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including monthly reports and pr:()per:,maintenance of the property. Housing ¡ 0 0'0',"", Director/Redevelopment Agency Dlrectòf Church advised he would contact the new owners prior to closing and make sure they understand the actual terms of the agreement. Also, Director Church will convey the concerns of the Council regarding complete compliance with all the terms of the agreements by the new owners, and the Council's special interest in this property and its management. Title read. M/S: Buchan/Bury RESOLUTION NO. 11752 ACKNOWLEDGING AND ACCEPTING TRANSFER OF REDWOOD PLAZA PROJECT, AND APPROVING AGREEMENTS ASSIGNING OBLIGATIONS UNDER FINANCING AND REGULATORY AGREEMENT AND FINANCING AND DEVELOPMENT AGREEMENT Adopted by unanimous roll call vote. ------------------------------------------------------------------------------- B. Oral Report on the Railroad Tracks at Veterans Blvd. and Chestnut Street (1602-05) Assistant to the City Manager/Library Assistant Director Karen Duffy presented the report on the matter concerning the planned project to install signal crossing gates across at the railroad tracks at the intersection of Veterans and Chestnut Street. Assistant Director Duffy advised that discussions with the Public Utilities Commission, Southern Pacific and the City began in 1982, and in 1984 the PUC ordered automatic gates to be installed at a cost of $190,000. The City paid $19,000 or 10% of the cost at that time. Reconstruction of Chestnut Street is taking place and Southern Pacific is ready to install these automatic gates. However, for the last 27 years, there have been no accidents at that intersection without the gates, and there has been opposition to their installation by property owners in the area to install them. In 1985 the City asked the PUC to rescind its decision, and the PUC agreed to consider revising its recommendation. Assistant Director Duffy advised there is only one train (round trip) per day traveling those tracks at a speed between 3 and 5 miles per hour. City Engineer Luck has drafted a letter to the PUC asking for a signal preemption system only at the intersection and staff is asking for approval to send the letter. The PUC has agreed to entertain a formal request from the City to rescind their order and SP has agreed to delay installation for a short time pending consideration by the PUC. Civil Engineer Lowell Sue presented more specific background and in answer to Council questions advised the PUC recommended signal crossing gates in 1984 as they were the highest level of protection and this intersection met the criteria. In response to Council questions, City Manager Everett advised that the funds for upgrading to the signal preemption system are currently in the Chestnut Street Renovation Project. In response to Council questions, Community Development Director Pawloski advised that City Engineer Luck had met with Southern Pacific and the Public Regular Meeting Minutes May 18, 1992 Page 6 MINUTE BOOK NO. 51 Page No. 89 T o. ° _'H' -,