Title:
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Approve a Mitigation Funding Guarantee with the U.S. Army Corps of Engineers for the Ranchero Road & BNSF Grade Separation Project, C.O. No. 7046
Recommended Action:
It is recommended that the City Council approve a Mitigation Funding Guarantee in an amount not to exceed $500,000, approve the establishment of a $500,000 trust fund, and authorize the City Manager to execute a Mitigation Financial Assurance Agreement with the U.S. Army Corps of Engineers related to the Ranchero Road & BNSF Grade Separation Project, C.O. No. 7046.
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