HomeMy WebLinkAbout07646ORDINANCE NO. 7646
AN ORDINANCE ESTABLISHING CAPITAL PROJECT NO. CP0712 — FY 2007 DILLON DRIVE /1-
25 OVERPASS 1601 STUDY AND BUDGETING AND APPROPRIATING $200,000 FROM THE
GENERAL FUND RESERVES AND TRANSFERRING SAID AMOUNT INTO CAPITAL PROJECT
NO. CP0712
WHEREAS, growth on the City of Pueblo's north side adjacent to 1 -25 will necessitate the
connection of Dillon Drive across and connecting to the interstate at approximately Mile Post 103,
and;
WHEREAS, the 1601 Study is the first step in the approval process of creating a new
interstate interchange and;
WHEREAS, City of Pueblo has been approved to receiving grant funding from a federal
highway appropriations bill for this project, which will include the 1601 Study, design, and a portion
of construction; and
WHEREAS, local agencies (City & CDOT) must provide matching funds equaling 20% of
the grant total;
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1.
Funds in the amount of $200,000 shall be transferred from the General Fund Reserves into
Capital Project No. CP0712 — FY 2007 DILLON DRIVE /1 -25 OVERPASS 1601 STUDY.
SECTION 2.
The City of Pueblo and the Colorado Department of Transportation will enter into a contract
detailing the scope of services each entity will provide for the study and agreeing upon their
respective funding.
.qFrTIr)N
Study.
Funds will be used to contract with an engineering consulting firm to prepare the 1601
INTRODUCED Auaust 13. 2007
BY Randy Thurston
Councilperson
APPROVED: a u & " e - )
#?ESIDEINTof City Council
ATTESTED BY:
CITY CLERK
PASSED AND APPROVED: Auqust 27, 2007
Ord. �(H(p
MEMO=
Background Paper for Proposed
ORDINANCE
AGENDA ITEM #
DATE: AUGUST 13, 2007
DEPARTMENT: PUBLIC WORKS
DIRECTOR — DANIEL E. CENTA, P.E.
TITLE
AN ORDINANCE ESTABLISHING CAPITAL PROJECT NO. CP0712 - FY 2007 DILLON
DRIVE /1 -25 OVERPASS 1601 STUDY AND BUDGETING AND APPROPRIATING
$200,000 FROM THE GENERAL FUND RESERVES AND TRANSFERRING SAID
AMOUNT INTO CAPITAL PROJECT NO. CP0712
ISSUE
Should City Council authorize the use of funds in the amount of $200,000 to establish a new
capital project for a 1601 Study of the Dillon Drive /1 -25 Overpass.
RECOMMENDATION
Approval of this Ordinance.
BACKGROUND
Recent growth on the City of Pueblo's north side adjacent to I -25 will necessitate the connection
of Dillon Drive across and connecting to the interstate at approximately Mile Post 103. The first
step in the process of creating a new interstate interchange is to comply with CDOT's Procedural
Directive No. 1601.1, commonly known as a 1601 Study.
Funding for this project (1601 Study, design, and construction) has been approved from a
Federal Highway Administration (FHWA) SAFETEA -LU grant in the amount of $4,280,000.
As a condition of receiving the grant monies, the local agencies (City & CDOT) must provide
matching funds equaling 20% of the grant total. A portion of the grant funds will be used to
contract with an engineering consulting firm to perform the 1601 Study.
FINANCIAL IMPACT
This Ordinance will budget and appropriate monies to fund the 1601 Study, which is the first
phase of the project. The study will initially be funded from the General Fund Reserves
Account, however revenues from the North Pueblo Urban Renewal Project Tax Increment
Financing (TIn will be used to reimburse the general fund, subject to approval by the Urban
Renewal Authority. It is anticipated that CDOT will also contribute $200,000 for matching
funds.