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Budget <br />Year -to -Date <br />Expenditures <br />Open Encumbrances <br />Available Funds <br />$1,500,000 <br />$20,227.22 <br />$111,737.54 <br />$1,388,262.46 <br />The entire construction project under the Agreement is $1,148,217 ($510,093 for electric; <br />$598,124 for street paving; $20,000 for repairs to landscaping; and $20,000 to mark the streets as <br />fire lanes). Contractors will submit periodic invoices to the HOA for work completed. Upon receipt <br />of the invoice from the HOA, the Agency will issue a check to the HOA so that it can pay the <br />contractor in a timely manner. <br />ENVIRONMENTAL IMPACT: <br />This action is categorically exempt from the requirements of the California Environmental <br />Quality Act (CEQA) pursuant to Section 15302 of the CEQA Guidelines (Replacement & <br />Reconstruction) as the project provides for replacement and reconstruction of electrical lines. <br />Staff will be filing a Notice of Exemption with the County Clerk's Office within 5 days of <br />approval. <br />CONFLICT OF INTEREST: <br />Rancho Mediterrania Homeowners Association <br />President and Contact: Kathy Davis <br />CONSISTENCY WITH AGENCY IMPLEMENTATION PLAN <br />Approval of this item is consistent with Section 4.2 of the Agency's 2005-2009 Implementation <br />Plan, Agency Housing Activities/Use of Housing Funds; Section 4.2.1 Project History: Rancho <br />Mediterrania Mobilehome Park -- The Agency acquired the 259 lot Rancho Mediterrania <br />Mobilehome Park in 1993 and has undertaken efforts to convert the park to resident ownership. <br />During the term of the Implementation Plan, the Agency plans to sell the remaining lots and <br />repair the infrastructure. <br />RECOMMENDATION: <br />Approval of Agency Resolution No. 868 Approving a Common Area Improvement Agreement by <br />and Between the Redevelopment Agency for the City of Colton and the Rancho Mediterrania <br />Homeowners Association <br />Attachment: <br />Agency Resolution No. 868 <br />Prepared By: Judith Clarke, Senior Project Manager <br />REVIEW TEAM ONLY <br />City Attorney: <br />RDA Director: <br />Finance Director:) . U$HIW%&I <br />City Manager: M. N ua kt ny It <br />R:\Administration\Meetings\2008 Meetings\March 4, 2008\Rancho Med Agreement\RMED Common Area Agreement Staff Report 030408.doc <br />