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City Council Meeting Minutes February 4, 2014 Page 25 of 28 OF LOUISVILLE AND THE COLORADO DEPARTMENT OF TRANSPORTATION FOR COMPLETION OF SEGMENT E OF PHASE II OF THE US 36 MANAGED LANE/BUS RAPID TRANSIT PROJECT—2nd Reading —Public Hearing —02/04/14 Mayor Muckle requested a City Attorney introduction. City Attorney Light introduced Ordinance No. 1658, Series 2014. Mayor Muckle opened the public hearing and requested a staff presentation. Parks and Recreation Director Stevens explained the Colorado Department of Transportation (CDOT) is planning to widen US36 from McCaslin Boulevard to 88th Street in Louisville. This is in connection with Phase II of the US 36 Managed Lane/Bus Rapid Transit Project. CDOT brought to the City's attention that CDOT owns Parcel 25Rev.X, identified on the Right-of-Way plan sheet, and the City of Louisville owns Parcel 8D as well as residual interests in Parcel 8E and 8F on the Right-of-Way plan sheet. CDOT maintains the area within Parcel 8D, 8E and 8F. The City of Louisville maintains the area within Parcel 25Rev.X. In order to clear title and align the ownership with each respective area, CDOT requests a land exchange. If the exchange of interests cannot be approved through Ordinance No. 1658, Series 2014, CDOT will exercise its power of eminent domain for Parcel 8D as this parcel is necessary to complete CDOT's project. This transaction does not have a significant fiscal impact. Staff recommended the City Council approve Ordinance No. 1658, Series 2014, on second and final reading. COUNCIL COMMENTS Council member Stolzmann inquired whether the proceeds of the land would be set aside for open space acquisitions. Parks and Recreation Director Stevens stated the exchange of funds is less than $600.00. City Manager Fleming explained it is classified as street right-of-way rather than open space. Mayor Muckle inquired whether there was any objection to putting the money into the general fund. There was Council consensus to do so. Mayor Muckle outlined Segment E of Phase II of the US 36 Managed Lane/Bus Rapid Transit Project from Table Mesa to McCaslin Boulevard. The legislators had asked CDOT to delay the financial closure so they can better understand the Plenary Roads contract. Mayor Muckle requested public comment and hearing none, closed the public hearing.