Report to Mayor and City Council
Wednesday, July 05, 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 $3,525,000 FOR PROJECT NO. 1780: VICTORIA TRANSIT CENTER
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I. SUMMARY
The City of Carson (City) is planning to undertake Project No. 1780: Victoria Transit Center. Grant funds from Los Angeles County Metropolitan Transportation Authority (Metro) Measure "R" funds in the amount of $3,525,000 were awarded to the City in accordance with the terms of the Funding Agreement, and will be used to fund the construction of this project. A Funding Agreement between the City and Metro signed by Metro's legal counsel has been forwarded to the city for execution.
The Metro Board requires the execution of the Funding Agreement, 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 $3,525,000.00 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 $3,525,000 to the City of Carson to complete the project.
3. AUTHORIZE the Mayor to execute the Funding Agreement between Los Angeles County Metropolitan Transportation Authority and the City of Carson following approval as to form by the City Attorney.
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III. ALTERNATIVES
DO NOT APPROVE the Funding Agreement; however, the City must execute this funding agreement in order to receive grant funds for this project. Invoices for reimbursement cannot be submitted to Metro until this funding agreement is fully executed.
IV. BACKGROUND
The City's Capital Improvement Program (CIP) calls for the design and construction of Project No. 1780: Victoria Transit Center (Exhibit No. 1). In September 2021, the Metro...
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