GARDEN GROVE, CIY OF - Laserfiche WebLink

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AGREEMENT THIS AGREEMENT made and entered into this 23rdday of _May____ 1973, by and between the City of Garden Grove" a municipal corporation, hereinafter called "GARDEN GROVE" and the City of Santa Ana, a municipal corporation, hereinafter called "SANTA ANA"- NlTNE55ETH THAT: WHEREAS, considerable traffic congestion presently exists and is increasing at the intersection of Euclid Street at Westminster Avenue; WHEREAS, a study has been completed and the conclusion drawn that traffic conditions at the said intersection warrant the intersection to be included within a progression system for the proper and orderly movement of traffic on Euclid WHEREAS, portions of said intersection are within the City boundaries of Santa Ana and of Garden Grove; WHEREAS, it is the desire of the parties hereto to set out their respective rights and obligations concerning the improvement, modification, operation and maintenance of existing traffic signal and lighting system at the intersection of Westminster Avenue and Euclid Street; NOW THEREFORE, for and in consideration of the covenants herein contained, performed and to be performed, the parties hereto agree as follows: l' The parties hereto agree to share the engineering, administration, construction and inspection costs of the installation of the traffic signal modification in the same ratio as the number of legs under each party's jurisdiction entering the intersaofionareto the total number of legs entering the intersection. 2- The total cost of said modification project is presently estimated not to exceed $41,500-00 and shall initially be borne by Garden Grove. 3' Following completion of construction, Santa Ana shall, upon receipt of proper demand, reimburse Garden Grove in an amount equal to fifty percent (50%) of the total eligible cost' Both Garden Grove and Santa Ana plan to finance their share of the costs for this project with TOPICS funds and City matching funds. It is mutually understood that Santa Ana will only be required to finance that portion of this project where TOPICS and City matching funds are eligible to be jointly used. -l-