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/D,C -z <br />prevailing wages. <br />A number of possible realignments have been considered, and the alignment shown in <br />Exhibit B has been determined to be the preferred. It has been reviewed by the Council <br />sub - committee for the retail- cinema project. This alignment is located mostly in publicly <br />owned areas and will minimize direct impacts to private properties. It will also minimize the <br />length of time that streets will need to be closed for construction. <br />The schedule for construction of the new culvert is expected to be from approximately April <br />1, 2003 to October 30, 2003 and is subject to the acquisition by the City of certain <br />properties. The work will begin in the public parking lot (Main Street lot) located behind the <br />Post Office and City Hall and in the driveway between the two aforementioned properties. <br />It is anticipated that Jefferson Ave. will need to be closed for one month during the month <br />of August 2003 to allow for the culvert to cross (at a right angle). The culvert will then <br />continue through Block One and connect to the existing culvert in the vicinity of the <br />Middlefield and Winslow intersection. This segment will be completed in conjunction with <br />the excavation for the underground public parking garage. <br />Alternatives <br />1. Do not authorize the City and the Agency to enter into the construction and <br />reimbursement agreement for the culvert relocation. In this case, the proposed <br />underground public parking structure under Block One could not be constructed. <br />2. Direct staff to seek alternative solutions. <br />Fiscal Impact <br />The estimated cost of constructing a new culvert is approximately $3.7 million. The funding <br />for this will be included in the Redevelopment Agency bond issuance for the underground <br />public parking garage and other downtown projects. The initial cash outlay for this cost will <br />be provided from the $20 million that the City loaned to the Agency. This will be paid back <br />from the proceeds of the future bond issuance. <br />Patricia J. Webb <br />Economic Development Coordinator <br />ruce Lieclstrand <br />Community Development Director <br />Michael Church <br />Executive Director <br />r <br />Ed vereft <br />City Manager <br />Attachments: <br />Construction and Reimbursement Agreement <br />FA <br />