25E - FIXED GUIDEWAY PROJECT - Laserfiche WebLink

Home Browse Search

Amendment to Agreements for Step 2 and Step 3 Work for the Fixed Guideway Project May 7, 2012 Page 2 (FTA), in the process has resulted in additional document review cycles, and thus, increased time needed to complete the project, resulting in added costs. Additionally, a major sub- consultant, who was responsible for preparation of the environmental analysis for the project, has been unable to deliver the environmental documents in a timely manner and of a quality acceptable to the City and OCTA. Consequently, on April 16, 2012, the City contacted OCTA regarding the budget shortfall and the additional funds needed to complete Step 2. OCTA and the City are both committed to the successful development and completion of the Fixed Guideway project, and have worked closely to address project issues and to identify potential funding to resolve them. It was determined that the City can request a reallocation of the 10% of Measure M2 Project S funds from the Step 3 Preliminary Engineering, to Step 2 to complete the environmental documents, project management support, and agency coordination. Attached Exhibit 1 shows the current funding for Project Development and the reallocation. This will result in an equivalent shortfall for the Step 3 Preliminary Engineering funding, which will be filled with City funds. Further, if the project does not advance to the next step (Preliminary Engineering Phase), the City will be required to reimburse to OCTA the reallocated funds. Amendment to cooperative agreements is scheduled to be approved by the Transit Committee on May 10, 2012 and subsequently by the OCTA Board on May 14, 2012. ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT Funds for the reallocation from Step 3 ($488,000 in Project S) to Step 2 are available in Measure M2 Street Construction (accounting unit 03217662-66220, project 126766). The City will be required to backfill this amount with City dollars for the completion of Step 3. Exhibit 2 is the detailed funding analysis for Step 2 & Step 3. APPROVED AS TO FUNDS AND ACCOUNTS: r Raul Godinez I Francisco Gutierrez Executive Director Executive Director Public Works Agency Finance & Management Services Agency RG/SA Exhibit 1: Reallocation of Step 3 Exhibit 2: Funding Analysis 25E-2