AgdaPkt 2005-05-09 - Laserfiche WebLink

Browse Search

�/E - i i�EPOR T , To the Honorable Mayor and City Council From the Cit Mana er May 9, 2005 Subject - Amendment No. 1 to the Cooperative Agreement with the Department of Transportation for the Route 101 at Ralston/Marine Parkway Interchange Project Recommendation Approve a�d authorize the City Manager to execute Amendment No. 1 to the Cooperative Agreement with the Department of Transportation for the construction of the Route 101/Ralston Avenue/Marine Parkway Interchange Reconfiguration Project, to allow Caltrans to provide highway signs. Background The City Council authorized the City Manager to execute the subject agreement with Caltrans on June 2, 2003. The agreement outlines the responsibility of both the City and State. Many of the responsibilities have been satisfied. The City will continue to be responsible for all the contract administration, with Caltrans having oversight responsibilities. In return, Caltrans will allow us to improve their facility, and administer �he State Transportation Improvement Program (STIP) valued at $7.6 million. Of the $7.6 million in STIP funding the City received for the construction of the project, $4,732,400 has been exp�nded, which represents 62% of the Grant. The agreement states that, any cost overrun will be paid for by both STIP and Local funding in the original proportion of 52% and 48%, respectively. Local funding comes mainly from the Redwood Shores Community Facility District 99-1(RWS-CFD 99-1), which basically is a Traffic Special District composing of all Redwood Shores commercial property owners. A minor amount (10%) comes from developers' fees collected by the City of Belmont. � This Amendment is being put in place to take care of highway signs that Caltrans can provide at a much more competitive price. The financial impact of this Amendment is very small compared to the original Agreement ($24,100 vs. $7.6 million). The new provision would allow the project to pay for these signs through the reduction of Caltrans reimbursement to the City. A copy of the agreement is available for review in the City Clerk's Office.