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HomeMy WebLinkAbout1993-068-06/01/1993-BICYCLE STRIPING/SIGNAGE COLORADO DEPT TRANSPORTATION IGA STP FUNDS RESOLUTION 93-68 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE MAYOR TO EXECUTE AN INTERGOVERNMENTAL AGREEMENT WITH THE STATE DEPARTMENT OF TRANSPORTATION ALLOCATING $106,675 OF THE CITY OF FORT COLLINS SURFACE TRANSPORTATION PROGRAM FUNDS FOR A BICYCLE STRIPING/SIGNAGE PROJECT WHEREAS, the State Department of Transportation is responsible for the administration of Surface Transportation Program ("STP") funds; and WHEREAS, the State Department of Transportation has identified the City's Bicycle Striping/Signage Project ("the Project") as an eligible project to be funded utilizing STP funds and has appropriated such funds for the Project; and WHEREAS, the City has submitted initial design data to the state setting forth therein preliminary details, information and estimates of the cost of the Project, which data has been approved by the State of Colorado; and WHEREAS, the City has estimated that the total Project costs will not exceed One Hundred Six Thousand Six Hundred Seventy-five Dollars ($106,675) , with all direct Project costs to be funded through STP funds, and all indirect costs (estimated to constitute approximately two percent (2%) of the total Project cost) to be borne by the City; and WHEREAS, the City is prepared to proceed with the Project with the understanding that all costs in excess of One Hundred Six Thousand Six Hundred Seventy-five Dollars ($106,675) shall be borne by the City; and WHEREAS, the City Council has also budgeted and appropriated the necessary funds for the Project; and WHEREAS, the State of Colorado has presented an intergovernmental agreement to be entered into between the State Department of Transportation and the City of Fort Collins for the purpose of accomplishing the Project; and WHEREAS, Article III, Section 16, of the City Charter provides that the Council may enter into agreements with other governmental bodies for the performance of cooperative or joint activities; and WHEREAS, the Council of the City of Fort Collins considers it to be in the best interest of the City that said intergovernmental agreement be executed between the City and the State Department of Transportation. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the Mayor be, and hereby is, authorized to enter into an intergovernmental agreement between the City of Fort Collins and the State Department of Transportation of the State of Colorado for a bicycle striping/signage project known as "STM M455-007" including the "Remington and Mountain Conversion Project" and the "Bicycle Signage Project," upon the condition that One Hundred Six Thousand Six Hundred Seventy-five Dollars ($106,675) of the cost of said project shall be defrayed by utilizing STP funds and that any excess cost shall be borne by the City. Passed and adopted at a regular meeting of the Council of the City o fort Collins held this 1st day of June, A.D. 1993. j yor ATTEST: City Clerk