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Home My WebLink About20021503.tiff t-+70 Public Highwa3 Authorit9 uarterly Update Q _,,,..� or-jam , r •Iii ' ' G 1 p � . in �1 % m •. - High Speed Connection— In March,the first girders were �==` paced on ramps at the E-4701-25�yover. The ramps will connect northbound E-4y0 to southbound I-25 and 1.� southbound I-25 to southbound E-4J0.Once complete r r it is estimated that it wi��take a driver (using E-+70'$5 S * i r . ' asie„ EXpressTo��"transponder) 40 minutes to traverse all 4, r3k miles oh the toll road. ,,. Quarterly report January I - March 3 I,2002 . . A progress report on Segment IV construction May 15,2002 0 /, /4,2- 2002-1503 E S About the To!!way — . E-470 is a toll highway that runs along the eastern perimeter Fixed Contract Price of the Denver metropolitan area. Presently,the road extends The total contract price,including change orders and 35 miles from State Highway C-470 at 1-25 in Douglas County amendments,at the end of the first quarter was $244,785,297. south of Denver,runs east then north through Aurora,passes The contract price includes all design,construction,supervision, along the western edge of the Denver International Airport,and equipment,materials,labor,and services relating to the design- terminates at 120th Ave.just west of Tower Road in Adams build contractor's obligations under the design-build contract County. The highway is being extended and is currently (including all equipment and services provided by sub- targeted to open west to US 85 in August 2002.It will be fully contractors and vendors and intellectual property rights completed west to 1-25 north of Denver by spring 2003. necessary to perform the work). The E-470 Public Highway Authority ("the Authority") consists of eight member jurisdictions: Adams, Arapahoe and Guaranteed Completion Dates Douglas counties and the cities of Aurora,Brighton,Commerce The design-build contractor is obligated to achieve final City,Parker and Thornton. Affiliate,non-voting members are acceptance of the Segment IV project by the date that is 1,124 the cities of Arvada,Broomfield and Greeley,and Weld County. days (June 10,2003)from the date that notice was issued to Ex-officio members are the Colorado Department of I proceed with Phase III work. The design-build contractor is Transportation (CDOT),Denver Regional Council of required to achieve substantial completion of Sub-Package B I Governments (DRCOG) and the Regional Transportation (120th Ave.to US 85) by 850 days (September 9,2002) from District (RTD). ■ the date on which the Authority gave notice to proceed on Phase III for Package B,and on all of Package B by 1,034 days About the Project (March 12,2003) from the date on which the Authority gave notice to proceed on Phase III. Segment IV,the final portion of the highway to be constructed, Engineering Oversight will connect E-470's present northern terminus at 120th Ave. The Authority has retained the services of O'Brien with 1-25 on the north near the 157th Ave.alignment in Kreitzberg,Inc.as project oversight engineer to assist with Thornton. contract administration,document management,design review A Segment IV design-build contract was signed in January and construction monitoring during the Segment IV design-build 2000 between MKK Constructors (MKK) and the Authority. contract The O'Brien Kreitzberg contract value,after adding MKK,a joint venture between Washington Group International, three change orders including added work for oversight of the Inc.(formerly Morrison Knudsen) and Kiewit Western,is 1-25 interchange design and construction,is $9,229,075. designing and building the final portion. (Seepage 3,"Design- • Build Contractor".) Total construction is scheduled to open in 2003. Area BI •Sub-Package BZ'. (120th Ave.to US 85) will open in August 2002. A Sub-Package Si : O • • 0 Design-Build Contract p• t ° eka • gee? There were no amendments to the contract during the first " A • • quarter of 2002. There were five change orders approved with -- Cnue `---. Q- a total value of$195,696. Through the end of the firstquarter, _ s Toll • m. g emn<nt • r Plaza E,, • lc there have been a total of 36 change orders totaling sub Pa 18th!Venue Interchange with 1-25 �� age el $11,837,070. The largest components encompassed in this ♦ ♦, and Northwest Parkway 124th A.e_: amount include the option to construct a maintenance support (now under construction) en / 120th A,enue 2-lhhAcenuIll facility in Segment IV ($2,672,062);the design and construction of an additional mainline to connect to the Northwest Parkway \ i i 21 A.enue ($4,950,000);and extra design to complete the 1-25 lam n.enue interchange connections for the Northwest Parkway 104th Awnue - ($2,750,000) at the Northwest Parkway's expense. tahhwy,:que _ 96thA.enue a- li 8Sth Atenue 85 I - Map of E-470 Segment IV ouclget and Revenue E-470 EXpressTolr Accounts and Transponders Issued Over the Past 12 Months • The approved 2002 120000 budgeteallsfor operating; —EipresaTelrAcconts On the Road Tw.l Transponders Is revenues of$60,871,000 180.00.6 with $44,412,000 of that 3 As mentioned elsewhere, (73 percent) from tolls. y 80.000 — the first quarter of each year Operating expenses are historically is the slowest for set at$21,580,000. The 60.000 E-470 usage. Significant 9/1 related cutbacks in flights at Capital Projecu budget for 2002 is $124,015,000 90.000 Denver International Airport, and includes Segment IV as well as substantial airline expenditures. A budget 20.000 workforce reductions,also amendment to adjust for contributed to a lessening of departmental changes ° ti ti E-470 traffic. The lingering P g i' ai °°' Ni° t e`er e`° t °' �� ' 09' g g and revised estimates is # ,' �' P,a' aF'° ��6° oae aae 9909 e d s effects of the national scheduled during the k 5w o 4<e? i recession were another second quarter. No ' contributing factor. significant bottom line Nonetheless,through the changes are expected for first quarter,the annual this amendment. I E-470 average for weekday toll • Toll revenues received , Monthly Toll Revenue for the Past 12 Months transactions (see bottom during the first quarter 1 $3,500,000 chart at left) was 87,206, s`W Tolls totaled $7,826,000. The '' Electronic i $3.000.000 — EYcbadT•h compared to the projected first quarter traditionally 1 total of 84,989. has the lowest traffic and 1 $2,300.000 The number of revenue levels of any a EXpressToll" accounts (see time of the year. $2,000,000 3 {{ top chart at left) continued to However,traffic and $1,500,000 increase,reaching 67,1 1 1 by revenue were below March 31 —with an average of expectations during the ; $1.000.000 1.7 transponders per quarter as a result of a continued reduction in $5°°'000 household or business airport traffic to Denver o l l account • International Airport,as Q.,o` ado J°°o J�o` yo` Aso �,o` o°co �‘o ado a�`� `°r0 well as thegeneral P `S ' P'� aF °`° -1eF °F a°' d`' .�a ci o 2° 09' F° recessionary impacts in the region. • Vehicle registration fees for the first quarter totaled $1,920,000. , E-470 •Gross highway expansion WeekdayTransactions for the Past 12 Months fees collected in the first 120,000 n Actual Weekday Average :. quarter were $114,990. 100,000 — Net fees after refunds were $92,500. s 80.000 o I30,000 0 90.000 20.000 0 l l . O` O O 0 O o O` O` O` Off' Off' O9' °a` a9 „ J`4°5 ,°e` e` .°e` .°e` aA aA kd° �' ) Pe°,9°Q ?\eF 069' °, Oce° ,e°S �a4) t i Segment IV Design-Build Project Progress Report Design-Build Contractor Construction The Authority entered into the Segment IV design-build Throughout the Project Icontract on January 27,2000 with the design-build contractor, • Construction is approximately 67 percent complete (87 percent on Area BI and 53 percent on Area B2). a joint venture between Washington Group International,Inc. • E-470 and the Northwest Parkway are sharing the lead on the (WGI),formerly Morrison-Knudsen,and Kiewit Western first and construction of the 1-25 interchange in Thornton. It is being Company. Full notice to proceed was given during the constructed as a combined job. The two design-build teams second quarters of 2000,with formal groundbreaking occurring for E-470 and the Northwest Parkway have the same two on September 7,2000. At the end of the first quarter,the partners—Kiewit Western and Washington Group overall design-build contract was 75 percent complete. International (WGI). WGI is the lead partner for E-470; WGI announced during the first quarter on January 25, Kiewit is the lead for the Northwest Parkway. 2002,it had completed the necessary steps to effect its Plan of • Total cost for the I-25/Northwest Parkway interchange is Reorganization and emerged from Chapter II bankruptcy about$70 million. The E-470 portion is roughly $32 million protection. In conjunction with the emergence,WGI entered and,therefore,the NWP portion is about$38 million. into a $350 million,30-month revolving credit facility with a banking syndicate led and arranged by Credit Suisse First ',if Boston. ,. I-25 Girder Erection 1 Seg IV E-470 Under the Plan of Reorganization,WGl's old common stock Y (WNGXQ) was cancelled. A total of 25 million shares of new A - _ common stock were issued and distributed to the company's -former secured lenders and unsecured creditors in accordance ' r ori-ial'''.g",!!'� s'r'�', � with the plan. Those secured lenders received 20 million ,e. `_/-a" `""- " .- shares of new common stock and $20 million in cash. The 'K �: ` ,� W,�_- '...t :.—,:z�— unsecured creditors received five million shares of new �uth�„t ,.+. ,r 'N7,.,-,-'.„'.:4,� Nlr ` '.mr common stock and the right to purchase up to 8.5 million rl 3A, �j'•"L ° i•' additional shares through warrants over a four-year period. VS', a"�"'•"entifigir.j • '� ��rli' x Under the plan,holders of the company's old common stock �xi I. ,.Dti r'" "'" did not receive a distribution. 911 7 �, I.; r°�n*'vita, ,. The design-build contractor has provided certain paymentciiwsktsmin•s —" �"IIIIIMIlla•p t®_ and performance bonds and certain parent guarantees,but the This illustration is one of a series of 6470 commemorative Authority is unable at this time to evaluate to what extent,if illustrations by Stephanie Haddock any,the events affecting WGI might impact the ability of the design-build contractor to perform all of its obligations under the design-build contract. Right-of-Way At the end of the first quarter,E-470 had acquired possession of all but approximately eight acres in Segment IV. This amounts to two ditches and one landowner parcel. It is anticipated these Design Progress summary parcels will be acquired in the next quarter. • At the end of the first quarter,E-470 had released 95 percent of the overall design plans for construction on Areas BI and B2,which together comprise Segment IV,the final Project Financial Highlights portion of E-470. In May of 2000,the Authority closed on a $358,048,750 bond • Only four right-of-way parcels remain to be obtained at the issued to finance Segment IV. This raised E-470's total debt to end of the first quarter. '.. approximately $1,231,000,000. Through the first quarter,the accepted earned value for Segment IV was $182,510,000. Utilities • The overall project is 97 percent complete as to the relocation of existing utilities. The installation of new utility services is 39 percent complete overall. Area Activity and Economic Impacts Timeline Milestones In the first quarter,engineering,right-of-way and construction Along Segment I,the Meridian International Business Center were ahead of schedule for Segment IV completion in the announced it will become home to CH2M Hill in Au spring of 2003. August 2002. This leading environmental engineering firm is constructing a Overall design was 95 percent complete and total 110,000 square foot regional headquarters building in addition to construction was 67 percent complete. a 150,000 square foot corporate headquarters facility to be In Sub-Package (Area) B1,construction is 87 percent completed in November. The third building in a five-building complete. Finishing touches began for its planned opening on campus is expected to be delivered in December 2002. August 10,2002. These include striping,signing,landscaping and The Wildlife Experience is being built on more than 14 acres, bridge identification etching. There are three concrete and also in the Meridian International Business Center. The 101,000 asphalt groups working on the project square foot facility will house an extensive collection of wildlife In Sub-Package (Area) B2,the western portion of Segment IV, art and taxidermy,original oils,watercolors,sculpture and construction is 53 percent complete. Engineering design for photography. This center will include a 315-person IWERKS Sub-Package B I remains 98 percent complete and for Sub- Theater,restaurant,gift shop,and a great room for hosting large Package B2 it is 92 percent complete.Steel is being set at the events with an outdoor entertaining space. new toll plaza. Jeff Whiton,Chief Executive Officer for US Home,recently In the first quarter,mild weather allowed the subcontractor ! reported that more than 24 residential developments are to begin setting steel girders on the 1-25 flyover structures in projected along E-470 between South Parker Road and 1-70,with Sub-Package B2 earlier than planned. an estimated 83,000 homes. The 15-mile highway corridor could Piers are complete for the two flyover ramps and girders add 200,000 residents in the next 25 years becoming the state's have begun to be placed. The cost of the 1-25 interchange is fastest-growing area,according to Whiton. Although much of the about$70 million (See the front cover for photos of the girder area is within the City of Aurora,it also covers parts of placement). unincorporated Adams,Arapahoe and Douglas counties. • (continued on page 6) E-470 Segment IV Updated Completion Schedule* Sub-Package B1 Financing completed;Notice to Proceed given (120th Ave.to US 85) I I !�Design 98%complete Engineering r100%of original right-of-way acquired,ahead of schedule Right-of-Way air add-on parcel remains to be acquired a Ground breaking held September 7 Construction (Construction 87%complete Sub-Package B2 (US 85 to 1-25) Design 92%complete, Engineering ! c-- parcels remain to be acquired Right-of-Way C 53%complete Construction 2000 2001 1Q 2002 2003 *Schedule reflects adjustments to incorporate owner requested change orders. No Spare Change: E-470 Executive Director re area s fora 4 -mile road and the enhancements it will bring Ed DeLozier has made a career from making change "I found a number of dedicated people facing several and collecting tolls. challenges with the road's construction and the Twenty-nine years ago,he started working on the organization of the toll system," DeLozier said. road as a toll collector on the New Jersey Turnpike. Employing his experience in Today,he is at the forefront of making change in the toll human resources,he has focused industry. his efforts on forming a strong 4,,, - As the Executive Director of the E-470 Public organization based on cultivating A." Highway Authority,he is poised to open the last portion each individual's skills in a of the road within the next year. teamwork setting. The most M1 bg` DeLozier came to E-470 in 1999 after an already long fulfilling part of his job,he said,is and distinguished career in the toll industry. celebrating all of the various He was a northern division supervisor of the New accomplishments of the staff as a Jersey Turnpike;a toll facility manager for the Dulles Toll each succeeds in his or her endeavors. Road,a part of the Virginia Department of DeLozier is close with his 40-member staff and jokes Transportation;a toll industry consultant to vendors and that he manages by"sticking my nose into everything:' suppliers of toll roads in the United States,Mexico and without undermining the staff's delegated authority. "1 Canada;and a program director of Florida Toll Services. enjoy the sheer diversity of all the various facets of the While at Dulles,he also earned his Juris Doctor from job," he said. George Mason University and was later admitted to On any given day,he guides construction,operations, practice law in the State of Virginia,with the state maintenance,IT issues and legal matters for the road. A Supreme Court and the Fourth Circuit Court of recent Friday found him at a construction meeting in the Appeals. morning and closing a $1.5 million dollar complex land deal in the afternoon. He is also known to clean the Authority's refrigerators one day per month,leading by example. c,itti "�t v In addition to his day-to-day workload,DeLozier also ,cloy `. serves on the Board of Directors for the International dJ�r Toll,Tunnel and Bridge Association. E-470 plans to host the organization in 2003 or 2004 for its annual Facilities re { Management Workshop,and will have the opportunity to e 4 w,# show off its newly completed 47-mile toll road. } r As he prepares for the opening of Segment IV,he says the highlight of his career with E-470 has been ' .. celebrating the 10th Anniversary (June 2001) and the i establishment of the E-470 Transportation Safety Foundation. In the future,there are several projects and issues on E-470's Executive Director Ed DeLozier prepares for the opening of his radar screen. He expects to interface with the State Segment IV. of Colorado's newly created State Toll Authority,and will But his first love was tolls,not torts,so he never continue to monitor the application of toll transponders practiced law,preferring the evolving nature and for other purchases such as gasoline and fast food,as management responsibilities of the toll industry. well as the possible development of a nationwide toll "I came to E-470 because I wanted to stay involved pass system. and connected in the industry," DeLozier says. The bottom line for DeLozier,though,is remaining Three years ago,as Segments II and III were nearing proactive with enhancements to the road. completion,he arrived to find what he described as a "My biggest focus is to stay ahead of the growth curve toll system in need of upgrading. by improving facilities to meet and exceed our Numerous improvements were needed prior to the customers' needs:' ■ opening of the new segments. l board of il Ex-officio Area Activitcs and Economic Impacts I Director,�,j Directors [continued from page 4] Noel Busck 'Joann Groff Moving north along the E-470 corridor towards the Denver Mayor, 'Colorado Department of International Airport (DIA),experts are estimating that$417 billion will ! City of Thornton, !Transportation (CDOT) be invested in the airport area,which includes parts of Aurora, Chairman I No representative currently. Brighton,Commerce City and Denver. The Denver Regional Council of Lynn Myers Denver Regional Council of Governments projects that employment in this area will reach 378,000 ` y Governments(DRCOG)County Commissioner, ( ) jobs by 2020,a 108 percent increase from today. The DIA district's ', Arapahoe County, appeal is due to lower land costs and favorable traffic profiles. The David Rose First Vice Chairman Regional Transportation airport has approved building 10 new jet gates and six commuter gates yly on the west end of Concourse A,along with 48 ticket counter positions I Gary Lasater District(RTD) to be added in the terminal. The project is targeted for completion in i Mayor, Affiliate 2004. F Town of Parker, Aj-I-I Although the University of Colorado's Fitzsimons campus is just over 1 Secretary,Treasurer Directors five miles west of E-470,the 578-acre,$4.3 billion biotech,education, 1Sean Ford Don Allard research and hospital development will become one of Colorado's ! City Council Member, Council Member, I premier economic developments. The E-470 beltway will provide a i Commerce City, City of Arvada significant transportation route for the estimated 66,800 Coloradans to € Director i Director ' be employed on this one-square-mile campus. A recently released study indicates that in eight years Fitzsimons will generate $3.1 billion I Jan Pawlowski Karen Stuart of economic activity,and $6.3 billion by the time construction is ! Mayor, Mayor. City and County of Broomfield, complete,between 2020 and 2025. The development includes a 227- 1 City of Brighton. Director acre campus for the University of Colorado's hospital and health Director sciences center,a 37-acre headquarters for The Children's Hospital,and I Tom Selders a I60-acre biotech park. Ted Strickland Council Member, The 3,250-acre Buckley Air Force Base (AFB) is a neighbor of E-470 I County Commissioner, City of Greeley, I Adams County, Director to the immediate west Buckley employs over 8,000 personnel and is Director now hiring a private contractor to construct 322 housing units in a Glen Vaad three-year period as Buckley AFB grows with the community. The James R. Sullivan Commissioner, extension of 6th Avenue to 6th Parkway is on the list of transportation I County Commissioner, Weld County. projects the City of Aurora is pursuing through a potential 1 Douglas County, Director transportation management organization. The extension will provide { Director an east-west avenue connecting to the existing 6th Parkway interchange j Mana ement at E-470. i Paul E.Tauer Edward J. DeLozier IN ' Mayor. City of Aurora, { Executive Director ( Director t John D. McCuskey I € Director of Finance and Audit Matthew M. McDole !Head uarters1 Chief Engineer i_ _...mj iii Address: David M. Kristick 22470 E.6th Parkway Director of Operations Suite 100 Aurora,Colorado Timothy Paranto 80018 Director of Maintenance Dan Baker Telephone: Director of Information 303-537-3470 Technology s www. E—+70 . com nNorthwest Parkway _ �• (Under Construction) • 76 11 � ,� . 85 EE 4't - •, ' yea e� © • ; Co%„ 4 °et ,_e...l 6136thAvenue a rea- ip° 128th enue • •I �- • 124th Menu . Av -_ II ISOth/Venue112th Avenue 20th Aveuu _ s'_--1 p 16t1h avenue ` Denver International IWIhAvenue � Airport 100th Avenue __... _—___. 9fith Avenue —^ s ' /...\...... L C Mb Avenue $ Rocky Mountain Arsenal i' renaahe. ' - _ National Wildlife Refuge - -=- it iI w 1 i - I Stapleton ims I 6thA nu Redevelopment 1 _ 70 _ Mono, Bit --- --- 17th A even `C°I��- t u I Conn Are � 6 _. iv LET SthAtenue, tly.� 4nt At,enuer, 'nth AteiP II t. lowly Campus 5 C A urtA Buckley 4ir = Legend � I y Nahanni Gun U m 3� Race ___ Morriss pibe A . C E470 Segment I ( �� °' 7 -, "� -1 = l —E-470 Segment II j _. ? , c � r oeaAu. E-470 Segment III FIanSA _ a -, _ - xi �I -tea emu; .. _ _ _ E-470 Segment IV a; Under Construction ��C YaleAv . YaleAs ® $ —Highways/Principal Arterials HsmplknAl•-' _ Ilan Avenues—_ .. -Major Road F —County Border I I I _! �� ;;i �Q� AseAuc--- ■ Lake t Belle,tew Awe_ .._._ i'. Stunk).Hill Rut() ® E-470 Toll Plaza 1 I ❑ Interchange nh11 nm ., Orchard Road � N l I 0 I 2 3 Miles 1 ;I 8 v[Arapahoe Road d Arapahoe Road ❑ E ,� u 1 = d' d //�\ Dry Creone kR Rd m I ii l 25 y, / A� m Centeutial" 7'. ❑ SI v Airport- o'. County Line Road 5 t. S C ■_ � $� - ® May 15,2002 , Hello