City Council

7.\nAPPROVAL OF COST-SHARING AGREEMENT WITH\nCOSTCO WHOLESALE CORPORATION FOR THE EL CAMINO REAL / AUTO\nCENTER DRIVE TRAFFIC SIGNAL IMPROVEMENT PROJECT Staff is\nrecommending that the City Council approve a Traffic Signal Cost-Sharing\nAgreement with Costco Wholesale Corporation. The agreement\nestablishes shared financial responsibilities for the Traffic Signal\nImprovement Project at the intersection of El Camino Real and Auto\nCenter Drive. This agreement has been reviewed and approved as to\nform by Costco and the City Attorney’s Office. The total estimated project\ncost is $250,000 and per the agreement, Costco would reimburse the City\nfor 50% of the actual project cost up to $125,000.\nRecommendation: It is recommended that the City Council: 1. Approve the\nTraffic Signal Cost-Sharing Agreement between the City and Costco\nWholesale Corporation for the Traffic Signal Improvement Project at El\nCamino Real /Auto Center Drive intersection; and 2. Authorize the City\nManager or his designee, the Director of Public Works, and the City Clerk\nto execute the agreement on behalf of the City. Fiscal Impact: Sufficient\nfunds in the amount of $100,000 for the project design phase have been\nappropriated in the Fiscal Year 2025-26 Capital Improvement Program\nBudget. Funding for the construction phase will be requested through a\nfuture City Council action as part of the Fiscal Year 2026-27 budget\nprocess.