HomeMy WebLinkAboutResolution-2006-0047
CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO 47
SerIes of 2006
TITLE:
A RESOLUTION APPROVING AN APPLICATION FOR A
$3,000,000 LOAN FROM THE COLORADO STATE
INFRASTRUCTURE BANK FOR PARTIAL FUNDING OF
IMPROVEMENTS TO THE INTERSTATE 70 AND 32ND AVENUE
INTERCHANGE
WHEREAS, the City Council WIshes to faCIlitate the fundIng for the construction of the
transportatIOn infrastructure associated WIth the I-70/32od A venue Interchange Improvements
Environmental Assessment (EA); and
WHEREAS, the CIty is negotIatIng with the Cabela's, Coors, Sullivan, Jefferson County
and the Colorado Department of TransportatIon, for the purpose of sharing In the costs
assOCIated with SaId Improvements, and,
WHEREAS, the cost of the widenIng portion of the I-70/32od Avenue Interchange
Improvements, IS estImated to be $11,550,000, and,
WHEARAS, the CIty antIcipates contributing up to $3,275,000 as our share of the
aforementIOned I-70/32od A venue Interchange Improvements, and,
WHEREAS, the Colorado State Infrastructure Bank is a possible source of a $3,000,000
loan for the I_70/32od A venue Interchange Improvements,
NOW, THEREFORE, BE IT RESOLVED by the Wheat RIdge City Council, that:
Section 1. ApplicatIOn Approved.
The applIcation to the Colorado State Infrastructure Bank in the amount of $3,000,000
for use in fundIng the I-70/32od Avenue Interchange Improvements project IS hereby
approved,
Section 2,Effective Date - September 25, 2006
This Resolution shall be effective immediately upon adoption
DONE AND RESOLVED this .2j.f,L day of A('LUd"1",2006
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