City Council Minutes 2013 05 21 - Laserfiche WebLink

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City Council Meeting Minutes May 21, 2013 Page 17 of 19 MOTION: Mayor Pro Tem Dalton moved to approve the LRC Term Sheet as a basis for the LRC proceeding further with a potential future bond issue for the Core Area infrastructure Project within the Highway 42 Revitalization Area, seconded by Council member Loo. All were in favor. RESOLUTION No. 30, SERIES 2013 — A RESOLUTION APPROVING A CONTRACT WITH THE COLORADO DEPARTMENT OF TRANSPORTATION CONCERNING THE FUNDING, DESIGN AND CONSTRUCTION OF A PEDESTRIAN /BIKE UNDERPASS BENEATH US 36 AT DAVIDSON MESA Mayor Muckle requested a staff presentation. Deputy City Manager Balser explained Resolution No. 30, Series 2013 approves a contract with CDOT for the City to provide 3/4 of the cost of the design and construction for a pedestrian /bike underpass beneath US 36 at Davidson Mesa. This is in connection with the completion of the US 36 Managed Lane /Bus Rapid Transit project, and CDOT will install a concrete culvert underpass beneath US 36 at Davidson Mesa which will provide a pedestrian /bike connection from Davidson Mesa to Marshall Road. The City is contributing $487,500 of the total project cost of $650,000. Boulder County has committed $162,500 in a separate IGA. The US 36 Managed Lane /Bus Rapid Transit project represents the best opportunity to construct a grade separated crossing at this location because the Design -Build Team will be replacing an adjacent irrigation culvert and will have traffic control measures in place to construct the new culvert. CDOT /Concessionaire will be able to use the same traffic control measures in place for the US 36 Managed Lane /Bus Rapid Transit project to construct the multi -use underpass. Staff estimates the cost would be at least 2 -3 times more expensive do this independently, outside of the US 36 Managed Lane /Bus Rapid Transit project. Fiscal Impact: $162,500 in 2013, $162,500 in 2014, $162,500 in 2015 from the Conservation Trust Fund. The 2015 contribution is part of the budget amendment before City Council this evening. The 2013 and 2014 budgeted amounts were part of the 2013 CIP. Louisville will continue to pursue Superior's financial participation in the underpass outside of this agreement. Staff recommended the City Council approve Resolution No. 30, Series 2013. COUNCIL COMMENT Council member Loo felt it was a great price and a great project. She inquired about the Town of Superior's participation. Deputy City Manager Balser stated Louisville staff will pursue Superior's financial participation to the underpass outside of this agreement. Mayor Muckle and Council member Jasiak voiced their support for the project.