HomeMy WebLinkAboutResolution-2006-0037
CITY OF WHEAT RIDGE, COLORADO
RESOLUTION NO 37
Series of 2006
TITLE:
A RESOLUTION APPROVING AN APPLICATION FOR A
$3,000,000 LOAN FROM THE COLORADO ST ATE
INFRASTRUCTURE BANK FOR FUNDING OF THE 40TH
A VENUE UNDERPASS OF INTERSTATE HIGHWAY 70
WHEREAS, the City Council wishes to provIde for the construction of certain hIghway
improvements at the crossing of 40th Avenue with 1-70; and
WHEREAS, the CIty IS negotiating a contract with the Colorado Department of
Transportation, for the purpose of havIng the 40th Underpass Included In a Colorado Department
of Transportation construction project, and;
WHEREAS, the cost of the 40th Underpass project constructIOn, Including construction
engineering and matenals testmg is estimated to be $5,200,000, and
WHEREAS, the Colorado State Infrastructure Bank is a possible source of a $3,000,000
loan for the 40th Underpass project.
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 40th Avenue Underpass project is hereby approved,
Section 2,Effective Date ~ August 14,2006,
This Resolution shall be effective ImmedIately upon adoption,
DONE AND RESOLVED thIs 141; day of A-W(M~r ,2006
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