Title
RESOLUTION AUTHORIZING COST SHARE AGREEMENT WITH REUNION METROPOLITAN DISTRICT RELATING TO IMPROVEMENTS TO 112TH AVENUE AND BUFFALO RUN GOLF COURSE AND THE EXECUTION AND ACQUISITION OF TEMPORARY CONSTRUCTION EASEMENTS ASSOCIATED WITH THAT AGREEMENT
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Summary and Background Information:
Oakwood and the Reunion Metro District approached the City about designing improvements to 112th Avenue between Blackhawk and Tower Road. The Reunion Metro District proposed tackling 112th Avenue in three phases. Phase 1 is the intersection of Chambers Road and 112th east to Parkside Drive. Phase 2 is Blackhawk to Chambers. Phase 3 is Parkside Drive to Tower Road. This phasing was determined due to the order of development planned for the adjoining vacant land.
Phase 1 has been designed and bid. The draft IGA regarding the cost share between the City, South Adams County Water and Sanitation District, and the Reunion Metro District will be presented to City Council on November 4 for action.
The cost share for Phase 1 shows the Reunion Metro District paying for $5,217,582, SACWSD paying for $989,929, and Commerce City being responsible for $5,442,726.
The attached IGA details the cost share.
Staff Responsible (Department Head): DCM Roger Tinklenberg
Staff Member Presenting: DCM Roger Tinklenberg
Financial Impact: $5,442,726.00
Funding Source: $4,795,675.00, 2020 CIPP & $647,051.00, 2021 CIPP
Staff Recommendation: Approve the intergovernmental agreement for 112th Avenue, Chambers Road to Parkside Drive.
Suggested Motion: I move to approve the intergovernmental agreement with the Reunion Metropolitan District providing a cost-share agreement for improvements to East 112th Avenue.