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A RESOLUTION DESIGNATING THE PROJECTS TO BE UNDERTAKEN AND FUNDED WITH THE PROCEEDS OF SALES AND USE TAX REVENUE BONDS SERIES 2022A AS AUTHORIZED BY VOTERS AT THE NOVEMBER 6, 2013 ELECTION.
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Summary and Background Information:
The Council’s decision to issue the remaining debt authorized by the 2013 ballot measure 2K requires the selection of the projects to be funded by the new debt. The financial advisors have now indicated that there will be approximately $37.4 million available for projects. The Council discussed possible projects at the planning retreat on March 5, 2022. Based on that discussion staff created another combination of projects for Council’s consideration. A spreadsheet is attached.
Proposed Projects
Second Creek Farms Neighborhood Park $4,000,600.00
Bison Ridge Park (incl possible first responders memorial $4,300,000.00
72nd Ave (US 85 to Colorado Blvd) $5,100,000.00
56th Ave (Brighton Blvd to US 85) $6,210,000.00
Chambers Road (106th Ave to 112th Ave) $8,700,000.00
96th Ave (Tower to Buckley) $5,100,000.00
62nd & Vasquez $2,000,000.00
Eagle Pointe Kitchen Remodel $625,000.00
67th/Hwy 2 Underpass $1,400,000.00
Total $37,435,600.00
Since the City may be able to obtain grants for the parks projects and/or development agreement funds from new developments along 96th Avenue, there are contingent projects listed in case additional funds are available.
Contingent Projects
Monaco Phase 2 of Renovations $1,600,000.00
Fitness Stations on RMANWR Perimeter Trail $150,000.00
One of Council’s priorities articulated on March 5 was to build a large park. The first two of proposed projects would build two large parks, one south of East 96th Avenue and one north of East 112th Avenue.
The next two projects (East 56th Avenue & East 72nd Avenue) would improve and widen 2-lane streets to a 4-lane minor arterial roadway configuration in the southern, historic part of the community. East 56th Avenue is in a very rough condition an...
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