Resolution 2017-32 - Laserfiche WebLink

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INTERGOVERNMENTAL AGREEMENT This INTERGOVERNMENTAL AGREEMENT (the "IGA") is made and entered into this i3k'day of , 2017 (the "Effective Date"), by and between the TOWN OF SUPERIOR, a Colorado municipality with an address of 124 East Coal Creek Drive, Superior, Colorado 80027 (the "Town"), and the CITY OF LOUISVILLE, a Colorado home rule municipality with an address of 749 Main Street, Louisville, CO 80027 (the "City") (each a "Party" and together, the "Parties"). WHEREAS, U.S. Highway 36 intersects the Town and the City; WHEREAS, 88th Street connecting the Town and the City is at or near capacity; WHEREAS, the construction of the Superior Town Center (the "Town Center") will create a need for travel between the Town and the City across U.S. Highway 36; WHEREAS, providing an alternate connection to and from the Superior Town Center will reduce traffic congestion, provide convenience to the traveling public and improve access to other destinations and employment centers such as Avista Hospital and the Monarch K-8 and High School campus; WHEREAS, Part 2 of Article 1 of Title 29, C.R.S. permits and encourages governments to make the most efficient and effective use of their powers and responsibilities by cooperating and contracting with other governments; WHEREAS, in the spirit of cooperation, the Parties wish to contribute initially to preliminary cost estimates (the "Estimates"), for the following:the Town's and the City's eastern north -south transportation corridor in the form of a bridge across U.S. Highway 36 from the Superior Town Center connecting to Campus Drive in the City and related connections and intersection improvements to connect to 96th Street or Tape Drive (the "Campus Drive Connection"); and improvements to 88th Street Bridge and necessary improvements from Rock Creek Parkway to Dillon Road (the "88th Street Corridor Improvements") (collectively, the "Campus Drive Connection and 88th Street Corridor Improvements"); WHEREAS, the Parties wish to set forth their understanding of the terms and conditions to pay for the Estimates, as set forth herein; and WHEREAS, following completion of the Estimates, the Parties will determine which improvements to submit for the Denver Regional Council of Goverments (DRCOG) Transportation Improvement Program (TIP). NOW THEREFORE, in consideration of the terms and conditions of this IGA, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 1. Term and Termination. This IGA shall commence upon the Effective Date and shall terminate on December 31, 2017. 1