TOWN OF RIDGWAY: Town receives $500k DOLA grant for RAMP project
Town Clerk Pam Kraft swears in Councilor Jim Kavanaugh, Jason Gunning, Mayor John Clark and Rick Weaver for a new term on Wednesday. Plaindealer photo by Bill Tiedje
By Bill Tiedje
On Monday, the town of Ridgway learned it will receive a $500,000 grant from the Colorado Department of Local Affairs for the town's recently voter-approved $2 million infrastructure bond question.
The total bond amount will now be issued for $1.4 million, as town council agreed to contribute $100,000 in capital improvement sales tax dollars toward the project, in addition to the DOLA grant.
"The DOLA award is huge for the town," said Town Manager Jen Coates, in an e-mail after the award was announced. "A 26 percent decrease in the bond amount (from $1.9 million to $1.4 million) is estimated to yield an approximately 40 percent decrease in total payback, mill levy, annual and monthly payments, etc. and is also the first, and so far only, CDOT RAMP (Responsible Acceleration of Maintenance and Partnerships)/ DOLA/ local government partnership statewide."
In its regular meeting on April 9, town council approved a reallocation of unused monies, approving $4,000 in funding to the Heritage Park plan, including Ridgway Area Chamber of Commerce visitor center renovations, and $5,000 for the creation of a Green Street park plan, which may include relocation of the community garden.