Minutes 1966 Jan to June - Laserfiche WebLink

Browse Search

vp-m will 9nulnvnrd 7vtonsion. Ci fits Monr7er reviewed hist-ny of proposed oxtpnsinr of F-rm F!II Rnulevard to connect to future Juni perp Serra Freeway, nrmed the pub3ic w7encles and privato developers involved, with main stumbling block being distribu- tinn of costs of project, He reported. latest revised participation agreement between the parties involved, City of Redwood City, Colle7n of San Mateo, Sequoia Union High School District, Challenge Dovelopment Company. Oddstad Homes, had now been prepared, first draft having been prepared by City Attorney and present draft having been prepared by Distrtct Attorney's Staff acting as Attorney for School District. City Manager reviewed the allocation of costs in Proposed a7reement, stating that City's 009,000 included a contribution to be made by San Mateo County of 015,000, to be covered by seporqte a7reement betvaen City and County. he also wished it noted the deletion of Sproul Homes, FINs Club, and Convent, which had been recommendation of Staff, after workln7 with Enginpering Staff, because of inability to determine these properties would directly benefit from this project at this time. City Manaqer advised Collere had gone to bid on the rradfn7 and are now most anxious for consummation of participation agreement so project could proceed when bids received, as the College was to use part of cut from college site as primor Ily bp2n fill for roadbed in extension oC Farm Hill Boulevard, with Challenq(-' Development Company committed to build first 600 feet of extension. City Mansqor reviewed further details of the proposed Participation agreement, pointing out that College is absorbing Woods ide's share of costs. Mayor Herkner nuestioned if there were other contributions included by ony of participants, and was advised of the work contribution eoulvalent to some 045,000 by Challenge, in addition to the 171,000 cash contribution. He advised cost estimates in the agree- ment are firm dollar figures for both Challenge and Oddstad, and explained the determination made of proportionate spread if costs exceed nstTmate of $504,000. he advised City, College, and Pi7h School, would benefit from a bid lower than the present cost estimate, but that ChnEenge and Oddstad's contribution would remain the same as shown. Mr. Trifeletti, of ChOlenge Development Company, discussed percentages of participants and his feel- ing their Company would rather stay with dollar costs than percentages in spite of fact should lesser bids be received, City and other percentage participants, would benefit. Councilman Petersen questioned possibtlity of rejecting bids should they be more than anticipated and neIntiating another agreement with Challenge and Oddstad. Council- man Henderson cuestioned accuracy of estimates and importance of cost estimates in view of need for urFency to proceed so College project could be started. Mr. 172sanaro, Business Planaror of San Nateo College. discussed fired percent,7es in the proposed aCreement and Tondside's position, and of the rechecking of estimates which hgd been made which they fait were e7tromp1y accurate.