Residents of Silverthorne’s older neighborhoods have asked the Town, for years, to underground unsightly utility lines.
The Town is offering to subsidize the high-priced project at $4,000 per lot.
The Silverthorne Town Council cemented its commitment this month by passing a resolution outlining the terms of its contribution. The money would come from $225,000 the Town set aside in next year’s budget for neighborhood improvements.
That same money has been earmarked in the 2009 and 2010 budgets.
The Town’s contribution will likely be about one-third to one-half of the overall cost per lot for undergrounding, said Silverthorne public works director Bill Linfield.
Citizens would only be eligible for the money if their neighborhood petitions the Town to form a special improvement district to pay for the rest of the project.