AgdaPkt 2017-06-26 Closed and Joint SA PFA

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Project was described in the Five Year Capital Improvement Program study session on May 8, 2017, and the Project will be advertised for bids once the City’s share is fully funded. ALTERNATIVES Council may choose not to enter into the Agreement or direct staff to alter the terms of the Agreement. FISCAL IMPACT If the resolution is adopted, the Various Transportation Grants Fund in the Fiscal Year 2016-2017 budget will be increased by $90,736, equal to the initial deposit plus contingency. The Agreement will authorize the City to receive an initial deposit of $69,790 from the developer in accordance with the Agreement terms, and up to $20,946 contingency in the event that actual Project costs exceed the estimated Project costs. City funds for the Project have not been appropriated at this time, and the total Project costs and contingencies and their funding sources are intended to be as follows: From the Developer: $125,678 · Various Transportation Grants Fund - $69,790 initial deposit and up to $20,946 contingency, for a total of $90,736 to be appropriated by adoption of the proposed Resolution · Developer payments for design work made directly to developer’s engineer - $34,942 From the City: $300,000 · Traffic Mitigation Fees Fund - $72,000 will be requested for Fiscal Year 2017- 2018 · Transportation Fund - $228,000 will be requested for Fiscal Year 2018-2019 ENVIRONMENTAL REVIEW The activity is not a project under CEQA as defined in CEQA Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment. The work associated with the Project is anticipated to meet the CEQA exemption criteria as set forth in Section 15301 (Existing Facilities). KEVIN FEHR SENIOR CIVIL ENGINEER 6.3.B. - Page 2