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Five -Year Capital Improvement Program
<br />Request for Capital Equipment or Capital Project
<br />Identification and Funding Source:
<br />Project Name: SH 42 Corridor Improvements
<br />Program(s):
<br />Transportation
<br />Sub-Program(s):
<br />Submitted By: Public Works
<br />Planning & Engineering
<br />Funding Source(s):
<br />Priority:
<br />Version:
<br />Capital Projects Fund
<br />16 04 12
<br />Percent
<br />100%
<br />100%
<br />Estimated Cash Flow Schedule:
<br />Equipment or Yea Year 2 Year 3 Year 4 Year 5 Five -Year
<br />Beyond
<br />Project Costs 2017 O 2p18 2019 2020 2021 Total
<br />5 Years
<br />Land Acquisition - / - - - - -
<br />Design & Engineering - 03,000 - 600,000 - 640,000
<br />2,400,000
<br />Other Prof Services - - - -
<br />-
<br />Construction .-11 100 1, 0,0 400,000 3,000,000 5,200,000
<br />12,200,000
<br />Other%� - - - a
<br />Capital Equipmei�� - - - -
<br />-
<br />Total Equip/Projec 300,!60 1 540,000 00,000 600,000 3,000,000 5,840,000
<br />14,600,000
<br />Grant(s) or Other
<br />-
<br />Project Revenue 0,750 1,500,000 2,488,750
<br />9
<br />6,100,000
<br />Impact to Annual
<br />Maint/Operating Costs ,, - - , , ♦ - - -
<br />-
<br />Description and Justification:
<br />-
<br />Azii cription & Proposed Funding:
<br />1.SH 42 Underpass (Design and Const Mange $300K) (Co st
<br />quipme'lir-ct Description:
<br />2018, $1.5M, Potential County Contribution 50%, 50 Contributi3n
<br />equestecl fundio design and construct segments of the 42
<br />50%, $750K)
<br />G project. Tire pr ' will be a joint effort between the City,
<br />2.Hecla Dr / SH 42 Traffic Signal (Design and Construc i an ement-
<br />oul County, the RT ansportation District and CDOT.
<br />2018, $40,000), (Construction - 2019, $400,000) (Potential C y
<br />Contribution: $210,625, Developer Contribution: $18,750 City
<br />•
<br />Contribution: $210,625)
<br />/
<br />3.Pine St. to Short St. Geometric Improvements including traffic s
<br />construction at Pine St. (Design and Construction Management - 20
<br />$600K) (Construction - 2021, $3M) (Potential County Contribution 50%,
<br />Cost allocati hodology r ects with more than one
<br />d' g s ce:
<br />City Contribution 50%)
<br />'ects breakd .
<br />4.Short St. to S. Boulder Rd. Geometric Improvements (Design and
<br />Construction Management- 2022+, $800K) (Construction - 2022+, $4.2M)
<br />';* 6
<br />(Potential County Contribution 50%, City Contribution 50%)
<br />5.S. Boulder Rd to Paschal Dr. Geometric Improvements (Design and
<br />•
<br />Construction Management - 2022+, $800K) (Construction - 2022+.
<br />$4M)(Potential County Contribution 50%, City Contribution 50%)
<br />Project re o grants, if n +�-, ill support the project
<br />and the impa o e operatin ,0 . get:
<br />6. Lock St to Pine St. including Roundabout (Design and Construction
<br />No grants have be dentified at this time. However, the city will
<br />Management- 2022+, $800K) (Construction - 2022+, $4M) (Potential County
<br />pursue grants. Traffi•signal maintenance costs will cost approximately
<br />Contribution 50%, City Contribution 50%)
<br />$500 annually for each new signal.
<br />Justification:
<br />Why is this equipment or project needed?
<br />This project will accommodate 20 year traffic forecasts and resolve multi -modal deficiencies currently present along the corridor.
<br />How does this project promote Program Goals?
<br />The project will provide effective multi -modal transportation along SH 42.
<br />What impact will this project have on the Key Indicators for this Program or Sub -Program?
<br />SH 42 projects will improve accessibility and mobility along the corridor.
<br />What is the return on investment or cost/benefit for this project?
<br />What alternatives to this project have been considered?
<br />A PEL was completed that also looked at a 5 lane roadway. The 5 lane alternative was more expensive and required ROW acquisition.
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