TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Carrie Tai, AICP, Interim Public Works Director
Prem Kumar, City Engineer
Helen Shi, Senior Civil Engineer
SUBJECT:Title
Consideration of a Resolution to Approve a Funding Agreement Between the Los Angeles County Metropolitan Transportation Authority and City of Manhattan Beach for the Recently Awarded $900,000 Measure R Highway Program Grant for the Marine Ave at Cedar Ave Intersection Improvements Project, and Amend Budgeted Revenues for the Grant Award (Interim Public Works Director Tai).
a) ADOPT RESOLUTION NO. 21-0014
b) APPROVE REVENUE BUDGET AMENDMENT
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Recommended Action
RECOMMENDATION:ody
Staff recommends that City Council adopt Resolution No. 21-0014:
A. Approving a Measure R Funding Agreement between the Los Angeles County Metropolitan Transportation Authority (LACMTA) and City of Manhattan Beach (City) for $900,000 to fund the development of design plans and specifications and construction of the Marine Ave at Cedar Ave Intersection Improvements Project.
B. Authorizing the City Manager to execute the Measure R Funding Agreement and any subsequent administrative amendments.
C. Approving a revenue budget amendment in the Proposition "C" Fund for the award of a $900,000 Measure R South Bay Highway Program Grant for the Marine Ave at Cedar Ave Intersection Improvements Project.
FISCAL IMPLICATIONS:
This $900,000 grant was awarded through the Measure R South Bay Highway Program for the Operational Improvements Projects along Sepulveda Boulevard (SR-1). These funds will be paid by LACMTA to the City on a reimbursement basis. There are no required City matching funds for the project, which has a current appropriation of $985,440. The funds that would have been spent for the project will remain in fund balance for future project appropriations. The revenue budget amendment for $900,000 is required t...
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