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Irvine Business Center <br />Agreement With City Of Irvine <br />March 21, 2011 <br />Page 2 of 2 <br />Public Works Agency staff determined that these four listed traffic mitigation projects would be <br />unlikely to happen due to the extensive right of way required for implementation, and that several of <br />them are infeasible. Instead of requiring Irvine to provide their fair share for these improvements, <br />staff recommends continuing to require Irvine to contribute to the Alton Avenue Overpass project. <br />Therefore, staff worked with the City of Irvine to amend the existing 1992 IBC agreement, while <br />retaining the requirement for the Alton Avenue Overpass. The agreement requires each city to <br />contribute 50% of the match funding required by future grants or other entities. <br />The agreement also requires Irvine to fully fund the widening of Dyer Road from a six-lane major <br />arterial to an eight-lane principal arterial, and documents Irvine's responsibilities relative to private <br />property parking impacts which may be caused during right-of-way acquisition for the Dyer Road <br />widening project. <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act (CEQA), the proposed project is <br />exempt from further review. An Environmental Impact Report was filed for this project by the City <br />of Irvine. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />A <br />r <br />Raul odinez II <br />Executive Directo <br />Public Works Agency <br />RGrrH <br />Exhibit: 1. Agreement <br />25B-2