City Council

(5) 23-0559 CDs 2-4, 6 ENERGY AND ENVIRONMENT and TRANSPORTATION COMMITTEES’ REPORT relative to the Memorandum of Understanding (MOU) with the Los Angeles County Metropolitan Authority (Metro) for the design and construction of the Los Angeles River Valley Bike Path Project (Project). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: AUTHORIZE the President, Board of Public Works (Board), or two members of the Board, to execute the MOU between the City and Metro, for an amount of $60 million, plus additional future inflation adjustments for the design and construction of the Project. AUTHORIZE the City to accept reimbursements of $60 million, plus additional future inflation adjustments from Metro, for the design and construction of the Project. AUTHORIZE the City Controller to deposit the funds set forth above to the Engineering Special Services Fund, and to appropriate therein to the Los Angeles River Valley Bike Path, Appropriation Unit No. to be determined. AUTHORIZE the Bureau of Engineering to make any technical corrections or clarifications to the above actions. Fiscal Impact Statement: The Board reports that the Metro will provide reimbursement funding for design and construction for the Project, which will be front funded from the City through various sources to be determined.