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WHEREAS, Let's Go Colorado could be expected to raise $767 million in its first year and allow for bonding of $6 billion for state projects; and WHEREAS, of the revenue generated by Proposition 110, 60 percent would be directed to state transportation projects, multimodal transportation investments, and bond repayment, with $705 million slated to fund projects that are significant regional priorities for City of Louisville residents, workers, and visitors, including: • State Highway (SH) 119 (Diagonal Highway)- from Downtown Boulder to Downtown Longmont Managed/express lanes, regional arterial Bus Rapid Transit (BRT), safety measures, and commuter bikeway and other multi - modal improvements, • SH 7, Downtown Boulder to Downtown Brighton Managed/express lanes, arterial BRT, safety measures, and commuter bikeway and other multimodal improvements, • SH7 /I-25 Interchange/Multimodal Hub Interchange reconstruction and a multimodal hub with transit/bike/pedestrian improvements to improve transit connections between North 1-25 and the SH7 /Arapahoe Avenue corridor, • US 287 from SH 66 to US 36 Managed/express lanes, arterial BRT, safety measures, and multimodal improvements, • SH 42/95th Street Managed/express lanes, arterial BRT, safety measures, and commuter bikeway and other multimodal improvements, • US 36/28th Street and SH 93/Broadway Operational improvements for multiple regional BRT routes, • SH 95/Sheridan Boulevard Lane balancing and multimodal grade separation of the US 36 Bikeway; and WHEREAS, the remaining 40 percent of new revenue generated by Proposition 110 would be allocated equally between county and municipal governments and made available for multimodal capital or operational expenses as determined by local transportation needs; and WHEREAS, the City of Louisville benefits directly from Proposition 110 with $27.8 million in funding for SH 42 and an additional $20 million over 20 years for local transportation improvements; and WHEREAS, Proposition 110 is aligned with two positions on the City of Louisville Legislative Agenda, which state that "The City supports one or more new, designated state funding sources for transportation that are not reliant on the State General Fund" and "The City supports investments in the maintenance and expansion of the state and regional transportation network, including roads, bridges and transit projects, as well as improved multi -modal strategies that increase transportation options, improve mobility and reduce congestion and greenhouse gas emissions." Resolution No. 41, Series 2018 Page 2 of 3