Report to Mayor and City Council
Tuesday, May 16, 2023
Consent
SUBJECT:
Title
CONSIDER APPROVAL OF FUNDING AGREEMENT BETWEEN LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY (METRO) AND THE CITY OF CARSON ACCEPTING MEASURE R FUNDING IN THE AMOUNT OF $ 4,220,000.00 FOR PROJECT NO. 1657: TRAFFIC SIGNAL UPGRADES - FIGUEROA ST AT 234TH ST, FIGUEROA ST AT 223RD ST, FIGUEROA ST AT VICTORIA ST / 190TH ST, MAIN ST AT 220TH ST, MAIN ST AT ALBERTONI ST, AND MAIN ST AT VICTORIA ST.
Body
I. SUMMARY
The City of Carson (City) is planning to undertake Project No. 1657: Traffic Signal Upgrades (Project) - Figueroa St at 234th St, Figueroa St at 223rd St, Figueroa St at Victoria St / 190th St, Main St at 220th St, Main St at Albertoni St, and Main St at Victoria St. (Exhibit No. 1).
Grant funds from Los Angeles County Metropolitan Transportation Authority (Metro) Measure "R" funds in the amount of $4,220,000 were awarded to the City in accordance with the terms of the Funding Agreement, to cover 100% of the estimated cost of this project which includes $300,000 for preliminary engineering already completed by Metro, an additional $190,000 for construction support to be expended by Metro, and $3,730,000 for the construction phase to be conducted by the City. After deducting these amounts for engineering and construction support, the grant funds remaining and available to be used toward the construction of Project are in the amount of $3,730,000.
The Metro Board requires the execution of the Funding Agreement between the City and Metro, and staff now seeks City Council approval of the same to fund the project.
II. RECOMMENDATION
Recommendation
TAKE the following actions:
1. ACCEPT a grant in the amount of $4,220,000.00 from Los Angeles County Metropolitan Transportation Authority.
2. APPROVE the Funding Agreement between Los Angeles County Metropolitan Transportation Authority and the City of Carson granting $3,730,000 to the City of Carson to cover the proj...
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