Title:
Title
Agreement: Meadowview Road Complete Street Project (T15145500)
End
FileID
File ID: 2020-00642
Location
Location: Meadowview Road between 24th Street and Detroit Boulevard, District 8
End
Recommendation:
Recommendation
Pass a Motion authorizing the City Manager or the City Manager's designee to execute an agreement with the Sacramento Area Council of Governments (SACOG) for the repayment amount of $1,550,000 through the Tier 3 Loan Program to be repaid as set forth herein and as in the letter agreement attached hereto and marked Exhibit "A."
FileName
Contact: Judith Matsui-Drury, Supervising Engineer, (916) 808-7610; Nader Kamal, Interim Engineering Services Manager, (916) 808-7035, Department of Public Works
Body
Presenter: None
Attachments:
1-Description/Analysis
2- Exhibit "A" - SACOG Agreement
Description/Analysis
Issue Detail: On May 5, 2020, the City Council approved the construction contract award for the Meadowview Road Complete Street Project at $8,052,711 and the budgetary adjustments needed (Resolution No. 2020-00390). In order to fill a funding gap, staff requested the Sacramento Area Council of Governments (SACOG) advance additional federal funds to meet the construction schedule through a Loan Program. In order to avoid project delay, the contract was awarded while the agreement was being completed. As part of the previous approvals by the City Council, budgetary adjustments were made contingent upon subsequent approval to execute the loan agreement with SACOG which now requires action. The financial terms are described in the letter agreement (Exhibit A).
Policy Considerations: The action requested supports the City's General Plan goals of improving the transportation system, expanding public safety, achieving sustainability through reduced dependence on the private automobile, and enhancing livability and economic vitality. The Project provides much needed improvements to the bicycle and pedestrian facilities...
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