TC Res. No. 1990-05RESOLUTION NO. 90-5
SERIES OF 1990
A RESOLUTION STATING THE COMMITMENT OF MATCHING LOCAL FUNDS
FOR CONSTRUCTION OF SEPARATED RAILROAD GRADE CROSSING ON
AVON ROAD
WHEREAS, the Town Council has determined the current on-
grade Avon Road/railroad crossing creates severe traffic congestion
and is a major safety hazard to area residents and guests; and
WHEREAS, preliminary engineering studies and cost
estimates for construction of the separated grade crossing have been
completed; and
WHEREAS, the total estimated cost for construction of a
separated grade crossing is $7,000,000.00; and
WHEREAS, the Denver and Rio Grande Western Railroad,
Beaver Creek Metropolitan District and Eagle County have also
determined the current on-grade crossing creates severe traffic
congestion and is a major safety hazard to area residents and guests.
NOW, THEREFORE, BE IT RESOLVED, that the following local
funds are hereby committed for the construction of a separated grade
crossing:
Town of Avon $1,460,000.00
(includes anticipated $300,000.00 grant from the
Colorado Division of Local Affairs).
Denver & Rio Grande Western
Railroad $1,250,000.00
Beaver Creek Metropolitan
District $ 400,000.00
Eagle County (in-kind services) $ 390,000.00
Total $3,500,000.00
0
BE IF FURTHER RESOLVED, that the Town of Avon hereby
requests that the Colorado Department of Highways consider this
commitment of local funds and provide the additional funding
of $3,500,000.00 to complete construction of this separated
grade crossing during 1991.
Dated this 13th day of March, 1990.
TOWN OF AVON, COLORADO
ca OF if,
9
a
E A L- Allan R. Nottingh , Mayor
A
atricia J(./Doyl'4r', To,G3n C
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