To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Dan Sailer, P.E., Director of Public Works
Aaron Monks, Project Manager
Title
Resolution Approving the Federal Build Grant Agreement for Pre-Construction Activities and Right-Of-Way Acquisition Associated with the Construction of the Crystal Valley Parkway Interchange
Body
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Executive Summary
The Town of Castle Rock has received a federal BUILD grant to complete the pre-construction activities, including right-of-way acquisition (ROW) and design of the Crystal Valley Interchange (CVI) with Interstate 25 on the south side of Town. The project will also re-evaluate the previously approved Environmental Assessment and obtain all necessary environmental clearances. In the fall 2020, the Town received word that the United States Department of Transportation awarded the Town $5.4 million in federal funds for the CVI pre-construction activities. The federal funds have been awarded as part of the regional Transportation Improvement Program (TIP) administered through the Denver Regional Council of Governments (DRCOG) and the Colorado Department of Transportation (CDOT). The purpose of this item is to request approval of the BUILD Grant agreement (Attachment A) with the United States Department of Transportation.
Discussion
The agreement identifies the general terms, scope of work, funding provisions awarded to the Town. Federal funding available for the project is $5,400,000. The Town is required to contribute a minimum 55% local agency match of at least $6,600,000 toward the project. These local funds can come from a combination of other government partners, such as Douglas County. Currently, only the Town is covering this full local funding obligation.
The projected schedule for completion of all preconstruction services is spring of 2023.
The Town’s Attorney and Finance Departments have reviewed the agreement, including the project funding provisions and have approved it.
Budget Impact
The funds necessary to complete the design has been budgeted in the Town’s current Capital Improvement Program. This agreement is a reimbursement agreement. As such, the Town will submit reimbursement requests for 45% of each invoice we receive.
Staff Recommendation
Staff recommends Town Council approve the resolution as introduced by title
Proposed Motion
“I move to approve the Resolution as introduced by title.”
Attachments
Attachment A: Resolution
Attachment B: Grant Agreement