Title
RESOLUTION APPROVING AN INTERGOVERNMENTAL AGREEMENT WITH THE COLORADO DEPARTMENT OF TRANSPORTATION RELATED TO OWNERSHIP OF STATE HIGHWAY 2, RESPONSIBLE ACCELERATION OF MAINTENANCE AND PARTNERSHIPS (RAMP) PROGRAM
Body
Summary and Background Information:
The City will be receiving $15.7M from CDOT to take over ownership and maintenance responsibilities for 8.676 miles of State Highway 2 between mile marker 11.100 and mile marker 19.776. This action concurs with CDOT's evaluation that this segment of highway no longer serves the ongoing purposes of the State Highway System. The City and CDOT are entering into an Intergovernmental Agreement (IGA),which outlines the condition of the abandonment of the highway segment by the State and acceptance by the City.
Staff Responsible (Department Head): Maria D'Andrea, Director of Public Works
Staff Member Presenting: Maria D'Andrea, Director of Public Works
Financial Impact: $15,700,000 (grant); $5,000,000 (city)
Funding Source: CIPP
Staff Recommendation: Approve the resolution
Suggested Motion: I move to approve resolution 2015-04.