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HomeMy WebLinkAbout2022-085 - Request for Escalation Ajustment by the Orange Countu TransportationRESOLUTION 2022-085 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING A REQUEST FOR ESCALATION ADJUSTMENT BY THE ORANGE COUNTY TRANSPORTATION AUTHORITY TO THE MEASURE M2 ALLOCATION FOR THE WARNER AVENUE IMPROVEMENTS PROJECT WHEREAS, the Orange County Transportation Authority (OCTA) conducted the 2020 call for projects under the Measure M2 Regional Capacity Program (RCP); and WHEREAS, the City of Santa Ana received an M2 allocation (Measure M2 Competitive ACE funds) in the amount of $7,494,000 from OCTA to fund the Warner Avenue Improvements Project from Oak Street to Standard Avenue; and WHEREAS, the City of Santa Ana committed to providing a minimum of 25% in matching funds for the Warner Avenue Improvements Project from Oak Street to Standard Avenue; and WHEREAS, the City of Santa Ana established fiscal year 2018/19 as the program year to commence the right-of-way phase for the above project; and WHEREAS, the City of Santa Ana has experienced increase cost for right-of-way acquisition due to real estate inflation. The COVID-19 pandemic and various new state and federal guidelines developed during this challenging time (especially the eviction moratorium from April 2020 to September 2021) have created many uncertainties. Low interest rates, high rents, and working from home have helped intensify housing market demand, escalate market value of over 25% in Orange County, and diminish housing inventory for sale and lease. WHEREAS, OCTA approved a temporary policy change for eligible RCP and RTSSP projects that were impacted by the extraordinary cost increases of inflation, which would allow local agencies to request adjustments to eligible right-of-way and construction allocations consistent with the Engineering News Record Construction Cost Index, based on the actual 20-city average, for fiscal years 2020-21, 2021-22, and 2022- 23. WHEREAS, the OCTA temporary policy change requires agencies to request authorization from their governing bodies to apply for an escalation adjustment to the original M2 allocation. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Santa Ana as follows: Resolution 2022-085 Page 1 of 3 Section 1. The Executive Director of Public Works, or his or her designee, is hereby authorized to request an escalation adjustment in the amount of $1,376,000 for the Warner Avenue Improvements Project, which if approved by the OCTA Board of Directors, would result in a revised M2 allocation of $8,870,000. Said funds, if approved, shall be matched by funds from the City at the same 25% level, resulting in an additional City funding need of $459,000 which will be funded through State/Local Funds. Section 2. This Resolution shall take effect immediately upon its adoption by the City Council, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution ADOPTED this 1 st day of November. 2022. k V.u4j Vicente Sarmiento APPROVED AS TO FORM: Sonia R. Carvalho, City Attorney By: J n M. Funk C ief Assistant City Attorney AYES: NOES: ABSTAIN: NOT PRESENT: Councilmembers Councilmembers Councilmembers Councilmembers Mayor Hernandez, Lopez, Mendoza Penaloza Phan Bacerra, Sarmiento (7) None (0) None (0) None (0) Resolution 2022-085 Page 2 of 3 CERTIFICATE OF ATTESTATION AND ORIGINALITY I, Clerk of the Council, do hereby attest to and certify the attached Resolution No. 2022- 085 to be the original Resolution adopted by the City Council of the City of Santa Ana on November 1, 2022. Date: z _/ Y , --�4 n�' �wClerk of the Council City of Santa Ana Resolution 2022-085 Page 3 of 3