City Council

13. Second Amendment - Edison Avenue Reimbursement Agreement (L.S. College Park, LLC).\nApprove a reimbursement agreement amendment with LS College Park, LLC for the\ndesign/construction of public improvements on Edison Avenue between Central to Oaks\nAvenues in the amount of $1,292,860 for a total contract amount not to exceed $13,700,000.\nStaff Report By: Sylvia Ramos, Associate Engineer\nRECOMMENDATION: 1) Appropriate $342,463 to Fund 328 Measure I Arterial Subprogram\nwith a corresponding revenue reimbursement increase retroactive to FY22-23; 2) appropriate\n$1,657,537 to Fund 328 Measure I Arterial Subprogram with a corresponding revenue\nreimbursement increase for FY23-24; 3) appropriate $3,269,000 to the Transportation Fund\nwith a corresponding year end transfer from the Citywide Transportation Development Impact\nFee Fund 220 for FY23-24; 4) increase the budget for ST163 by the additional appropriations\nlisted above: $342,463 for FY22-23 for a revised reimbursement agreement budget of\n$8,773,463 and $4,926,537 for FY23-24 for a total revised agreement budget of $13,700,000;\n5) approve an amendment to the reimbursement agreement 2017-152 with LS College Park,\nLLC. for the design/construction of public improvements on Edison Ave between Central and\nOaks Avenues in the amount of $1,292,860 for a total reimbursement agreement of\n$13,700,000; and 6) authorize the City Manager to execute all the necessary documents of\nbehalf of the City.