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HomeMy WebLinkAbout2004-007-01/20/2004-AUTHORIZING THE MAYOR TO ENTER INTO A CONTRACT FUNDING INCREASE APPROVAL LETTER WITH THE COLORADO DE RESOLUTION 2004-007 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE MAYOR TO ENTER INTO A CONTRACT FUNDING INCREASE APPROVAL LETTER WITH THE COLORADO DEPARTMENT OF TRANSPORTATION FOR THE CONSTRUCTION OF THE NORTH COLLEGE AVENUE CORRIDOR IMPROVEMENTS, PHASE I WHEREAS, the 'Building Community Choices" 1/4 cent sales tax (BCC) approved in the April 8, 1997 election provides funding for,among other things,the first phase of the North College Avenue Improvement Project (the "Project"); and WHEREAS,the first phase of the Project includes the portion of North College Avenue from the Jefferson Street/Maple Street intersection to Vine Drive and has been developed in accordance with the North College Avenue/US 287 Access Management Plan; and WHEREAS,pursuant to the Transportation Equity Act of the 21st Century of 1998,certain funds have been allocated for highway projects, under the Surface Transportation Program (STP) program, that have been proposed by the Colorado Department of Transportation (CDOT) and approved by the Federal Highway Administration; and WHEREAS, by Resolution 2002-023 the City Council authorized the execution of a Congestion Mitigation and Air Quality("CMAQ")contract with CDOT for the purpose of providing funding for the bicycle/pedestrian improvements in the first phase of the Project, the total cost of which additional improvements was estimated to be $177,000, to be funded with federal participating funds in the amount of$142,270 and with City participating funds in the amount of $34,730; and WHEREAS,CDOT later presented to the City for execution an additional CMAQ contract funding increase approval letter for the purpose of providing additional funding for the first phase of the design and construction of the Project, in the amount of$278,000; and WHEREAS, CDOT has now presented to the City for execution an additional contract funding increase approval letter for the purpose of providing additional STP funding for the Project; and WHEREAS, the amount of additional funding to be made available to the City through the foregoing STP grant is $200,143, which amount will be conditioned upon the City providing matching funds in the amount of$48,857; and WHEREAS, the Council has determined that it is in the best interests of the City that the proposed STP contract funding increase approval letter as described above be entered into between the City and CDOT. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the Mayor is hereby authorized to execute a STP contract funding increase approval letter between the City and the Colorado Department of Transportation for the purpose of providing additional funding for the improvements in the first phase of the North College Avenue Corridor Improvement project, with said contract to provide federal participating STP funds in the sum of TWO HUNDRED THOUSAND ONE HUNDRED FORTY THREE DOLLARS ($200,143) and City participating funds in the sum of FORTY EIGHT THOUSAND EIGHT HUNDRED FIFTY SEVEN DOLLARS($48,857)fora total amount of TWO HUNDRED FORTY NINE THOUSAND DOLLARS ($249,000). Passed and adopted at a regular meeting of the City Council held this 20th day of January, A.D. 2004. Mayor Pro Tem ATTEST: 0 City Clerk QN