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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FOR$ FILE ID: O1-SS Date: 11/30/2007 Commission Meeting Date: 1/10/2008 Type: ® Resolution f I Ordinance } Requesting Department: Capital Improvements District Impacted: 2 Emergency Ordinance I Discussion Item ( I Other Subject: To authorize execution of a Joint Participation Agreement ("JPA") with the Omni Community Redevelopment Agency for the North Bayshore Drive Drainage Improvements Project, B-50658. Purpose of Item: Authorizing the City Manager to enter into an agreement with the Omni Community Redevelopment Agency ("CRA"). CRA wishes to fund the North Bayshore Drive Drainage Improvements Project, B- 50658, along North Bayshore Drive from NE 17th Terrace to NE 19th Street and NE 18th Street from NE 4th Avenue to North Bayshore Drive. The City will be responsible for the management and administration of the Project. Background Information: The City wishes to facilitate the construction of a road improvement project within the City and CRA boundaries to address the existing flooding and roadway conditions along North Bayshore Drive from NE 17th Terrace to NE 19th Street and NE 18th Street from NE 4th Avenue to North Bayshore Drive. CRA shares the City's interest in constructing the road improvement project and supports the City's efforts by providing funding in the not to exceed amount of $5,000,000. The drainage improvements include raising the road profile elevation, constructing new drainage wells, sidewalk reconstruction, landscaping, signing and pavement markings. The attached Joint Participation Agreement ("JPA") has been negotiated with the CRA detailing the responsibilities of the parties. Budget Impact Analysis No Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: B- Sa,58 , NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $5,000,000 1 C.l.P APPROVAL: Final Approvals (SIGN AND DATE) CIP arc, 1 �, Budgetll� If using or ec �, lE.:d Qt i �i1 Grants N Risk Maifagement Purchasing N/A Dept. Director \ Chief City Manager N/A Page 1 of 1 Project Manager: Kevin Brown