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Agreement with the Legacy Fund for Use of 10th Street <br />August 29, 2023 <br />Page 2 <br />The Public Works Agency recommends approving the proposed license agreement as <br />the proposed use is consistent with existing uses. The agreement resolves liability <br />concerns and the proposed improvements will improve the quality of life for the <br />community, and will not prohibit existing drainage, pedestrian access, or other beneficial <br />public uses of the space. The City retains the right and ability to re -open this portion of <br />10t" Street to vehicular access at any time with appropriate notice as defined in the <br />proposed License Agreement. <br />FISCAL IMPACT <br />For their use of the public right-of-way, TLF shall pay the City $3,000 annually. Funds <br />will be deposited into the Residential Street Improvement Revenue Fund, Rental of <br />Property Account (No. 05817002-57960) and be budgeted for use in future residential <br />street improvement projects. <br />EXHIBIT(S) <br />1. Location Map <br />2. Proposed Improvements <br />3. License Agreement <br />Submitted By: Nabil Saba, Executive Director of Public Works <br />Approved By: Kristine Ridge, City Manager <br />