2004 AGN MAR 02 I11 - Laserfiche WebLink

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Amendment No. 2 SAR Construction Management Agreement Page 2 of 3 reconstruction at the locations listed below and the cost estimate to complete the projects. The redirected funding sources and cost savings are also depicted below: Location Cost Estimate Cooley Ranch Wood Street Subdivision $320,000 Cooley Drive from 1-215 to Cooley Lane $189,000 Old Ranch Road between Cooley Dr. and MountainView $ 80,000 Contingency $18,770 Total $607,770 Funding Source Redirected Amount Washington Street Median Improvements $384,150 Reche Canyon Traffic Signal $121,820 Street Signal Hunts Lane $101.800 Total 607,770 Financial Impact The Agency currently has approximately $607,770 of the $2.4 million in bond proceeds available to fund programs and projects within the Santa Ana Project Area. The cost for each of the proposed projects was prepared by the City Engineer and includes certain overhead costs including 15% for design/engineering, 10% for administration, and 10% for contingencies and other incidentals and should cover any unforeseen costs. Therefore, it is anticipated that the Agency will have sufficient funds to complete all of the identified projects. Appropriating $607,770 of the $2.4 million for the identified projects will consume all of the Agency's available bond funds in this Project Area. Related Item Also on this agenda, the City Council and Agency Board are considering a Resolution making certain benefit findings pursuant to Section 33445 of the Health and Safety Code, which needs to be approved in order to effectuate this Amendment No. 2. Environmental Impact The City is responsible for the performance of any required environmental review for the various public improvement projects prior to their construction. Amending the Construction Management Agreement will not result in any environmental impact. Conflict of Interest — Gift Disclosure Requirements N/A Consistency with Redevelopment Implementation Plan Section 3.4.5 of the Agency Implementation Plan states that the Agency is to construct public improvements necessary to support private development by investing $2.4 million in projects which were designated by the Citizens Advisory Committee.