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HomeMy WebLinkAboutAgenda Statement 1987/11/17 Item 7~ COUNCIL AGENDA STATEMENT • Item 7 Meeting Date 11/17/87 ITEM TITLE: Resolution~~~~ ~ Approving agreement between the City of Chula Vista and the State of California Department of Transportation for State Transit Capital and Improvement Program Funds for Bayfront Tro ley Station Project SUBMITTED BY: Director of Public 4Jorks REVIEWED BY: City Manager~~~/ (4/5ths Vote: Yes No X On November 1, 1985, the City of Chula Vista submitted an application to the State of California for State Transit Capital and Improvement Funds in the amount of $961,000 for the Bayfront Trolley Station project. Although the California Transportation Commission approved the application for FY 1986-87 funding, these funds were not released by the State until the current fiscal year. On January 6, 1987, the City Council, at the request of the County of San Diego, increased the total Bayfront Trolley Station project cost from $5.2 million to $6.5 million which increased the City's 50°~ share of the project cost by $650,000 and the County's share by $650,000. Council subsequently requested the Redevelopment Agency to appropriate $169,500 of the $650,000 increase with the understanding that the balance of the City's share, .amounting to $480,500, would be appropriated when the State funds were released. RECOMMENDATION: That Council: 1. Approve agreement between the City of Chula Vista and State of California Department of Transportation for State Transit Capital and Improvement Program funds in the amount of $961,000, and 2. Request the Redevelopment Agency to appropriate $480,500 for the Bayfront Trolley Station project. BOARDS/COMMISSIONS RECOMMENDATION: Not applicable. DISCUSSION: According to CalTrans, the $961,000 in Transit Capital and Improvement Program funds should be sent to the City of Chula Vista within six weeks after approval of the agreement by the City. The agreement between the City of Chula Vista and the County of San Diego for construction and operation of the Bayfront Trolley Station states that City and County will share equally all revenues and costs of the Bayfront Station Project; therefore, 50% of the $961,000 or $480,500, will be forwarded to the County upon receipt of the $961,000 by the City. • • Page 2, Item 7 Meeting Date-Tl-]T'77$7 The City's share of the Bayfront Station Project has been funded by the Bayfront/Town Centre Bond Issue of 1986, administered by the Redevelopment Agency. On January 6, 1987, the City approved an increase in the total Bayfront Trolley Station project cost from $5.2 million to $6.5 million and requested the Redevelopment Agency to appropriate only $169,500 of the City's $650,000 share of the cost increase at that time, in anticipation that the balance, $480,500, would be appropriated once the State funds were released. Therefore, staff recommends that Council request the Redevelopment Agency to appropriate $480,500 for the Bayfront Station Project. The total estimated project cost of $6.5 million includes construction of both Phase I and Phase II, and land acquisition costs. Phase II is removal of the bowling center and addition of parking spaces on that site. Land acquisition costs include estimated settlement costs on all parcels at the station including Seymour Rabin, the owner of the property in which Cabrillo Lanes is a tenant; the tenant's interest which includes furniture, fixtures, and equipment; and relocation and goodwill. The tenant's interest, and relocation and goodwill interests, are yet to be resolved. FISCAL IMPACT: The $961,000 in State funds for the Bayfront Trolley Station project were included as a funding source for the total estimated $6.5 million cost of the project in January 1987. The City's 50% share, or $480,500 will be appropriated by the Redevelopment Agency as part of the City's contribution .toward the total project cost. The County's 50~ share of $480,500 will reimburse the County for its equal portion of the total project cost. WP~G : fp/DS-038 WPC 0932T • y the City Council of Chula Vista, California Dated ~_ ~,-