SUBJECT: Consent Agenda
Title
A Resolution of the Board of Trustees of the Town of Erie Approving a Cost Sharing Intergovernmental Agreement Between the Town of Erie and Colliers Hill Metropolitan District No. 3
Body
DEPARTMENT: Public Works
PRESENTER/PREPARER: Todd Fessenden, Public Works Director
Dave Pasic, Town Engineer
Wendi Palmer, Civil Engineer
FISCAL SUMMARY:
Cost as Recommended: $3,225,622.59
Balance Available (2021 Funds): $5,695,000.00
Fund: DayBreak Urban Renewal Area
Budget Line Item Number: 800-90-871-605000-100031
New Appropriation Required: Yes
STAFF RECOMMENDATION:
Recommendation
Approve the Resolution to approve said agreement, authorizing the appropriate Town officer to execute said agreement and authorize staff to expend budgeted funds.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
In 2013 the Town approved the Urban Renewal Plan for the DayBreak Area Urban Renewal Area (now Colliers Hill), and the Town of Erie Urban Renewal Authority approved intergovernmental agreements with taxing entities imposing a mill levy on property within the DayBreak Urban Renewal Area.
The funds generated from the DayBreak Urban Renewal Area are intended to be used for public improvements including traffic and signalization improvements and re-use water and irrigation system improvements.
The Seventh Amendment to the Bridgewater Annexation Agreement, entered into July 31, 2020 between The Town of Erie and Daybreak Recovery Acquisition LLC includes extending the existing raw water line in Colliers Hill to the Raw Water Storage Tank, and south to Erie Parkway. The Town's share of the cost is 75% and Daybreak Recovery Acquisition LLC's share of the cost is 25%.
Town staff and The Colliers Hill Metropolitan District No. 3 (Metro District) have worked together to design improvements to widen WCR 5 from Erie Parkway to WCR 10. The improvements on the west side are the responsibility of Colliers Hill and the...
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