MEMORANDUM
DATE: August 14, 2024
TO: Pikes Peak Rural Transportation Authority Board of Directors
FROM: Rick Sonnenburg, Program/Contracts Manager
SUBJECT: Town of Green Mountain Falls IGA Regarding Advancement of Funding for PPRTA-3 Capital Project
ACTION REQUESTED: Approval
At the July meeting, the Board approved the concept for the Town of Green Mountain Falls to request an intergovernmental agreement (IGA) to allow the Town to spend some of its non-PPRTA funds in 2024 for a voter-approved PPRTA-3 bridge capital project and to be reimbursed from its PPRTA-3 capital funds in the 2025 budget. The Board’s approval also directed Board attorney Jennifer Ivey to prepare a draft IGA for the CAC’s and Board’s review in the August cycle of meetings.
That IGA is attached for the Board’s review and has been reviewed by both the Town’s attorney and the PPRTA Board’s attorney, with a positive recommendation from the CAC at its August 7, 2024 meeting. This 2-step process is similar to the ones recently used by the City of Colorado Springs and El Paso County to advance the work on certain PPRTA-3 capital projects.
Recommendation to the Board:
The PPRTA CAC recommends that the Board approve the attached IGA.