AR-Bids for traffic signal at Hunts Lane and Cooley Drive

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Staff Report to City Council — Solicit Bids Hunts Lane/Cooley Drive Signal July 9, 2001 Page 2 of 2 Environmental Impact Environmental review of the median project was done in concert with the other public improvement projects proposed in the Santa Ana Project Area. The Planning Department made a determination that the projects are categorically exempt from CEQA under Section 15301 (c), and a Notice of Exemption was filed with the County on July 2, 2001, a copy of which is attached to the staff report as Exhibit "B." Financial Impact On March 20, 2001 the Redevelopment Agency and City entered into a Santa Ana River Public Works Projects Funding and Construction Management Agreement. As part of this agreement the Agency deposited its existing bond proceeds of $1,359,516 into an escrow account earmarked to pay for the cost of constructing the various list of public improvements benefiting the Santa Ana River Project Area. Recently the Agency was able to meet an additional release test to draw down an additional $280,000 of bond proceeds. Upon the deposit of these additional funds into the construction escrow account the City and Agency will have a total of $1,639,516 available for the construction of these improvements. The Hunts/Cooley Signal Improvements have been budgeted for fiscal year 2001/03 in Account No. 877-9150-9158-3890 in the amount of $130,000 for construction. Additional funding for the project , if necessary, is recommended to be funded by anticipated cost savings from the Washington median project, which has been budgeted in the amount of $973,076 in fiscal year 2001/03 in Account No. 877-9150-9155-3890. Recommendations City Staff requests the authorization from the City Council to solicit bids for the construction of a traffic signal at Hunts Lane and Cooley Drive. Attachments: Exhibit A — Copy of Engineer's Construction Cost Estimate. Exhibit B — Copy of Notice of Exemption Report Prepared by: Greg Lantz, RDA Program Manager REVIEW TEAMONLY City Attorney. City Manager Finance Director: Agency Special Counsel: