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RESOLUTION NO.35 <br />SERIES 2020 <br />A RESOLUTION APPROVING A FIRST AMENDMENT TO AN <br />INTERGOVERNMENTAL AGREEMENT FOR SHARING COSTS OF A <br />CONCEPTUAL DESIGN PLAN FOR THE RECONFIGURATION OF STATE <br />HIGHWAY 42 <br />WHEREAS, Louisville and Lafayette entered into that certain Intergovernmental <br />Agreement for Sharing Costs of a Conceptual Design Plan for the Reconfiguration of State <br />Highway 42, dated October 6, 2020 (the "Original Agreement"); and <br />WHEREAS, under the Original Agreement, the Parties agreed to share the costs of <br />developing a plan and initial design (15%) for that portion of the State Highway 42 corridor <br />extending between Empire Road in Louisville and Arapahoe Road (State Highway 7) in Lafayette <br />(the "Plan"); and <br />WHEREAS, under the Original Agreement, the Parties estimated the Plan to cost $437,500, <br />to which total $350,000 in Federal Transportation Improvement Program grant funds would apply; <br />and <br />WHEREAS, the Parties agreed to split the remaining cost to complete the Plan equally, and <br />estimated an $87,000 local match ($43,750 each) to complete the Plan; and <br />WHEREAS, the Parties have determined the actual cost of the Plan to be $662,784, with a <br />local match of $312,784 ($156,392 each) after applying the grant funds; and <br />WHEREAS, due to the substantial increase in project costs and the local match, there has <br />been prepared a First Amendment to the Original Agreement; and <br />WHEREAS, the City Council by this Resolution desires to approve the First Amendment. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br />Section 1. The First Amendment to Intergovernmental Agreement for Sharing Costs of <br />a Conceptual Design Plan for the Reconfiguration of State Highway 42, between the City of <br />Louisville and the City of Lafayette (the "First Amendment"), a copy of which accompanies this <br />Resolution, is hereby approved. <br />Section 2. The Mayor and City Clerk are hereby authorized to execute the First <br />Amendment, and the Mayor is hereby further authorized to negotiate and approve such revisions to <br />the First Amendment as the Mayor determines are necessary or desirable for the protection of the <br />City, so long as the essential terms and conditions of the First Amendment are not altered. <br />Resolution No. 35, Series 2021 <br />Page 1 of 2 <br />