Colorado motorists who live in counties in which E-470 vehicle registration fees have been imposed no longer will be assessed those fees. The E-470 Board of Directors unanimously voted April 12 to …
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Colorado motorists who live in counties in which E-470 vehicle registration fees have been imposed no longer will be assessed those fees.
The E-470 Board of Directors unanimously voted April 12 to remove the fees, and E-470 staff will work with counties to determine the next steps, according to a news release from the E-470 Public Highway Authority.
“Arapahoe County residents have financially supported this important corridor for the last 30 years,” Commissioner Bill Holen, who also serves as a member of the E-470 board, said in the release. “It's my responsibility to make sure we follow through on our promise to repeal the $10 fee once the bonds are officially paid off and I'm happy to support this decision.”
The fees were originally approved in 1988 by the voters in Adams, Arapahoe and Douglas counties. At that time, the revenue from the $10 fee was essential for the construction and operation of E-470, according to the release.
The bonds pledged by the fees were originally set to be retired in 2026. However, the board refinanced the bonds in 2001 and reduced the final maturity with a scheduled payoff on Sept. 1, 2018.
“It is my honor to serve on the E-470 Board and have the opportunity to act in support of important policy decisions such as this one,” said Roger Partridge, vice chair, Board of Douglas County Commissioners. “As Douglas County's voice on this board, my focus is on the best interests of our citizens and taxpayers, and I believe the elimination of this 30-year-old fee is doing just that.”
E-470 is the 75-mph toll road running along the eastern perimeter of the Denver metropolitan area. The user-financed roadway receives no local, state or federal funds for financing, construction, operations or maintenance.
The E-470 Public Highway Authority Board includes eight local governments including Adams, Arapahoe and Douglas counties, and the municipalities of Aurora, Brighton, Commerce City, Parker and Thornton. E-470 also operates ExpressToll, an all-electronic toll collection system available on E-470, Northwest Parkway, and Colorado's Express Lanes.
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