RESOLUTION NO. 38-15
A RESOLUTION AMENDING AN AGREEMENT WITH THE COLORADO DEPARTMENT OF TRANSPORTATION FOR WORK ON THE I-70 AT HORIZON DRIVE (EXIT 31) INTERCHANGE IMPROVEMENTS PROJECT, AUTHORIZING CITY MATCHING FUNDS AND AUTHORIZING THE CITY MANAGER TO SIGN AMENDMENT #1 TO THE APRIL 23, 2014 INTERGOVERNMENTAL AGREEMENT WITH THE COLORADO DEPARTMENT OF TRANSPORTATION
Recitals:
The City has requested funds from the Colorado Department of Transportation’s (CDOT) Responsible Acceleration of Maintenance and Partnerships (RAMP) program to construct two roundabouts at the ramp termini replacing the three signals improving not only vehicular traffic circulation but also bike and pedestrian access and safety.
RAMP program funds were awarded by CDOT for the project and are documented through an Intergovernmental Agreement (IGA) between the Colorado Department of Transportation (CDOT) and the City of Grand Junction dated April 23, 2014. The Project Number is PROJECT NHPP 0701-223 (19911) and is referred to as RAMP 3-24. Based on actual bids received the April 23, 2014 IGA is revised by this IGA Amendment #1 increasing the City’s participation in the construction phase to $1,412,950. Including ROW, the total City contribution of matching funds is $1,708,650 toward the $6,608,000 project.
Pursuant the IGA Amendment #1, should the final construction cost be less than the estimated construction amount, the State shall reimburse the City 100% up to $553,630, and thereafter 20% of any savings above that amount.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAND JUNCTION THAT:
State RAMP program funds in the amount of $4,623,000 awarded toward the I-70 at Horizon Drive (Exit 31) Interchange Improvements Project are hereby accepted and that the City Manager is hereby authorized to expend $1,708,650 in matching funds for the project and specifically $1,412,950 towards construction. The City Manager is authorized to execute and enter into the Intergovernmental Agreement with the Colorado Department of Transportation.
PASSED AND APPROVED this 19th day of August, 2015.
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Phyllis Norris
President of the Council
ATTEST:
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Stephanie Tuin
City Clerk
