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HomeMy WebLinkAbout2003-053-04/15/2003-AUTHORIZING THE MAYOR TO EXECUTE AN INTERGOVERNMENTAL AGREEMENT WITH THE COLORADO DEPARTMENT OF TRAN RESOLUTION 2003-053 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE MAYOR TO EXECUTE AN INTERGOVERNMENTAL AGREEMENT WITH THE COLORADO DEPARTMENT OF TRANSPORTATION REGARDING THE INSTALLATION OF ADDITIONAL TRAFFIC MANGEMENT EQUIPMENT FOR THE ADVANCED TRAFFIC MANAGEMENT SYSTEM WHEREAS, the City has begun the process of replacing the City's traffic signal system and currently has 41 intersections operating under a new and reliable Advanced Traffic Management System (ATMS); and WHEREAS, the City Council has appropriated $5,007,018 towards replacing the traffic signal system; and WHEREAS, the Colorado Department of Transportation (CDOT) has awarded a federal Congestion Mitigation and Air Quality grant to the City in the amount of$345,628 federal funds and the City has available the amount of$84,372 matching local funds for a total of$430,000 for the funding of the cost of the additional traffic management equipment; and WHEREAS, the Council has determined that it in the best interests of the City that the Mayor execute an intergovernmental agreement with CDOT for the purpose of funding said additional traffic management equipment. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT COLLINS that the Mayor is hereby authorized to execute an intergovernmental agreement between the City and CDOT regarding the installation of additional traffic management equipment for the new ATMS. Passed and adopted at a regular meeting of the City Council heliis 15th day of April, A.D. 2003. ,- Mayor ATTEST: City Clerk