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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />WHEREAS, the City and the Agency desire that the Funding and Construction <br />Management Agreement be amended to extend the schedule of each of the Rancho Mill <br />Construction Management Agreement projects to September 30, 2007; and <br />WHEREAS, the City and the Agency desire that the Funding and Construction <br />Management Agreement be amended to redirect funds from an authorized project, which is <br />under budget, and remaining funds from completed projects be combined to complete <br />authorized infrastructure projects within the project area, as recommended by the City <br />Engineer. The redirected funds are being requested to compensate for overages of the 6th <br />Street from Hanna to Acacia, Curbs, Gutters, Sidewalks, and Drainage project, in the amount <br />of $17,536.01. The funding source for the redirected funds will be deducted from savings <br />incurred from the Olive St. from Rail Road Track to 7th St., Curbs, Gutters, Sidewalks, and <br />Drainage project; and <br />WHEREAS, the City and the Agency desire that the Funding and Construction <br />Management Agreement be amended to redirect any additional savings from the projects <br />listed in Section 2 of the agreement or added in Amendment No. 1, to the Landscape <br />Improvements at "C Street and Rancho; and <br />WHEREAS, the City and the Agency further desire to authorize its City Manager and <br />Executive Director, respectively to make additional amendments, should they be required, to <br />extend time limits and reallocate funds between the projects as already approved by the City <br />Council and Redevelopment Agency; and <br />WHEREAS, the City and the Agency desire to amend the Funding and Construction <br />Management Agreement to effectuate the foregoing. <br />NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF COLTON DOES <br />HEREBY RESOLVE AND FIND AS FOLLOWS: <br />Section 1. The recitals set forth above are true and correct. <br />Section 2. The City Council hereby approves Amendment No. 2 to the <br />Funding and Construction Management Agreement on file with the City Clerk. <br />7 <br />