Street Fund

Sidewalk Reserve: Said funds shall be reserved to complete sidewalk segments identified within the City’s 10-year Capital Improvement Plan.

Easter Avenue and Havana Street Intersection: Said funds shall be applied towards the intersection improvements at Easter Avenue and Havana Street. The committed amount is 20% of the estimated $12m cost, which would be the City portion of the project.

Infrastructure Replacement Reserve: Said funds shall be applied towards the replacement of existing infrastructure owned and maintained by the City of Centennial. This may include, but is not limited to, streets, sidewalks, street lights, signal lights, and bridges.

Intersection Improvements Reserve: Said funds are committed and will be applied as warrants are approved for signal lights and associated infrastructure and other safety improvements.

Undergrounding Reserve: Said funds shall be reserved for undergrounding overhead utilities within the City of Centennial.

Emergency Capital Repairs: Said funds shall be available if emergency repairs need to be made to infrastructure, or other capital improvements and other appropriated funds are not available or insufficient to cover cost of repairs.

Capital Asset Acquisition: Said funds shall be reserved for the potential purchase of capital street-related assets by the City in the event direction is provided.

Capital Projects: Said Funds shall be reserved for projects identified in the Transportation Master Plan. 2023 and 2024 budgeted projects not included in committed fund balance.

Arapahoe Road multimodal sidepaths: Said funds shall be reserved for the 2025 construction of Arapahoe road sidepaths project (full project encumberance before DRCOG reimbursement in 2025).

Colorado Boulevard Multimodal Improvements: Said funds shall be reserved for the future construction of the Colorodo Boulevard multimodal improvements between Dry Creek and Arapahoe Road. Staff will continue to pursue federal funding to offset the full cost of these improvements. The committed amount is 20% of the estimated $8m cost, which would be the City portion of the project.

Dry Creek and Holly Spanwire Signal Upgrade : Said funds shall be reserved for the 2025 contruction of spanwire replacement traffic signals, with anticipated federal HSIP funding of $1,300,000 in 2025.