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HomeMy WebLinkAbout1995-124-09/05/1995-ALTERNATIVE MODES COLORADO DEPT TRANSPORTATION CONSTRUCTION FORT COLLINS HIGH SCHOOL IGA UNDERPASS P RESOLUTION 95-124 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE MAYOR TO EXECUTE AN INTER-GOVERNMENTAL AGREEMENT WITH THE COLORADO DEPARTMENT OF TRANSPORTATION FOR THE CONSTRUCTION OF THE VERMONT BICYCLE/PEDESTRIAN UNDERPASS PROJECT WHEREAS, the City Council has determined that it is in the best interests of the citizens of the City that a bicycle/pedestrian trail be established under the Union Pacific Railroad commencing in the vicinity of the intersection of Centennial Road and Parklake Drive and continuing to the intersection of Vermont Drive and Eastbrook Drive (the "Vermont Bicycle/Pedestrian Underpass Project' or"the Project'); and WHEREAS, the Council has determined that the Project would encourage the alternative modes of pedestrian and bicycle transportation to and from the new Fort Collins High School and employment and retail centers along Timberline Road; and WHEREAS,federal funds have been made available to assist in the financial support of the Project, which funds are to be administered through an intergovernmental agreement with the Colorado Department of Transportation; and WHEREAS, the Council has determined that the Mayor should execute an inter- governmental agreement with the Colorado Department of Transportation for the funding of the Project, utilizing federal funds in the sum of Three Hundred Forty-two Thousand Dollars ($342,000.00) and City funds for the remaining Sixty Nine Thousand Dollars ($69,000) of the total project cost of Four Hundred Eleven Thousand Dollars ($411,000). NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the Mayor be, and hereby is, authorized to execute an intergovernmental agreement with the Colorado Department of Transportation for the construction of the Vermont Bicycle/Pedestrian Underpass Project for a total cost not to exceed Four Hundred Eleven Thousand Dollars ($411,000), Three Hundred Forty-two Thousand Dollars ($342,000.00) of which shall be funded utilizing federal funds through the Colorado Department of Transportation with the remaining balance of the project,in the sum of Sixty Nine Thousand Dollars ($69,000),to be funded utilizing City funds. Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this 5th day of September, A.D. 1995. Yr /jATTEST: City Clerk