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RESOLUTION: 2008-67
SUBJECT: Authorizing a Cooperation Agreement between the City of Lakewood ("City") and the Lakewood Reinvestment Authority ("LRA").
ADDRESS: N/A
RECOMMENDATION: Adoption of the Resolution will formally enable the Lakewood
Reinvestment Authority to become involved in the City of Lakewood's station
area projects with the Regional Transportation District ("RTD").
FUNDING SOURCE: N/A
SUMMARY AND BACKGROUND OF SUBJECT MATTER: The City of Lakewood is a party to
agreements with the Regional Transportation District to implement the construction
of betterments at two West Corridor Light Rail Stations. Upon approval of these
projects by the LRA Board, and related financing, this Cooperation Agreement
will authorize the Lakewood Reinvestment Authority to transfer necessary funds
to the City so that the City can reimburse Regional Transportation District
("RTD") for the Station Betterments.
PROJECT DESCRIPTION: Station Betterments at the Oak Street Station and at the
Wadsworth Boulevard Station.
RESOLUTION ADOPTION DATE: September 22, 2008
ORIGINATED BY: Larry Dorr, Director of Finance
STAFF PERSON RESPONSIBLE: Larry Dorr, Director of Finance, 303-987-7601
DOCUMENTS ATTACHED: Resolution
2008-67
Cooperation Agreement
SUBMITTED BY:
Larry Dorr, Finance Director
Becky Clark, Director, Community Planning & Development
REVIEWED BY:
Joni Inman, Director, Mayor and City Manager's Office
Michael J. Rock, City Manager
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