The Fort Collins City Council gave final approval to an ordinance remitting the first of five $445,0000 payments to Larimer County as part of an annual regional contribution of local matching funds for the North I-25 Phase 1 project. Larimer County Commissioner Tom Donnelly proposed the local match project last year using funding from the County’s local road and bridge mill levy.
Creation of a source of local match funding is advantageous in order to take advantage of funding partnerships and grant opportunities that may arise to help improve the I-25 corridor. This contribution, combined with additional commitments from regional agencies and private development, results in $25 million committed for the local match. This regional collaboration and commitment helped accelerate the schedule for I-25 improvements in Northern Colorado by fifteen years.
IRES MLS: Come Home to Colorado 