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/D, c -i <br />REPORT <br />To the Honorable Mayor and City Counci <br />And the Redevelopment Agency Board <br />From the City Manager and the Executive Director <br />February 24, 2003 <br />Subject <br />Construction and Reimbursement Agreement for Relocation of a Reinforced Concrete Box <br />Culvert in the Downtown area <br />Recommendation <br />Approve a Construction and Reimbursement Agreement with BHV Innisfree Ventures I, <br />LLC, developers of the Downtown Retail- Cinema project, for demolition of an existing <br />culvert and construction of a new concrete box culvert in order to allow for future <br />construction of an underground public parking garage beneath the retail- cinema project <br />and authorize the City Manager and the Redevelopment Agency Executive Director to <br />execute same. <br />Background <br />On December 9, 2002, the City Council and Redevelopment Agency approved an <br />Amended and Restated Disposition and Development Agreement (DDA) with BHV <br />Innisfree Ventures I, LLC for development of a proposed downtown retail- cinema project. <br />(Executed on January 8, 2003) <br />The project area boundary is as follows: <br />• Retail- cinema site —2100 block of Broadway bounded by Broadway, Jefferson, and <br />Middlefield Road (referred to as Block One) <br />The project description includes a two -level underground public parking garage to be <br />located on Block One directly beneath the retail- cinema building and projecting under a <br />portion of Middlefield Road. The ground floor of the project will include retail stores and <br />restaurants and the second floor will contain the cinema multiplex. <br />Currently there are two 9' wide storm drain box culverts (side -by -side) underlying Block <br />One, crossing it on a diagonal alignment as shown in Exhibit B (attached). It is necessary <br />to relocate this culvert in order to accommodate the underground parking garage. The <br />design and construction of the new culvert is integrally related to the design and <br />construction of the public parking garage, and therefore staff believes it is structurally and <br />physically impracticable and more economical to have the developers manage the <br />construction of this portion of the public parking garage project. For this reason, this work <br />need not be competitively bid. However, the project will be subject to the payment of <br />