File #: 17-0109    Version: 1 Name: Mitigation Funding Guarantee Agreement
Type: Resolution Status: Consent Calendar
File created: 3/14/2017 In control: City Council
On agenda: 3/21/2017 Final action:
Title: 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.
Sponsors: Michael Blay
Attachments: 1. SR Mitigation Funding Agreement 3-21-2017
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Title 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.