HomeMy WebLinkAbout20022342.tiff E-4-70 Public HIghhwa9 Authority
Quarterly update
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The E-470 interchange at 1-76 is a "partial clover leaf"with ramps allowing westbound 1-76 traffic
access onto southbound E-470 and northbound L---1-70 drivers access onto eastbound I-76.
The design is such that in the future ramps will be added, making it a full interchange. when it
opens, northern metro residents and businesses will have high speed access between the north
metro area, Denver International Airport and 1-25 at C-+70 (the southern tip where E-470 begins).
Quarterly report April I -June 30,2002
/\
A progress report on
Segment IV construction
August 15,2002
/7 7'
a a—C` 2002-2342
About the Tollwa9
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
39 miles from State Highway C-470 at 1-25 in Douglas County amendments,at the end of the second quarter was
south of Denver,runs east then north through Aurora,passes $245,338,389. The contract price includes all design,
along the western edge of the Denver International Airport,and construction,supervision,equipment,materials,labor,and
terminates at US 85 in Adams County.It will be fully completed services relating to the design-build contractor's obligations
west to 1-25 north of Denver by spring 2003. under the design-build contract (including all equipment and
The E-470 Public Highway Authority ("the Authority") services provided by sub-contractors and vendors and intellectual
consists of eight member jurisdictions: Adams, Arapahoe and property rights necessary to perform the work).
Douglas counties and the cities of Aurora,Brighton,Commerce
City,Parker and Thornton. Affiliate,non-voting members are Guaranteed Completion Dates
the cities of Arvada,Broomfield and Greeley,and Weld County. The design-build contractor is obligated to achieve final
Ex-officio members are the Colorado Department of acceptance of the Segment IV project by the date that is 1,124
Transportation (CDOT),Denver Regional Council of days (June 10,2003) from the date that notice was issued to
Governments (DRCOG) and the Regional Transportation proceed with Phase III work. The design-build contractor is
District (RTD). required to achieve substantial completion on all of Package B
•
by 1,034 days (March 12,2003) from the date on which the
Authority gave notice to proceed on Phase III.
About the Project Engineering nr Oversight
The Authority has retained the services of O'Brien
Kreitzberg,Inc.as project oversight engineer to assist with
Segment IV,the final portion of the highway to be constructed, I contract administration,document management,design review
will connect E-470's present northern terminus at 120th Ave. and construction monitoring during the Segment IV design-build
with 1-25 on the north near the 157th Ave.alignment in contract. The O'Brien Kreitzberg contract value,after adding
Thornton. three change orders including added work for oversight of the
A Segment IV design-build contract was signed in January 1-25 interchange design and construction,is $9,229,075.
2000 between MKK Constructors (MKK) and the Authority. ■
MKK,a joint venture between Washington Group International,
Inc.(formerly Morrison Knudsen) and Kiewit Western,is
designing and building the final portion. (See page 2,"Design-
Build Contractor".)
Total construction is scheduled to open in 2003. Area B1 •Sub-Package B.2
(120th Ave.to US 85) opened on August 8,2002. A Sub-Package III
I
s° I
Design-Build Contract • �• 41. t�a�ez �� 85 ' -- J_There were no amendments to the contract during the II
"�I x • •second quarter. There were three change orders approved � t `n°` - -c AI "_- - O- _ _•� ,"with a total value of$553,092. Through the end of the second iiemnan _ � T°° • -
Plaza E • zquarter,there have been a total of 39 change orders,totaling suaP$12,390,162. The largest components encompassed in this ?sm n.enuc Interchange with 145 �4 a to el
and Northwest Parkway 12JIh mem:
amount include the option to construct a maintenance support (now under construction) - - en
120th/Venue 2omn.-en"�
facility in Segment IV ($2,672,062);the design and construction
of an additional mainline to connect to the Northwest Parkway I12thncenue
($4,950,000);and extra design to complete the 1-25
interchange connections for the Northwest Parkway 104th/Venue _ 104th Menuej
($2,750,000) at the Northwest Parkway's expense. 0th na-1e —
96th Avenue z
1 e
88111/Venue as _—_. 1 1_
Map of E-470 Segment I V
Segment IV Design-build
Project Progress Report
Design-Build Contractor Right-of-Way
The Authority entered into the Segment IV design-build At the end of the second quarter,E-470 had acquired
contract on January 27,2000 with the design-build contractor, possession of all the take acres in Segment IV,totaling 1,829
a joint venture between Washington Group International,Inc. acres.
(WGI),formerly Morrison-Knudsen,and Kiewit Western
Company. Full notice to proceed was given during the first and Project Financial Highlights
second quarters of 2000,with formal groundbreaking occurring In May of 2000,the Authority closed on a $358,048,750
on September 7,2000. At the end of the second quarter,the bond issued to finance Segment IV. This raised E-470's total
overall design-build contract was 86 percent complete. j debt to approximately $1,231,000,000.
WGI announced during the first quarter,on January 25, 1 Through the second quarter,the accepted earned value for
2002,it had completed the necessary steps to effect its Plan of Segment IV was $210,582,000.
•
Reorganization and emerged from Chapter II bankruptcy
protection. In conjunction with the emergence,WGI reported
that it has entered into a $350 million,30-month revolving Area Activity and Economic Impacts
credit facility with a banking syndicate led and arranged by
Credit Suisse First Boston. Recent announcements in development include the paving of
a four-mile stretch of 56th Avenue. This extension will provide
a link between the Denver International Airport's cargo area
Design Progress Summary
• At the end of the second quarter,E-470 had released 96 and the Front Range airport The road is financed by the City
of Aurora, Adams County,and the Schuck Corporation.
percent of the overall design for construction on Areas BI
and 82,which together comprise Segment IV,the final Schuck Corporation is developing the 6,300-acre Transport
portion of E-470. cargo complex located next to the Front Range airport
• Design progress was 98 percent complete in Area RI and Shea Homes began construction of Reunion,amaster-
? planned development on the west side of E-470,between 96th
95 percent complete in Area B2 at the end of the second
quarter. and 112th Avenues. Reunion is planned to include 12,000
homes,900 acres of commercial and retail development,along
Utilities with 320 acres of parks and open space.
• At the end of the quarter,the overall project is 99 percent The completion of E-470 from 120th Avenue to US 85 will
open the door for developments in Brighton such as Bromley
complete as to the relocation of existing utilities. The
installation of new utility services is 82 percent complete Park and Prairie Center. Both developments are located on
overall. the 1-76 corridor,near E-470,and total nearly 9 million square
feet of office,industrial,and commercial facilities.
Construction Many developments are on the drawing board in Thornton.
Throughout the Project: As the opening of US 85 to 1-25 north occurs,the City of
• At the end of the quarter,construction is approximately 86 Thornton is anticipating the majority of commercial and retail
percent complete (96 percent complete on Area B I and 80 projects will happen at E-470/York Street and E-470/Colorado
percent on Area 82). Boulevard.
• E-470 and the Northwest Parkway are sharing the lead on In the south E-470 corridor,Alberta Development is moving
the construction of the 1-25 interchange in Thornton. It is dirt at Smoky Hill Road and E-470 for its Saddlerock Market
being constructed as a combined job. The two design-build Place center that will include an Albertson's grocery store and
teams for E-470 and the Northwest Parkway have the same Home Depot. The Kings Point development is moving through
two partners— Kiewit Western and Washington Group the planning process to begin construction of its 994-acre golf
International (WGI). WGI is the lead partner for E-470; course community. Safeway opened a new grocery store in
Kiewit is the lead for the Northwest Parkway. June at Heritage Eagle Bend,located at the Gartrell Road
• Total cost for the 1-25/Northwest Parkway interchange is interchange.
about$70 million. The E-470 portion is roughly $32 million E-470 has partnered with this new Safeway store on a pilot
and,therefore,the NWP portion is about$38 million. marketing program that provides customers a convenient way
to sign up for an EXpressToll account
■
i i
Area 51 and 52 progress at a4ance
e
"East Meets West"— Ramps at the E-47011-25 flyover (in Area B2) will connect E-470 to 1-25,and the ,t.;�'
Northwest Parkway. The parkway,a nine and one-half mile highway west of 1-25,is being constructed
by the Northwest Parkway Highway Authority.
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I Improved Access— E-470's bridge over US 85 ''---' .�=w ' * -.0 ..$1;;S":" s
I (Area BI) provides drivers with a direct ;, .i`_ -
II connection to Denver International Airport— : F r*c'" v.``
I bypassing "stop and go" traffic on other „,.'',„7-004'
`�.
'3 thoroughfares. :
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Paving the Way— Crews pave asphalt between 176 and -',, w vti
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Buckley Road in preparation for the opening of Area BI —
I the four and one-half mile stretch from 120th Ave.to US 85.
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I Toll Collections— Mainline Toll Plaza E,E-470's fifth toll plaza (Area
B2),is located east of Quebec and west of Riverdale Road. The toll
will cost $1.75 for drivers in a two-axle vehicle.
1114-4, ent‘ir
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An Aerial View—The ramp toll plaza at
US 85 collects 50 cents from drivers
entering/ exiting E-470. US 85 is one of
three interchanges in Area BI.
E-470 Segment IV Updated Completion Schedule
Opened:August 8,2002.
Sub-Package 61 Financing completed;Notice to Proceed given
(120th Ave.to US 85) r Design 98%conmlete
Engineering +
100%of original right-of-way acquired,ahead of schedule
Right-of-Way
Ground breaking held September 7 r Construction 96%complete
Construction
Scheduled to open in early Spring,2003.
Sub-Package B2
(US 85 to 1-25) c Design 95%complete
Engineering
c100%of all take parcels acquired
Right-of-Way I
80%complete
Construction
2000 2001 2002 2O 2003
Budget and
Revenue I On the Road
E-470
• The approved 2002 it EXpresnrolr Accounts and Transponders Issued Over the Past 12 Months E-470 continued to
budget calls for 150.000
operating revenues of j Total T° °ders Issued experience lighter than
$60,871,000 with projected traffic as a result of
120,000 lingering effects of the
$44,412,000 of that
reduced airport traffic and the
(73 percent) from tolls.
national recession. Overall,
• Operating expenses are there were increases in traffic
set at $21,580,000. The
60.000 — and revenue,although not at
Capital Projects budget
projected levels. Despite
for 2002 is $124,015,000 these circumstances,E-470's
and includes Segment IV 3g000
weekday transactions steadily
expenditures. A budget ? increased and reached 101,901
amendment to adjust for ° o` o` o` o` o` o` oti oti oti 0' 0' oti at the end of the second
departmental changes ),� m�0a� cep ‘6c)`mom` �,pm` �,m0' ma$ �a6 a6 PQi� �y,4* �cm
and revised estimates P `Pte d' �& Ommm yam Fm� `S quarter (see bottom chart at
left),despite falling 4,099 short
was made during the
of the projected total.
second quarter with no The monthly toll revenues
change to the total
also continued to increase
operating budget. E-47O
• (see middle chart at left) with
Toll revenues received Monthly Toll Revenue for the Past 12 Months
$5,000,000 cash revenues totaling
during the second —Cash Tails $1,450,740 and electronic
quarter totaled mi r •r•r• revenues totaling $1,971,149
$9,812,000. ! $4,000,000 — 1 at the end of June.
• Traffic and revenue
The popularity of E-470's
figures fell below $3.000.0°0
EXpressToll continued,with
( expectations in the the number of accounts
quarter as a result of 52.000.000 reaching 70,396—with an
the continued reduction average of 1.7 transponders
in airport traffic to $1,000,000 per household or business
Denver International
Airport,as well as the 1
account ■
o
general recessionary o` o` o` o` o^ o` 0' oti oti oti oti O'
�mi .cs om` moa` .om e a6 act Qo 0 oom
impacts in the region. P' , mF mF c' 4 4m °' '�
The actual weekly 5me °` `'m° e �a Fm
revenue for the second
quarter was $754,700
against the projected
total amount of E-470
[ $780,200 per week. Weekday Transactions for the Past 12 Months
120.000
• Vehicle registration fees Actual Wiwkday Average
for the second quarter 100,000 —
totaled $1,826,510.
• Gross highway expansion v 80,000
fees collected in the
second quarter were
r 60.000
$216,100. Net fees after o
refunds were $207,656. 40,000
• 20,000
,
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° O` O` O O` , O` , O` mry Ory 01' , O2 o mry
i cme` ,mm` mvm` .me` .om` a�i ,b nor Qi. ai cm
Po mQ4, O" os mmoF me (<0 .4' P )m
9 2 O
hoard al A i1iate
Directors !D%recto rs
Noel Busck 'Don Allard
Mayor, ?Council Member,City of
City of Thornton, Arvada,Director
Chairman
l Karen Stuart
Lynn Myers Mayor,City and County of
County Commissioner, Broomfield,
Arapahoe County, Director
First Vice Chairman
;Tom Selders
Gary Lasater Council Member,City of
Mayor, :Greeley,Director
Town of Parker,
Secretary,Treasurer Hank Stovall
;Mayor,City and County of
Sean Ford Broomfield,
City Council Member, Director
Commerce City,
Director iGlen Vaad
'Commissioner,Weld County,
Jan Pawlowski Director
Mayor,
City of Brighton, i Management
Director
Edward J. DeLozier
Ted Strickland Executive Director
County Commissioner, j
Adams Coun John D. McCuskey
ry.
Director Deputy Executive Director
Director of Finance and Audit
James R.Sullivan
County Commissioner, Matthew M. McDole
Chief Engineer
Douglas County, g
Director David M. Kristick EE�
Paul E.Tauer Director of Operations
1 i
[ Mayor, Timothy Paranto
City of Aurora, # Director of Maintenance
Director
1 i
Dan Baker
EX-041C10 ? Director of Information
}Technology
Directors
Joann Groff = NPR C Uarter5
Colorado Department of I~ Address:
Transportation (CDOT) 22470 E 6th Parkway
Jack O'Boyle Suite 100
Denver Regional Council of Aurora,Colorado
Governments (DRCOG) 80018
David Rose
I Telephone:
Regional Transportation { 303-537-3470
District(RTD)
www. E-470 . com
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Bins. �Tt MB A enn vs'_ 'I Fa, — E-470 Segment IV
4 ��' (Area BI opened 8/8/02)
I m c[ AaleA . _ Yale _
l -Highways/Principal Arterials
r Hamp}Ien Ave:= — -___j Hampdgn AMennr—._ Major Road
i / —County Border
'Quincy A iva Lake
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Smoky Hill Rout ® E-470 Toll Plaza
IIHc1lmervv Ate
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O Interchange
Orchard Raid )shard 42ond N
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Arapahoe Road v x Arapahoe Road
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Dry Creek Rd =II Zs x ❑.
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County Line Road 1 :51 21 r
470 $
' Effil -
-. August 15.2002
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