2004 AGN MAR 02 I11 - Laserfiche WebLink

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Item #11 REDEVELOPMENT AGENCY FOR THE CITY OF COLTON For the Redevelopment Agency and City Council Meeting of March 2, 2004 TO: Honorable Agency Chairperson and Boardmembers Honorable Mayor and Councilmembers FROM: Candace Cassel, Redevelopment Manage�3 SUBJECT: Consideration and Approval of Redevelopment Agency Resolution No. 824 and City Council Resolution approving Amendment No. 2 to Santa Ana River Public Works Projects Funding and Construction Management Agreement. DATE: February 6, 2004 Background On March 20, 2001, the Redevelopment Agency Board approved Agency Resolution No. 770 and the City Council approved Resolution R-23-01, which approved entering into the Santa Ana River Public Works Projects Funding and Construction Management Agreement (Attachment "A") for the purpose of paying for the cost of the installation and construction of certain public work improvement projects situated in or of benefit to the Santa Ana River Redevelopment Project Area. Amendment No. 1 was approved by the City and Agency (Resolution R-63-02 and 801 respectively) which: 1) eliminated an unnecessary lighting, landscaping and sidewalk improvements from the list of scheduled improvements; 2) extended certain time limits in which to complete the public work improvement projects, and 3) designated Union Bank as the fiscal agent (Attachment "B"). On December 7, 1999, the Agency Board approved a list of public improvement projects which were recommended for funding by the Santa Ana River Citizens Advisory Committee. On March 20, 2001, the Agency and the City entered into a Funding and Construction Management Agreement to install and construct the public improvement projects. To -date, all of the projects identified in the Construction Management Agreement have been completed (with the exception of the Washington Street Median and Landscaping) and funded either through the Construction Management Agreement or through other funding sources: SAR traffic signal and the Reche Canyon Traffic signal were constructed with the Traffic Congestion Relief Funds and the Washington Street Median and Landscaping, although not yet finished, will realize a savings in $384,150. Discussion The City Engineer has recommended to the Agency that additional certain public improvement projects which are situated inside the Santa Ana River Project Area be installed and constructed at the earliest feasible time. It is being requested that funds be redirected from previously authorized projects, which were completed using other funding sources, and remaining funds from completed projects be combined to complete additional infrastructure projects within the project area, as recommended by the City Engineer. The three new projects have been identified and include drainage and/or street