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Item #7 CITY OF COLTON AGENDA REPORT FOR THE CITY COUNCIL MEETING OF MARCH 1, 2005 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: AMER JAKHER, P.E., CITY ENGINEER SUBJECT: RESOLUTION APPROVING PROGRAM SUPPLEMENT AGREEMENT FOR COLTON-SAN BERNARDINO BIKEWAY PROJECT, AUTHORIZING THE CITY MANAGER TO SIGN THE AGREEMENT AS WELL AS ANY FUTURE SUPPLEMENT AGREEMENT FOR THE PROJECT, AND BUDGETING THE AWARDED AMOUNT OF $255.000. DATE: FEBRUARY 22, 2005 BACKGROUND: The Colton Avenue Bikelane Project ("Project,) is a multi jurisdictional project between the cities of Colton and San Bernardino, located within the abandoned Southern Pacific Railroad right -of --way adjacent to Colton Avenue. The approximate length of the proposed project is 2.25 miles. The Project starts at Valley Boulevard in Colton moving north along 9th Street, then westward on "G" Street connecting to the abandoned Union Pacific Railroad corridor on the west side of Colton Avenue, and then extending northeasterly to the City limits and Inland Center Drive in City of San Bernardino. The bikeway travels along the Inland Center Drive over the I-215 interchange and continues northeasterly terminating at "G" Street in the City of San Bernardino. The project scope of work includes an eight (8) foot wide bicycle path (Exhibit "B"), a new traffic signal, lighting, and economical landscape treatment and irrigation system. The City has an existing lease agreement (Exhibit "C") to use the railroad property for hike and bike -trail purposes with Union Pacific Railroad Company for a period of 20 years expiring on December 31, 2023. City of San Bernardino has an approved funding for the Project in the amount of $25,000 and has the same agreement with the railroad company for a period of 20 years that will expire on December 31, 2024. As per cooperative agreement signed by both cities, the City of Colton will act as the lead agency for the project. RDA Funds In September 1999, the Colton Public Financing Authority (the "CPFA") issued $5.29 million in Tax Allocation Bonds secured by tax increment revenues in the Mt. Vernon Corridor Redevelopment Project Area. Approximately $2.0 million was used to refund existing debt from