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RESOLUTION NO. 53 <br />SERIES 1998 <br /> <br />A RESOLUTION APPROVING AN AGREEMENT FOR FUNDING OF IMPROVEMENTS <br />TO THE INTERSECTION OF DILLON ROAD AND 96TH STREET <br /> <br /> WHEREAS, the City and Storage Technology Corporation have identified the need for left <br />mm lanes and traffic signalization at the intersection of Dillon Road and 96th Street within the City <br />(the "Intersection"), which Intersection is in close proximity to the Storage Technology facility <br />located within the City; and <br /> <br /> WHEREAS, an agreement has been proposed between the City and Storage Technology <br />Corporation for funding of the costs of installing left turn lanes and traffic signalization at the <br />Intersection; and <br /> <br /> WHEREAS, the City Council finds the proposed agreement is in the best interests of the <br />City and its citizens. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br /> <br /> 1. The proposed Agreement between the City of Louisville and Storage Technology <br />Corporation regarding funding of certain improvements to the intersection of Dillon Road and 96th <br />Street is hereby approved in essentially the same form as the copy of such Agreement accompanying <br />this Resolution. <br /> <br /> 2. The Mayor is hereby authorized to execute the Agreement, except that the Mayor is <br />hereby further authorized to negotiate and approve such revisions to the Agreement as the Mayor <br />determines are necessary or desirable for the protection of the City, so long as the essential terms and <br />conditions of the Agreement are not altered. <br /> <br />~ir,~ ...~- '"4 <br />ATT~ST:-~ ~'~' <br /> <br />PASSED AND ADOPTED this 15th day of September, 1998. <br /> <br />Tom Davidson, Mayor <br /> <br />Dave <br /> <br /> <br />