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Title:
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Creates a new capital grant fund and a new wastewater capital fund to accept and appropriate $10 million from the Series 2012C1-C3 Certificates of Participation proceeds for the purpose of funding capital improvements related to the East Corridor Project. This ordinance requests the creation of a new capital grant fund and a new wastewater capital fund to accept and appropriate $10M in Certificate of Participation (COP) proceeds as part of the $45M Series 2012C1-C3 Certificate of Participation for the purpose of funding capital improvements related to the East Corridor project. $35M has been paid to RTD for the construction of double tracking. The $10M in proceeds of the Series 2012C1-C3 COPs will be used to provide funding for drainage improvements between 31st and 36th Avenue and fiber optic infrastructure for traffic signals as set out in the City/RTD Amended Intergovernmental Agreement (“Amended IGA”) which was approved by Council on March 27, 2012, Council Bill #12-0164. The $10M ...
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