Resolution 1993-28 - Laserfiche WebLink

Home Browse Search

.-/~ STM M825-001 Pine Street, Louisville Region 4 CON1RACT TIllS CONTRACT, made this day of I 19 I by and between the State of Colorado for the use and benefit of TIlE DEPARTMENT OF TRANSPORTATION, hereinafter referred to as the State, and the CITY OF LOUISVILLE, STATE OF COLORADO, hereinafter referred to as the Local Agency or as the Contractor, WHEREAS, authority exists in the law and funds have been budgeted, appropri- ated and otherwise made available and a sufficient unencumbered balance thereof remains available for payment of project and Local Agency costs in Fund Number 400, Organization Number 9991, Appropriation Code 010, Program 2000, Function 3020, Object 2312 1P, Originating Unit 4062, Contract Encumbrance Number 93315 [00] D (Contract Encumbrance Amount $18,000.00); and WHEREAS, required approval, clearance and coordination has been accomplished from and with appropriate agencies; and WHEREAS, pursuant to Title I, Part A, Section 1007 of the Intermodal Surface Transportation Efficiency Act of 1991, certain Federal funds have been and will in the future be, allocated for projects eligible under the Surface Transportation Program, hereinafter referred to as the program; and WHEREAS, pursuant to the program, Federal-aid funds have been made available for a project, identified as STU M825-001 for preliminary engineering, and construction to upgrade Pine Street in Louisville, Colorado, hereinafter referred to as the work; and WHEREAS, the matching ratio for this Federal-aid project is 83% Federal-aid funds to 17% Local Agency funds, it being understood that such ratio applies only to such costs as are eligible for Federal participation, it being further understood that all non-participating costs are borne by the Local Agency at 100%; and WHEREAS, the Local Agency has estimated the total cost of the work and is prepared to provide its share of the cost as evidenced by an appropriate ordinance or -1-