2004 AGN JUL 20 I16 - Laserfiche WebLink

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Item #16 CITY OF COLTON AGENDA REPORT FOR THE CITY COUNCIL MEETING OF JULY 209 2004 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: AMER JAKHER, P.E., CITY ENGINEER �� SUBJECT: AUTHORIZATION REQUEST TO SOLICIT PUBLIC BIDS FOR THE CONSTRUCTION OF WASHINGTON STREET AND COOLEY RANCH STREET IMPROVEMENT PROJECT (DISTRICT 5 CIP). DATE: JULY 129 2004 DAUMiKU U N D: In April 1998, the Colton Public Financing Authority (the "CPFA") issued $15.2 million in tax allocation bonds (TABs) secured by tax increment revenues in the Santa Ana River (SAR) Redevelopment Project Area. The Agency entered into a loan agreement with the CPFA on April 1, 1998 to draw down $3.31 million in bond proceeds for eligible projects including the installation and construction of various public improvements, which are publicly owned and situated in or of benefit to the Santa Ana River Project Area. On December 7, 1999, the Redevelopment Agency Board approved a list of public improvement projects. On March 20, 2001, the Agency and the City entered into a Funding and Construction Management Agreement (CMA) to install and construct the public improvement projects. On June 4, 2002, the City and Agency approved Amendment No. 1 to the CMA, which deleted the Hunts Lane Street Lighting and Landscaping and Sidewalks projects from the list of projects and reduced the total funding available for these projects from $1,699,720 to $1,642,720. On March 2, 2004, the City Council approved Amendment No. 2 to the Santa Ana River CMA that added the following three project locations identified in the CMA Amendment No. 2 as: Reconstruction of Cooley Ranch Wood Subdivision, Cooley Drive from I-215 to Cooley Lane and Old Rancho Road; Amendment No. 2 increased the available funding to the initial amount made available to these projects of $1,699,720. A substantial savings of staff time as well as an increase in efficiency would result from combining the three projects mentioned above with three (3) CIP projects, within this area, namely Slurry Seal Phase I (District 5 only), Washington Street Improvement and Reche Canyon Road Improvement. The three (3) projects mentioned in the No. 2 Amendment to the CMA will be funded by the 1998 bond proceeds designated for these projects some of which is a result of savings from some of the other proposed and completed projects in the original Santa Ana River CMA. The three CIP projects will be funded through Measure I funds. All of these projects are located in District 5 and listed as follows: