Agenda Date: 02/16/2021
Subject:
Title
CARES Act and CDOT Transportation Improvement Plan (TIP) Supplemental Funding Discussion and Alternatives
Body
Prepared By:
Keith Reester, Public Works Director and Brent Thompson, City Engineer
PURPOSE:
The federal CARES Act and the statewide Transportation Improvement Plan (TIP) have notified local transportation planning regions that supplemental funding is available. This item will review alternatives and how this could impact Littleton. Direction to staff is necessary as a result of upcoming decision dates.
PRESENTATIONS:
Staff Presenter(s): Keith Reester, Public Works Director and Brent Thompson,
City Engineer
Additional Presenter(s): N/A
SUMMARY:
Executive Summary
Every four (4) years federal transportation programming requires each state to develop and administer a Transportation Improvement Plan (TIP). The planning for these is then done by region and subregion within Colorado. Littleton is part of DRCOG (Denver Regional Council of Governments) and the Arapahoe, Douglas, and Jefferson County Subregions. Two additional pots of funding have become available to all the subregions. Arapahoe County subregion's allocation impacts Littleton.
The city must respond to the availability of funds for transportation projects in the Arapahoe County Subregion from CARES Act stimulus and additional TIP funds. Staff recommends passing on additional funds for the Santa Fe Drive and Mineral Avenue intersection project while potentially accepting funds for a corridor study on Broadway. Funds allocated under the CARES ACT must be under contract by the third quarter (Q3) of 2022 based on a policy position established by the state Transportation Commission.
Additionally, each FasTracks rail corridor has some remaining funds that are currently available that must remain in the corridor and tied to light rail. Littleton should consider options for these funds with the other three additional decision-making partners - Doug...
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