The City Council Tuesday night unanimously approved two agreements that put aside two parcels of land for the long-awaited transit center on First and Main streets.
“We’ve been working on this for a very long time,” Mayor Joan Peck said. “This is very exciting.”
Longmont will pay $1,885,400 to Barron-Melendez Real Estate Ventures for property at 23 S. Main St. The city will also give $387,500 to JTM Paint Real Estate for property at 3 S. Main St. The funds for the purchases are coming from the city’s Capital Improvement Fund.
The city is working with the Regional Transportation District to build a transit facility at First and Main streets that will include a public parking structure incorporating a bus station, and the extension of Coffman Street along with new infrastructure, a city staff report states.
RTD will commit $17 million for the project with the city responsible for any costs over that amount, the staff report states.
Based on the estimated cost of $23.65 million for the land acquisitions and improvements, the city has set aside $7.45 million in capital improvement funds toward the project, the staff report states.
Peck said Tuesday night the transit center will also be a stop for the commuter rail. “We’ve been waiting a long time to get this started,” she said.