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Home My WebLink About05/19/1982 . ~~~~!r(f"; ^~ I rd}J \..\ ",-,:= ~ -~~ Serving Local Governments Since 1955 Denver Regional Council of Governments 2480 W 261~ Avonue SU'le 2008 Denver Colorado 80211 3031455-1000 MEMORANDUM TO Transportation Advisory Committee '1ft Jeff May) FROM RE Revenue Sources for Year 2000 Transportation Plan Construction Needs DATE May 19, 1982 The technical assessment of the Year 2000 Restated Transportation Plan is underway One task of this assessment, the identification of roadway and interchange widening s and improvements dictated by this Plan, has been preliminarily completed The Colorado Department of Highways ha s developed planning cost estimates for these improvements, and regionwide the roadway capital cost of the Restated Plan exceeds $1 6 billion This implies a commit- ment of over $80 million annually for Plan roadway and interchange construction to year 2000 -- The attached lists identify roadway construction and interchange improvements within your Urban Service Area necessary to upgrade the roadway network to the Restated Plan Please nct€' that the DRCOG Urban Service Area may not cor- respond to your existing municipal boundaries I am forwarding these lists to you for two reasons The first is to permit you to review and comment on our assumptions, in particular with regard to existing conditions The second is to ask for your input on local funding mechanisms, if any, that you may be considering to finance or help finance these projects. Within the Plan a s a whole, nearly all necessary capital improvements could be considered as potentially eligible for some kind of Federal assistance (Interstate, Interstate transfer, Primary, Urban Systems) However, the availability of Federal and State funds to cover all projects will not be available, even in t...e most optimistic view For that rea son, much of the year 2000 Plan will ha. e to be accomplished using local resources Examples of these "local resources" are complete or partial construction by developers, financing via special districts or assessments, or construction using local municipal or county funds IOARD OHICfP$ Thomas A tQr'Jv: Cn..,.rnan T J '11\00 ~~,1..""0rth \i,,:t eM.,rman Dons Oural' S.c'eta''I'.T'e.a:>ur!'f Ve~t4 ~ Mdler ImmeJ,.!~ "'1'\1 Cl'1,1.,womdl"l RoDt-rt 0 ~"lj6.,. E ...-:...:,,,,. D:..clo( EXECUTrVE COMMITTE!. Marold V CO:J1o. Cna'Tman RCbt'rl A Brll;;;IS Jr \/ict' Ch.,rmiln DOn, Curdy Tnomu R E ggll.t T. J. 'led H,-cll.on'" Ke,., LeWIS WIll....... H M::Nlcl"lOIS J. V.S!iIH ,"4 ,!I t'f Jo"l"l p ~...rp"')' W.It., Tom',c AGEND^ ITLM~ CIT" -0F \VHEAT RIDGE MEMOR/~DU~.~ JUN 2D f~ To From Tom Barnhart, P1anncr II (member of DRCOG Transportation Adv j sory l.OHUlli tter City Council Subject DRCOG funding request One June 22, 1982 --\\5 Approved Date We have received a request from Denver Regional Council of Governments (DRCOG) to identify for possible local funding sources for major capital transportation improvemcnt projects in WheQt Ridge (see attached letter) DRCOG is not looking for Q commitment for local funds, but rQther possible sources such as special district, local funds, developer contribution ete The availability of 10cCll funding mechanisms when augmented by Federal or State funding can help achieve needed transportation improvements for Wheat Ridge in a more rapid m;mner The two transportation projects affecting Mleat Ridge are 1 Roadl'iay Wadsworth From 1-70 to W To 26th Improvement 4 lanes to 6 lane arterial 2 1-70 1-70/1-76 Intersection incorporate new 1-76 inter- change (to be shayed with ,\Y\',da) - Staff has analyzed possible local funding sources for both transportation proj ects and concludes the following 1 Both proi eets would benefit Lakewood and Arvada more than Wheat Ridge, although these improvements would increase traffic to businesses in the Town Center and would allow potential new development or redevelopment 2 The 1-70/1-76 interchange proi ect has fewer local funding sources than the Wadsworth improvcr,1('nt project, and is probably restricted to capital budget outlays or bonding 3 Wadsworth Blvd improvements could be financed through tax increment financing, developer contributions or through a special improvement district in addition to capital budget outlays Most of the improvements which could be financed through local sources would probably be in the Commercial Activity Center and not the entire length of Wadsworth Blvd Staff doubts that local funding for Wadsworth could exceed 2506 and would probably be much less DRCOG is requesting a response as soon as possible, however, staff feel this is a policy decision which should be consiJered by Council emh attach If you would t one of the attached sheets please identify thosp crojects that you feel may be buildable entirely or PQrtiully with "local I _ !Urces" Indicate the percentage of the project that "local resources" may cover. and the type of resource that you are envisioning, e g Market Street, SO percent build by developer, First Street, 100 percent special district. I will view local resources identified by you herein as informational only, not as a commitment by you and certainly not as a preclusion to funding through any other source However, I ask you not to consider this lightly. The cost of the Restated Plan has been and will continue to be a concern, and the validity of the contention that "it can be handled by local resources" must be checked So please complete one of the attached sheets and return it to me by June 15, 1982 skb Attachments - -2-