IRVINE, CITY OF 1999 - Laserfiche WebLink

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REIMBURSEMENT AGREEMENT THIS REIMBURSEMENT AGREEMENT ( "Agreement "), is made and entered into the It i day of f,& az , 1999, by and between the CITY OF SANTA ANA, a municipal corporation of theVState of California, Post Office Box 1988, Santa Ana, California 92702, hereinafter referred to as "Santa Ana," and the CITY OF IRVINE, a municipal corporation of the State of California, P. O. Box 19575, Irvine, California 92623, hereinafter referred to as "Irvine ". RECITALS: WHEREAS, Irvine and Santa Ana desire to cooperate on a joint project to provide real -time traffic surveillance and system detection capabilities on the key arterials in the vicinity of the SR -55 corridor (Project). WHEREAS, this Project has qualified for state funding in the amount of five hundred twenty -three thousand dollars ($523,000) for design and construction of the project. WHEREAS, the total cost of the Project is Six hundred two thousand and nine hundred dollars ($602,900). WHEREAS, in order to fund the difference between the total costs of the Project and the amount received in state funding, Santa Ana has agreed to contribute fifty four thousand dollars ($54,000) and Irvine has agreed to contribute twenty seven thousand dollars ($27,000) toward the Project. AGREEMENT: NOW, THEREFORE, in consideration of the foregoing Recitals and for good and valuable consideration, the sufficiency of which is hereby acknowledged, Irvine and Santa Ana mutually agree to the following terms and conditions: Section 1 Scope of and Responsibility for Project A. Scone The Project consists of the installation of Closed Circuit Television cameras and system detections at the following locations: Grand Avenue at Hotel Terrace Drive. Dyer Road at Pullman Street. Dyer Road / Barranca Parkway at Red Hill Avenue. MacArthur Boulevard at Red Hill Avenue. 1 3