Resolution 2020-74 - Laserfiche WebLink

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INTERGOVERNMENTAL AGREEMENT FOR SHARING OF COSTS OF A CONCEPTUAL DESIGN PLAN FOR THE RECONFIGURATION OF STATE HIGHWAY 42 THIS AGREEMENT is made this day of , 2020 by and between the City of Lafayette, a Colorado home rule municipality ("Lafayette"), and the City of Louisville, a Colorado home rule municipality ("Louisville"), each a "Party" and collectively the "Parties." WHEREAS, the Parties are authorized by § 29-1-203, C.R.S. as amended, to enter into contracts or agreements for the sharing of costs; and WHEREAS, C.R.S. § 29-1-201, et SeMc ., authorizes and encourages local governments to make the most efficient and effective use of their powers and responsibilities by cooperating and contracting with one another to provide any function, service, or facility lawfully authorized to each; and WHEREAS, in accordance with § 29-1-203, C.R.S. as amended, each of the Parties is authorized to enter into this Agreement; and WHEREAS, the Parties desire to complete a plan and initial design for that portion of the State Highway 42 corridor extending between Empire Road in Louisville and Arapahoe Road/SH 7 in Lafayette (the "Plan"); and WHEREAS, the Plan is intended to examine the road cross-section, multimodal facilities including bike lanes and sidewalks, road/street intersections, transit infrastructure, future and current access needs, and other corridor improvements; and WHEREAS, the Plan will complete initial design (1 5%) for the reconfiguration of vehicle and multimodal use within the existing corridor (the "Project"); and WHEREAS, Louisville has applied for and received a federal Transportation Improvement Program grant for $350,000 to complete the Plan (the "Grant"), including initial design of improvements along the corridor, and has entered into a grant agreement with the Colorado Department of Transportation ("CDOT") setting forth the terms of the Grant; and WHEREAS, the Grant requires a local match of an estimated amount of $87,500 in matching funds ("Local Matching Funds") as a condition of receiving the Grant; and WHEREAS, the Parties desire to enter into an IGA to confirm their intent to undertake the Plan; to identify the allocation of the cost of the matching funds for the Plan; to establish the process by which such allocation and payment of matching funds will be accomplished; to set forth the agreement by the Parties as to the role of Louisville as the lead agency and executor of the Grant; and to acknowledge the Parties' intent to enter into a future agreement or an amendment to this Agreement if and when the Parties' move to the construction phase of the Project ("Construction Phase"). DOCUSign Envelope ID: DA14F4ED-5E3A-4A77-A31E-2666151FFEDE