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<br />6.1E <br />Page 2 <br /> <br />Alternative <br />Do not to approve the Agreement, and wait for the property owner to file a claim. <br /> <br />Fiscal Impacts <br />Fund balance in the amount of $758,486 remains in the Redwood Shores Traffic <br />Improvement District Funds of the Capital Improvement Program (CIP) to cover this <br />expenditure. The balance of the funds will be used toward the landscaping of the <br />interchange. <br /> <br /> <br />~I <br />Chu Chang, P.E. <br />Engineering & Construction Manager <br /> <br />\ ,--/ <br /> <br />Peter Ingram ~ <br />Community Development Director <br /> <br />(j/) .7// .// <br />,. / / . lJ <br />,. ; / <br />G: / . . ,...... <br />v _ l7/-</~~ <br /> <br />Ed Everett <br /> <br />City Manager <br /> <br />BL:ss <br />SAibrarylreportsIPeter/Raimbursement Agreement Sonic Auto. 12.04.06 <br /> <br />Page 2 of2 <br />