SUBJECT:
Title
A Resolution of the Board of Trustees of the Town of Erie Approving an Intergovernmental Agreement with the City of Lafayette Concerning the 111th and Arapahoe Road Intersection Safety Improvement Project
Body
DEPARTMENT: Public Works
Responsible Department
PRESENTER(S): Todd Fessenden, Public Works Director
David Pasic, Town Engineer
First Name, Last Name, Title
POLICY ISSUES:
This is a standard IGA, there are no policy issues. Staff has determined the two key provisions in the IGA as described in the report are acceptable.
STAFF RECOMMENDATION:
Recommendation
Approve the Resolution approving said agreement, authorize the appropriate Town of Erie officer to execute said agreement, authorize staff to administer the agreement.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The Town of Erie staff is working with the City of Lafayette staff to improve the safety at the intersection of 111th Street and Arapahoe Road. The intersection is located within the boundaries of both the Town of Erie and the City of Lafayette. See the attached Vicinity Map.
The Intergovernmental Agreement (IGA) with the City documents the terms and conditions for cost sharing between the City and the Town for the design and construction of intersection improvements, and the reimbursement to Erie for the City's share of costs. Three corners of the intersection are located in Erie's jurisdiction and the remaining corner is located in Lafayette's jurisdiction. For that reason, the IGA proposes a 75% Erie/25% Lafayette cost share. The basis for the City's share to be reimbursed to Erie is based on an original budgeted amount of $12,500 for Design which may be increased as outlined in the IGA and 25% of the construction costs. Based on current cost estimates the cost sharing is as follows:
Cost Type Estimated Cost Erie Share Lafayette Share
Design $ 96,063 $ 83,863 $12,500
Construction $292,000 $219,000 $73,000
Total Project ...
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