TC Res. No. 1990-130
RESOLUTION NO. 90-13
SERIES OF 1990
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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 $6,800,000.00; 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 $2,150,000.00
(includes anticipated $300,000.00
grant from the Colorado Division
of Local Affairs; $390,000.00
from Eagle County in-kind
services; $400,000.00 from Beaver
Creek Metropolitan District)
Denver & Rio Grande Western
Railroad $1,250,000.00
Total $3,400,000.00
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BE IT 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 $3,400,000.00 to complete construction of this separated
grade crossing during 1991.
DATED this 24th day of April, 1990.
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TOWN OF AVON, COLORADO
Allan R. otti.ngha Mayor