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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 11/17/2015 - RESOLUTION 2015-100 SUPPORTING THE LARIMER COUNTYAgenda Item 13 Item # 13 Page 1 AGENDA ITEM SUMMARY November 17, 2015 City Council STAFF Mark Jackson, PDT Deputy Director SUBJECT Resolution 2015-100 Supporting the Larimer County Proposal to Use County Mill Levy Funds for Interstate 25 (I-25) Improvements. EXECUTIVE SUMMARY The purpose of this item is to provide a Council Resolution supporting Larimer County’s proposal to reassign a portion of its Road and Bridge Levy funds specifically for improvements to I-25 for a period of five years. This proposal does not modify the total mill levy or decrease the amount of Road and Bridge funds shared with Fort Collins. This item supports Council Priority for I-25 funding; Strategic Plan Objective Transportation 6.1, 6.4. STAFF RECOMMENDATION Staff recommends adoption of the Resolution. BACKGROUND / DISCUSSION Larimer County proposes to temporarily reapportion part of its General Fund mill levy funds to the County’s Road and Bridge Fund for a period of five years. These reapportioned funds are estimated to total $5.3 million over the course of the five year period. The County proposes using these revenues for improvements and local match opportunities on the I-25 Corridor within Larimer County. Fort Collins currently receives approximately $550,000 per year from the County Road and Bridge Fund. This proposal will not affect the amount of funds Fort Collins currently receives. Because of increased property valuations, only the resulting incremental increase in revenue will be directed to I-25 uses. These funds can go to specific smaller I-25 improvement projects, or be used in combination with other funds (e.g., Colorado Department of Transportation (CDOT), partnership opportunities) as local match for potential Resiliency Grant funds or other funding program opportunities that may arise. Council provided a letter and Resolution of support (2015-089) for CDOT’s Presidential Challenge Resiliency Grant application on October 20, 2015. In addition to the funds identified for I-25, the County also proposes allocating a portion of the County’s incremental mill levy funds (approximately $4.7 million) to go to a county project that would have benefits to residents in all of Larimer County. The proposed project is the expansion of CR 19 (Taft Hill Road in Fort Collins) to four lanes between Horsetooth & Harmony. Taft Hill Road carries a current daily volume of 22,000 (2013) and serves a large portion of the residents. This portion of Taft Hill Road lies within the City’s Growth Management Area (GMA) boundary, serves numerous County destinations including the Larimer County Landfill and Horsetooth Reservoir, and is constrained and congested. Next steps involve Larimer County working collaboratively with local governments to develop an Intergovernmental Agreement (IGA) outlining the use of these funds and addressing statutory requirements for sharing back these funds to the County. Agenda Item 13 Item # 13 Page 2 CITY FINANCIAL IMPACTS Larimer County’s proposal does not modify the total mill levy, and does not decrease the amount of Road and Bridge funds currently received by the City of Fort Collins. Creation of a source of local match funding is advantageous in order to take advantage of funding partnerships and grant opportunities that may arise to help improve the I-25 corridor. PUBLIC OUTREACH The proposal was presented and discussed at the October 22, 2015 Regional Coordination meeting of local agency managers and elected officials. RESOLUTION 2015-100 OF THE COUNCIL OF THE CITY OF FORT COLLINS SUPPORTING THE LARIMER COUNTY PROPOSAL TO USE COUNTY MILL LEVY FUNDS FOR INTERSTATE 25 (I-25) IMPROVEMENTS WHEREAS, Interstate 25 (“I-25”) serves as the primary north-south highway connection for Northern Colorado including Fort Collins; and WHEREAS, I-25 is the primary roadway route for regional connectivity to commerce, health care, education and employment; and WHEREAS, I-25 is designated as a federal freight route; and WHEREAS, I-25 in Northern Colorado suffered damage and prolonged closure as a result of the September 2013 floods; and WHEREAS, it is critical that I-25 roads and bridges be made more resilient to impacts from weather emergencies and natural disasters; and WHEREAS, the Colorado Department of Transportation (“CDOT”) is making an application for a Risk and Resiliency grant, through a Presidential Challenge, to replace the Cache la Poudre Bridge, the Big Thompson Bridge, and the Little Thompson Bridge and to repair the Saint Vrain Bridge (collectively, the “Bridges”); and WHEREAS, CDOT has identified these Bridges as ‘pinch points’ that currently restrict expansion of the number of lanes on I-25 in northern Colorado; and WHEREAS, the Risk and Resiliency grant for the Bridges is a portion of a larger grant application for the entire State of Colorado that is scheduled to be evaluated and awarded by the end of 2015; and WHEREAS, the City Council recognizes that the grant request will need matching local funds to be viable and that Larimer County should provide a portion of that match; and WHEREAS, the City Council understands that the increased property valuations for Larimer County property owners in 2015 provides an opportunity to temporarily increase the Road & Bridge Mill levy for a period of five years without detriment to other County programs, without decreasing the amount currently shared back to local agencies, and without modifying the total mill levy; and WHEREAS, assessed valuations on properties in municipalities are shared between the municipality and Larimer County and assessed valuations on properties in the unincorporated areas go to Larimer County; and WHEREAS, on October 22, 2015, the Larimer County Board of Commissioners presented at the Larimer County Joint Regional Meeting to the eight communities within Larimer County (Fort Collins, Loveland, Berthoud, Estes Park, Wellington, Timnath, Windsor, and Johnstown) the concept of temporarily moving General Fund mill levy to Road & Bridge mill levy with each local government contributing their increased portion to I-25 improvements and the concept has been well received and verbally supported; and WHEREAS, the reallocation is estimated to generate approximately $5.3 million over the five years for use on I-25 and the remaining Larimer County funds, estimated at approximately $4.7 million, will be used on a regional project(s) that will benefit residents of the County including those residing within the eight communities listed previously; and WHEREAS, the Larimer County Board of Commissioners has asked that each community pass a resolution supporting the temporary reallocation of this portion of the County’s General Fund mill levy for I-25 for Larimer County budget approval purposes and will work with said communities to develop an intergovernmental agreement. NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that it hereby supports Larimer County’s shift of funds from the County’s General Fund to the County’s Road and Bridge Fund for a period of five years, increasing the Road and Bridge revenues by approximately $2,000,000 per year for the purposes of making improvements to Interstate 25. Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 17th day of November, A.D. 2015. _________________________________ Mayor ATTEST: _____________________________ City Clerk