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Home My WebLink About20013333 E-47'0 Public Highway Authority Quarter{., update • se rn Gartrell Interchange: L-4-70's first dualized ramp. veHiae, or �s } A414 l C C L A K I Y $k( r "Dualized" ramps allow eXpressTolr drivers to bypass customers paying at automatic coin machines,an ,. / enhancement to the marketing of e--1-70. _ (See EXpressToll marketing story on page 5) soma miew Peoria Interchange:One of three more dualized ramps now under construction. Quarterly report July I - September 30,2001 AN A progress report on Segment IV construction C"h/, C'i�� C P/alt November I S,2001 2001-3333 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 34 miles from State Highway C-470 at 1-25 in Douglas County amendments,at the end of the third quarter was on the south,runs east then north through Aurora,passes along $244,392,074. The contract price includes all design, the western edge of the Denver International Airport,and construction,supervision,equipment,materials,labor,and terminates at 120th Avenue just west of Tower Road in Adams services relating to the design-build contractor's obligations County. 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 Guaranteed Completion Dates City,Parker and Thornton. Affiliate,non-voting members are The design-build contractor is obligated to achieve final the cities of Arvada,Broomfield and Greeley,and Weld County. acceptance of the Segment IV project by the date that is 1,124 Ex-officio members are the Colorado Department of days (June 10,2003) from the date that notice was issued to Transportation (CDOT),Denver Regional Council of proceed with Phase III work. The design-build contractor is Governments (DRCOG) and the Regional Transportation required to achieve substantial completion of Sub-Package BI District(RTD). (120th Avenue to US 85) by 850 days (September 9,2002) • from the date on which the Authority gave notice to proceed About the Project on Phase II for Package B,and 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 for Package B. Segment IV,the final portion of the highway to be constructed, will connect E-470's present northern terminus at 120th Avenue Engineering Oversight with 1-25 on the north near the 157th Avenue alignment in The Authority has retained the services of O'Brien Thornton. Kreitzberg,Inc.as project oversight engineer to assist with A Segment IV design-build contract was signed in January design-review and construction implementation during the 2000 between MKK Constructors (MKK) and the Authority. Segment IV design-build contract The O'Brien Kreitzberg MKK,a joint venture between Washington Group International, contract value,after adding three change orders and seven task Inc.(formerly Morrison Knudsen) and Kiewit Western,is orders for oversight of the 1-25 interchange construction,is designing and building the final portion. (See page 3,"Design- $9,229,075. Build Contractor".) • Construction is scheduled to be completed in 2003. Design-Build Contract There were no amendments to the contract during the third "` IBC quarter. There were 10 change orders approved with a total s ) _ value of$5,400,224. The significant contribution to this change r • O.(a."eka j�( order value was for the construction of the mainline extension s : Y a • -ez , s to the 1-25 interchange,with a value of$4,750,000. This was 144th mL • Q I an obligation of the Authority from a five-way 11 a = Eu' " .136th Avenue a s f A a intergovernmental agreement with Northwest Parkway, s" i i • a s„ I Colorado Department of Transportation (CDOT),Broomfield I I28thAvenue ■� �k'�el and Thornton that set up completed use of the interchange at 124th A_nuuh 4 1-25 North to be completed in a seamless manner and I 120th Avenue _ II zahAvenu provided for E-470's connection to the Northwest Parkway. 1"~ 112th/Venue Through the end of the third quarter,there have been a total - of 28 change orders totaling $11,443,847. K04th Avenue 104th Avenue. 100th Avenue ___ 96th Avenue 75h3 88thAvenue a I Map of E-470 Segment I V 1 budget and Area Activity Revenue and Economic • There were no budget I acts amendments during the E-470 third quarter and the Year 2001 Total EXpressTorAccounts and Transponders Issued The E-470 corridor is 2001 Operating Budget 12O000 experiencing a continuation of remained at the approved in ETFr•..Toll d Acc.u . - P g $20,500,710. MT.Wh.,np•nd.aIssued well-planned development 00,000 • Toll revenues received despite a slowdown in the during the third quarter ao,000 — economy. Referrals for totaled $8,971,929 for a proposed developments along cumulative year-to-date 6°'0 the highway have remained total of 24,762,000.The constant,with 10 referrals September II tragedies arriving in one week. adversely affected traffic 20,000 Crown Point's 275-acre and revenues as limited air multi-use project at Parker travel resulted in reduced o ce ' Road and E-470 continues with ° airport traffic to Denver sa �`e° eoa�es r I ' s P s,04 e the development of a major International Airport. c3` hospital and several new • Vehicle Registration Fees restaurants underway. Eagle for the third quarter were Bend Marketplace at Gartrell $1,825,720. E-470 Road is now in the planning • Highway Expansion Fees Year 2001 Monthly Toll Revenue stages and will include a in the third quarter,net $0500,000 Safeway grocery store as well as cmteir after refunds in Segment I, ",000000 — m Elstr.nl.T.n. other retail establishments. were $45,900. Alberta's Saddle Rock � szsoo,000 Marketplace,at the northwest On the Road sz000000 — corner of E-470 and Smoky Hill $1,500,000 — Road,is nearing construction of Average monthly toll the Home Depot and Albertson revenue for the third $1,000,000 — grocery store. Alberta is quarter was $3,011,630,a $500,000 - moving ahead with its 301-acre 9.6 percent increase over Southlands project,to include the previous quarter (see 0 ,,c+ ,,c 1, �� ' , e s a+ etp ." 1.7 million square feet of retail middle chart at right), �'t Fa'` `T °'' e in addition to multi-family � despite lower weekday and development on the northeast monthly revenues in corner of E-470 and Smoky Hill September. Road. According to the August was the busiest E470 Developments Report by summer month,with Year 2001 Weekday Toll Transaction Average 100,000 -Act' wrkdayAvwag. the Aurora Economic Actual weekday transactions P,• W Weekday Awi. . Development Council,this area averaging 96,659,6.2 percent 80,000 will provide retail services to higher than the projected the 85,000 residents currently total of 91,000 (see bottom s0000 living in the five-mile trade area , chart at right). a of E-470 and Smoky Hill Road. The number of ig EXpressTollTM accounts o 40,000 In the next few years it is continued to increase as anticipated that an additional 80,000 residents will locate to well,reaching 58,the80 in 20,000 the southeast corridor. September,while the total number of windshield— 0 (continued on page 4) mounted transponders e�41, �`eaa4 �„F� pga� , fe, �o�A 1e�vea reached 100,795 (see top ee GP' chart at right). Segment IV Design-build Project Pro ress Re ort Design-Build Contractor Utilities The Authority entered into the Segment IV design-build • Utility relocations were over 80 percent complete at the end contract on January 27,2000 with the design-build contractor,a of the third quarter. joint venture between Washington Group International,Inc. Construction (WGI),formerly Morrison-Knudsen,and Kiewit Western Throughout the Project: Company.Full notice to proceed was given during the first and • Construction has now spread throughout the entire length of second quarters of 2000,with formal groundbreaking occurring the project and is 44 percent completed.The third quarter on September 7,2000. At the end of the third quarter,overall emphasis areas were at the 1-25 intersection,the South Platte design-build construction was 50 percent completed. River,US 85,and the 1-76 crossings. WGI announced during the second quarter (on May 14,2001) • Bridge construction work was 35 percent complete;area BI that it had reached an agreement in principle with its bank was 49 percent complete and area B2 was 7 percent group steering committee on a plan of reorganization for the complete. company.In order to facilitate the reorganization,the company • 10 percent of paving was complete. and a certain number of its subsidiaries filed voluntary petitions • The abutments and piers for the E-470 mainline bridges to reorganize under Chapter I I of the US Bankruptcy Code crossing over US 85 have been completed.The concrete together with a plan of Reorganization,which describes the girders spanning existing traffic were placed during the night terms of the restructuring.(See page 6"Subsequent Events") shifts.Decking has commenced on the northbound lane of As part of the restructuring in conjunction with the plan,the E-470.The contractor hopes to pour the concrete decks for company has asked the court's authorization to pay certain these structures this year. pre-petition,unsecured claims that relate to ongoing business. Throughout Area BI, 120th Avenue to US 85: Under the plan,the company has stated that it should • The first portion of this project,area BI,is scheduled to open experience no interruption in the flow of goods and services. to traffic by early fall in 2002 and is on schedule.The Most of the company's domestic subsidiaries are included in Authority is still on schedule to open the entire project to the filing.Those entities excluded from the filing are all traffic by early spring 2003. Westinghouse Government Services Companies and related • Most of the earthwork and the first lift of asphalt paving has entities;partially owned limited liability companies and joint been accomplished through this section of the project ventures;and foreign subsidiaries and affiliates.E-470 received a • By the end of the third quarter,the primary activity remaining letter on May 17 from WGI stating that MKK Constructors was to be performed was bridge construction and paving. All the not included in the filing;therefore,the E-470 contract should bridges on area BI are essentially complete except for the not be affected. bridges at 1-76,US 85 and Brighton Road. • At 1-76,E-470 has to coordinate its bridge construction to The design-build contractor has provided certain payment coincide with the existing adjacent Colorado Department of and performance bonds and certain parent guarantees,but the Transportation (CDOT) project.All of the abutment and pier Authority is unable at this time to evaluate whether,or to construction was accomplished and about two-thirds of the what extent,if any,the events affecting WGI could impact the mainline decks were poured.The remaining girders over 1-76 ability of the design-build contractor to perform all of its were placed by the end of the third quarter.These remaining obligations under the design-build contract. decks should be formed and poured this year also. The Authority is not aware of any substantial change in the WGI restructuring during the third quarter that would affect Throughout Area B2,US 85 to 1-25: the completion of the contract • The bridges at the South Platte are well on their way.The abutments,caissons,and piers are near completion.The girders will be placed in the fourth quarter:The goal is to have Design Progress Summary the decks formed and poured prior to winter weather. • At the end of third quarter,E-470 had released 90 percent of the i • At 1-25,the southbound traffic has been detoured from the design plans for construction for area BI and 30 percent original interstate highway alignmentThe adjacent bridge at on area B2. 160th Avenue is being demolished to make room for the • Overall progress in civil design was 90 percent complete for northbound traffic detour.Earthwork has been excavated for areas B1 and 82. the E-470 ramps and bridge construction has commenced. • For the fourth quarter,only three right-of-way parcels remain • Grading and drainage work construction was 42 percent to be obtained. complete by the end of the third quarter. • The toll plaza located east of Quebec and west of Riverdale Road was 5 percent complete. (continued on page 6) Area Activity and Economic Impacts Timeline Milestones (continued from page 2] In the third quarter,engineering,right-of-way and The City of Aurora received plans for two major residential construction were ahead of schedule for completion in the developments in the third quarter,both located just north of early spring of 2003. E-470 and Smoky Hill Road. The Vistas at Senac and the In Segment IV,overall design was 90 percent complete and Conservatory at the Plains are expected to provide for over total construction was 44 percent complete at the end of the 2,300 residential units on 695 acres. third quarter. The Cross Creek development proposed for the northeast In Sub-Package BI,the eastern portion of construction,MKK corner of E-470 and 6th Avenue is the first development plan continued to work from 120th Avenue to Brighton Road,and near the E-470 Administrative Headquarters Facility. This is proceeding on schedule to open in fall 2002. P development encompasses 217 acres for up to 1,070 In Sub-Package B2,the western portion,right-of-way is 94 residential units. percent complete. Engineering design for Sub-Package B1 is 99 Under construction in the City of Brighton is the 212-acre percent complete and for Sub-Package B2 it is 92 percent Bromley Park neighborhood with 571 single-family units near complete. • E-470. Residential and mixed-use developments along E-470 in the City of Thornton are in the planning stages,as construction of the last segment of the toll road continues. E-470 Segment IV Updated Completion Schedule Sub-Package B1 Financing completed;Notice to Proceed given (120th Ave.to US 85) Design 90%complete Engineering t 100%of right-of-way acquired,ahead of schedule Right-of-Way Ground breaking held September 7 C--Construction 71%complete Construction Sub-Package B2 (US 85 tot-25) r_Design 92%complete Engineering c94%of parcels have been acquired to date Right-of-Way c—26%complete Construction 2000 2001 2002 2003 E-470'S High Speed Marketing of EXpressTollTM• "The Time Value is Worth the Toll" In September,LaDawn Farland,a daily commuter on E-470, CBS affiliate during NFL games and on two popular FM radio became the customer who purchased the toll road's 100,000th stations in Denver."Both outlets are a perfect fit for E-470 transponder when she opened her new EXpressTollTM account because their 25-55 age demographics parallel those of E-470's Today,with weekday traffic averaging 85,000 transactions, drivers:' she said. EXpressToll users account for over 53 percent of overall traffic Bejarano also took E-470's advertising to the sky and on E-470,with 60,408 EXpressToll accounts and 103,292 active scheduled an aerial banner to fly over E-470's I Oth Anniversary transponders issued. festivities,over the 1-25,1-225 and 1-70 corridors,and the first Windshield-mounted Monday Night Football Broncos game at Invesco Field at Mile ErpressTo/I transponders allow drivers High Stadium. The promotional efforts have resulted in several inquiries _.. automatically,without from the news media and have contributed to a steady growth stopping at toll plazas. pattern of new EXpressToll accounts on a monthly basis, The number of including registrations on the website,another valuable EXpressToll customers has marketing tool. =_ steadily grown through the In the third quarter,a substantial amount of EXpressToll } -_ =. r increased visibility of customers registered via E-470's website.Averaging 20,000 hits �, I- transponders on the a day,the website is constantly updated for potential customers NNW highway."Customers and current drivers on the road.Soon,EXpressToll customers waiting in line to pay cash will be able to view their account statements,pay their monthly 't ". change their minds when balances,and change or add vehicles to their accounts—all on- 0, they see EXpressToll users line via the website.The website is also a valuable resource in driving through the reaching customers living or working in areas surrounding 4 express lanes at highway Segment IV who might not know about the advantages the road , /3 speed:' said Dave Kristick, provides. r - u director of operations for Community meetings are another marketing tactic E-470. administered by E-470. But a good product like "Segment IV is the next level of growth for E-470 and I00,000th EXpressToll customer,LaDawn Farland(right),and E-470 staff during a EXpressToll still needs EXpressToll accounts," said Kristick."Right now,it's important reception for her at the EXpressToll active promotion,and we spend time meeting with economic development service center.Pictured E-470 has been commissions,chambers of commerce,community groups and (L•R):Jim Harlan,E-47o customer service aggressively promoting businesses in Segment IV promoting and reinforcing the speed, center manager;Dare Kristick E-470 director of operationrTheresa EXpressToll as part of its safety and service of E-470." Middlemist,EXpressToll customer service overall marketing strategy. Traffic problems elsewhere boost E-470's marketability.Jim representative;Lucas Farland,LaDawn's To that end,Kristick Harlan,E-470's customer service center manager (operated by son;Don Parsons,ex-officio director for Denver Regional Council of Governments recently met with his Mile High Toll Services) said there has been an increase in (DRCOG). department to outline new customers using E-470 to avoid the traffic and construction on marketing objectives for selling the highway that include: the regular thoroughfares.He cited as an example the $1.67 • Increasing the number of EXpressToll accounts by converting billion"T-REX" construction project underway on 1-25.It is cash customers— E-470's core customer base—to expected to last about five years. EXpressToll users; Despite E-470's advantages over other roadways,product • Enhancing the visibility of the road in the Denver metro and enhancements continue. E-470's recent construction of surrounding areas through business partnerships and "dualized" ramps at the Smoky Hill,Peoria and Quincy community events. interchanges will manage increased traffic as construction E-470's marketing efforts now include advertising,publicizing intensifies on 1-25 and area growth continues.The two-lane the website,meeting with community and business groups,and ramps,to be completed by the end of the year,will allow promoting the new enhancements such as the"dualized" ramps EXpressToll customers easy on and off access to E-470, which offer dedicated EXpressToll lanes as well as bypassing those customers stopping to pay at the automatic cash/EXpressToll lanes. coin machines. E-470's new television and radio commercials promote Kristick forecasts growth in the number of EXpressToll "driving 70 on E-470" and EXpressToll,emphasizing the non- accounts with the opening of the"dualized" ramps. "It's stop trip with no traffic congestion.Stacy Bejarano,E-470's another element of convenience for people living or working in marketing manager,scheduled these commercials on the local those areas;" he said. ■ Segment IV Design-Build Board of Ex-officio Project Pro ress Re ort Directors Directors [continued from page 3] Noel Busck Joann Groff Mayor, Colorado Department of Right-of-Way City of Thornton, Transportation (CDOT) At the end of the third quarter,E-470 had acquired possession of all Chairman but one needed property in Sub-Package B I (120th Avenue to Brighton Don Parsons Road). The remaining property was a one foot clean-up strip that caused Sean Ford Denver Regional Council of no delay in construction. City Council Member. Governments (DRCOG) In Sub-Package B2 (Brighton Road to 1-25 North),E-470 had acquired Commerce City, David Rose • all but three ditches and one landowner parcel.In all of Segment IV, 93 Director Regional Transportation parcels of approximately 1,784 acres have been acquired,bringing District(RTD) possession to 94 percent Gary Lasater About 20 total acres remain to be acquired from the last five Mayor,landowners. As of the end of the third quarter,critical path construction Town of Parker, Affiliate Iliate had not been delayed due to any as yet completed acquistions. Treasurer In addition to its core right-of-way program,the Real Property Directors Acquisition Department was still getting a few additional right-of-way Terry V. Lucero Don Allard requests for drainage and temporary construction. Mayor, I All acquisitions of oil and gas wells were completed.Over 80 oil and City of Brighton, Council Member, Secretary City of Arvada gas impact properties were bought,plugged and abandoned,or relocated. i Lynn Myers William Berens Project Financial Highlights Mayor, In May of 2000,the Authority closed on a $358,048,750 bond County Commissioner, City of Broomfield, issued to finance Segment IV.This raised E-470's total debt to Arapahoe County, Director approximately $1,231,000,000. First Vice Chairman Through the third quarter,the accepted Earned Value for Segment IV Tom Selders was $127,667,000 or about 52 percent of the total contract value. Ted Strickland Council Member, County Commissioner, City of Greeley, Subsequent Events Adams County, Director Director Washington Group International,Inc.announced on November 8, Glen Vaad 2001 that an agreement had been reached between the steering James R.Sullivan Commissioner, committees of the company's secured lenders and unsecured creditors. County Commissioner, Weld County, The agreement provides for the settlement of outstanding litigation Douglas County. Director between Washington Group and Raytheon Company. Director Washington Group stated that the agreement provides the framework ' Mana ement to complete its financial restructuring,which includes exit financing and Paul E.Tauer renewed bonding capacity.The agreements are subject to court approval Mayor, Edward J. DeLozier and final documentation. City of Aurora, Executive Director The design-build contractor has provided certain payment and Director performance bonds and certain parent guarantees,but the Authority is John D. McCuskey unable at this time to evaluate to what extent,if any,the events affecting Director of Finance and Audit Washington Group might impact the ability of the design-build i contractor to perform all of its obligations under the design-build Head uartersi Matthew M. McDole contract. • Address: Chief Engineer 22470 E.6th Parkway Suite 100 David M. Kristick Aurora,Colorado Director of Operations 80018 Timothy Paranto Telephone: Director of Maintenance 303-537-3470 WWW. E-4'7O . 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" s Hill Roar ® E-470 Toll Plaza Interchange \ \e1 ha<a oad I f�� N Orchard R... 1----...__-, 4.1� 1_ 0 2 3 Miles 1 x Arapahoe Reed P. ,W Arapahoe Roped `',6',, a'\ ti m ® 21` ad\ / A V A Dry Creek Rd.e.-., _ m rtrtrt��yyy�� .g ��ryryryppp��Cea(elllla� D� _� = o , ��Airpori \ County Line Road U Y'[ _ I�� 47. $ I \ ' � �� November 15,2001 t Hello