNDING SOURCE: Capital Improvement Fund
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
Construction of an interchange at C-470 and Alameda has been supported by Lakewood since approximately 1990. It is a needed transportation system link that will benefit existing and future Lakewood residents by providing an alternative route to C-470, I-70, Sixth Avenue and the mountains. It will decrease pressure on the Union Boulevard corridor and the Union/Sixth interchange. It will also support primary job creation in the Rooney Valley by improving access to the commercial portions of the Valley within Lakewood.
The project is estimated to cost approximately $20 million and is not eligible for state or federal funding. In 2006, the City Council approved an agreement with Jefferson County to provide $3 million to the interchange project with the County providing $6 million. As discussed at the August 20 budget study session, the City and County will provide the funds to the Green Tree Metropolitan Districts. The metropolitan districts will hire the contractor, manage construction and obtain the required additional funding. The interchange will open to traffic in 2008.
RESOLUTION ADOPTION DATE: October 8, 2007
ORIGINATED BY: Department of Public Works
STAFF PERSON RESPONSIBLE: Jay N. Hutchison, City Engineer, 303-987-7916
DOCUMENTS ATTACHED: Resolution 2007-54
SUBMITTED BY:
Richard J. Plastino, Director of Public Works
REVIEWED BY:
Joni Inman, Director, Mayor and City Manager's Office
Michael J. Rock, City Manager
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