HomeMy WebLinkAboutItem K October 11, 1999
STAFF REPORT
To: Mayor and Members of the City Council
Attention: Keith R. Till, City Manager
From: Stephen G. Badum, Director of Public Works/City Engineer
Subject: OCTA MASTER FUNDING AGREEMENT
AMENDMENT No. 1, C95-991
SUMMARY OF REQUEST:
The proposed action will amend the original Master Funding Agreement with the Orange
County Transportation Authority (OCTA)to provide for indemnification and right of way
disposal criteria.
DISCUSSION:
Upon the voter approval of Measure M in 1990, the City of Seal Beach entered into a
Master Funding Agreement with OCTA which sets the criteria for receiving, accounting,
and expending Measure M funds. OCTA is requesting an amendment to correct
deficiencies in the existing cooperative agreement. The amendment will add
indemnification sections and criteria for the disposal of excess right of way that was
originally purchased with funding from the Measure M program. In general, funds derived
from the sale of excess right of way which were originally purchased using Measure M
funds must be returned to OCTA.
FISCAL IMPACT:
No fiscal impact.
RECOMMENDATION:
It is recommended that City Council adopt Amendment No. 1 to Cooperative Agreement
No. C-95-991.
/ NOTED • i APPROVED
4
-.."14..."'
eph-./G. Badum, Director Keith R. Till
Public Works Department City Manager
Attachments;Resolution
C:\pwd\council\report\1999-2000\OCTA Master Agreement Amendment.doc
1 AGENDA ITEM/\ .
ti