A RESOLUTION OF THE UTAH VALLEY CHAMBER OF COMMERCE GOVERNMENT REVIEW COUNCIL RECOMMEND-ING BONDING FOR TRANSPORTATION PROJECTS SCHEDULED FOR CONSTRUCTION IN FISCAL YEAR 2011
Whereas, the Utah Valley Chamber of Commerce Government Review Council is comprised of business owners and operators in Utah Valley and is concerned about keeping Utah’s economy strong through an efficient transportation system that maximizes access to important businesses and public facilities; and
Whereas, The State has a State Transportation Improvement Program that has prioritized the following projects through the Utah Department of Transportation Commission as necessary to start in 2011. Including:
- $10.7 million widening on U.S. 89 from 2000 North to Geneva Road in Utah County
- $44.8 million widening and bridge reconstruction on Geneva Road from
- $25.4 million new extension of 2000 West to I-15 in Davis County
- $12 million in right-of-way purchases for a future Vineyard Connector
- $6.6 million new auxiliary lane and widened bridge on northbound I-15
- $5 million widening on U.S. 89 from Salina to Centerfield
- $5 million underpass widening on SR-140 in Draper; and
Whereas, the above listed transportation projects are long-term capital facilities that are vital to economic stability and growth in the state; and
Whereas, bonding for a capital facility over the life of the facility is appropriate to ensure that those who use the facility pay for the facility; and
Whereas, bonding for these projects would not negatively impact Utah’s AAA bond rating; and
Whereas, we find ourselves in a time with historically low interest rates; and
Whereas, we find ourselves in a time of historically low construction cost; and
Whereas, time is of the essence to ensure low interest rates and low construction costs.
Therefore, be it resolved that the Utah Valley Chamber of Commerce Government Review Council encourages the Utah legislature to keep these projects on schedule by bonding for their timely completion.
Passed, approved and adopted this 3rd day of March 2010, by the Utah Valley Chamber of Commerce Government Review Council, Provo, Utah.