Title
RESOLUTION APPROVING AN INTERGOVERNMENTAL AGREEMENT REGARDING CENTRAL PARK BOULEVARD IMPROVEMENTS
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Summary and Background Information:
This Intergovernmental Agreement with the City and County of Denver and the Park Creek Metropolitan District specifies the details of how the extension of Central Park Boulevard, north of 56th Avenue, will be constructed and funded. The alignment of the roadway was developed so that the centerline sits generally on the boundary line between Commerce City and Denver/Forest City. In the first phase, the Park Creek Metropolitan District will construct the easterly two lanes and the extension to the existing end of Prairie Parkway, in Commerce City. Park Creek will front all costs associated with the easterly two lanes from 56th Avenue to 61st Avenue, (Phase 1). Commerce City will pay for the two-lane extension from 61st Avenue to the end of Prairie Parkway as that portion of the roadway is completely within Commerce City’s boundaries. This construction will allow for two-way traffic from Prairie Parkway to 56th Avenue.
In the future, as development or traffic volumes warrant, Commerce City will undertake the construction of the westerly two lanes and pay for those costs, (Phase 2). It is anticipated that developer contributions will pay for a significant portion of these future costs. The estimated costs for Phase 1 and Phase 2 are roughly equivalent. However, upon completion of Phase 2, Park Creek and Commerce City will determine final costs for Phase 1 & Phase 2 combined, and one entity will pay the difference to the other so that the final costs for both phases are split 50/50.
Staff feels this is an equitable resolution to construct this important roadway connection. Commerce City was able to secure a DRCOG grant to extend bus service from the Stapleton area north to the Civic Center and 60th Avenue/64th Avenue. RTD will only extend bus service once this roadway connection is in place since they feel it will add ...
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