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Board of Directors – July 10, 2024: Town of Green Mountain Falls Request Regarding Advancement of Funding for PPRTA-3 Capital Project

June 17, 2024

Memo To: PPRTA Citizens Advisory Committee & Board of Directors

From: Becky Frank, Town Manager

Re: PPRTA 3 Requesting Consideration of an Intergovernmental Agreement between the Town of Green Mountain Falls and the Pikes Peak Rural Transportation Authority to allow the Town to utilize non-PPRTA funding to complete cost estimates for a PPRTA 3 project and request reimbursement in 2025.

The Town of Green Mountain Falls is requesting consideration of an IGA between the Town and the PPRTA which would allow the Town to utilize non-PPRTA funds to complete cost estimating in 2024 for a PPRTA 3 Capital Project and seek reimbursement in 2025. The Capital Project is the approved “Ute Pass Avenue Pedestrian Bridge Safety Improvement.” This bridge has been identified as being in poor condition in the CDOT Off-System Bridge Rating Program. The Town intends to apply for grant funding to be used as matching funding to support this project as the anticipated amount of PPRTA 3 will be insufficient to complete all of the Town’s A List projects. Approval of this IGA will allow the Town to determine the best course of action for the bridge and any alternatives and will provide the cost estimated required for grant submission. The anticipated cost that the Town will seek reimbursement for this project is expected to be under $10,000 of the approximate $94,000 available for Green Mountain Falls Capital Projects in 2025. 

If the Board approves the concept, please request that the Board’s attorney prepare a draft IGA to submit to the Town’s attorney which will be brought to the PPRTA and GMF Board of Trustees for consideration of approval at future meetings.

Thank you for your consideration.

CC: Town of Green Mountain Falls Board of Trustees