Item #9 Agreement/County of Riverside and City of Grand Terrace

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03r�IoI ev,ve CII 1--,+s CO�L 4 ,',xjev— Si c o,�lQ COOPERATIVE AGREEMENT FOR THE DESIGN AND CONSTRUCTION APPROVED BY CITY C U CI Date 2 3 Item # OF INTERSECTION IMPROVEMENTS AND A TRAFFIC SIGNAL AT THE INTERSECTION OF MAIN STREET AND IOWA AVENUE 1. PARTIES AND DATE. This Cooperative Agreement ("Agreement") is made and entered into this day of 2004, by and among the County of Riverside a political subdivision, of the State of California with its principal address located at 4080 Lemon Street, Riverside, California 92501 ("COUNTY"), the City of Colton, a municipal corporation organized under the laws of the State of California with its principal address located at 650 North La Cadena Drive, Colton, California 92324 ( "CITY") and the City of Grand Terrace, a municipal corporation organized under the laws of the State of California with its principal address located at 22795 Barton Road, Grand Terrace, California 92313 ("GRAND TERRACE"). COUNTY, CITY and GRAND TERRACE are sometimes referred to individually as "party" and collectively as "parties" herein. 2. RECITALS. 2.1 The intersection of Main Street and Iowa Avenue is currently shared equally by the COUNTY and the CITY. 2.2 The intersection of Main Street and Iowa Avenue provides direct access to existing and future business and industrial areas in the City of GRAND TERRACE. 2.3 The COUNTY, the CITY and GRAND TERRACE have jointly determined that intersection improvements and a traffic signal is warranted at the intersection of Main Street and Iowa Avenue. 2.4 COUNTY, CITY and GRAND TERRACE recognize the benefits to the public to improve traffic operation and congestion at this intersection. 2.5 With the support of the COUNTY and GRAND TERRACE the CITY applied for and secured TEA -21 STP Grant funds from the California State Department of Transportation ("Caltrans") to finance improvements to this intersection. 2.6 The improvements to the intersection of Main Street and Iowa Avenue shall consist of realigning the Main Street intersection at Iowa Avenue consistent with the intersection geometry shown in Exhibit `B' (attached); and installing a new traffic signal and other necessary striping and markings on Main Street and on Iowa Avenue (the "PROJECT").