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HomeMy WebLinkAbout2010-072-12/07/2010-AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT AMENDMENT WITH THE COLORADO DEPARTMENT OF TRANSPORTATION RESOLUTION 2010-072 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT AMENDMENT WITH THE COLORADO DEPARTMENT OF TRANSPORTATION TO ADD FUNDING FOR THE LINDEN STREET STREETSCAPE PROJECT WHEREAS, Linden Street is the link between the Old Town Square and the area known as the"Downtown River District"which includes existing and future residential areas,cultural and arts venues, commercial and retail centers, and industrial businesses; and WHEREAS, as Linden Street is extended northeast of its intersection with Jefferson Street, it serves a variety of industrial and commercial uses and is also located near the vicinity of the original "Fort Collins" military encampment; and WHEREAS, the roadway in this vicinity is in need of attractive and functional sidewalks, bike lanes, landscaping, street trees and on-street parking areas; and WHEREAS, the Linden Street Streetscape Project (the "Project") will add curb, gutter, sidewalk, on-street parking, bike lanes, urban design,historic interpretive features and landscaping to Linden Street between Jefferson Street and the Poudre River; and WHEREAS, the City Council has previously appropriated the sum of$1,000,000 for the Project, $250,000 of which was provided to the City through a grant from the Colorado Department of Transportation("CDOT"),pursuant to an intergovernmental agreement between CDOT and the City dated March 5, 2009, (the "Original CDOT IGA"), which grant was made possible by an appropriation of federal funds to CDOT under the "Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users" (SAFETEA-LU); and WHEREAS, the Downtown Development Authority has offered additional funding in the amount of$500,000 for the Project and CDOT has also offered a Congestion Mitigation and Air Quality grant in the amount of$580,000 to the City for a total increase in funding of$1,080,000 to support the Project; and WHEREAS,under the new CDOT grant,the matching funds that were provided by the City under the Original CDOT IGA,in the amount of$250,000 of"Building on Basics"tax revenue,will also satisfy the matching funds requirement for the additional CDOT grant; and WHEREAS, all of the planned improvements along Linden Street will be designed and constructed to be environmentally sensitive to the Poudre River and will be consistent with the City's Poudre River Enhancement Project, and the improvements should also have a positive impact on long-term air quality and should result in increases in property value and taxable sales in the vicinity of the improvements; and WHEREAS, the City Council has determined that it is in the best interests of the City to amend the original CDOT IGA and accept the additional CDOT funding for the Project; and NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the Mayor is hereby authorized to execute an amendment to the original CDOT IGA to add $500,000 in funding from the Downtown Development Authority and $580,000 in the form of CMAQ federal funds in the support of the Linden Street Streetscape Project. Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 7th day of December A.D. 2010. r Mayor ATTEST: 0 City.Clerk