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HomeMy WebLinkAbout05/22/1995 Item #7I C -)e-/ May 22, 1995 CITY COUNCIL AGENDA ITEM NO. 7 TO: MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: PUBLIC WORKS DEPARTMENT SUBJECT: ORANGE COUNTY TRANSPORTATION AUTHORITY MASTER FUNDING AGREEMENT RECOMMENDATION: Approve Master Funding Agreement known as Cooperative Agreement No. C-95-985 between the City of Newport Beach and the Orange County Transportation Authority and authorize the Mayor, City Manager and City Attorney to execute the Agreement. DISCUSSION: On January 23, 1995, the Orange County Transportation Authority (Authority) Board of Directors authorized the Chief Executive Officer to enter into a Master Funding Agreement (Agreement) with each local agency. The purpose of the Agreement is to clarify the roles and responsibilities of the Authority and each local jurisdiction with respect to the delivery of projects funded by Measure M in the Combined Transportation Funding Program (CTFP) and the Bicycle and Pedestrian Facilities Program (BPF). Each year the City receives Measure M funding from the Authority for capital projects. The City must now enter into this Agreement in order to maintain eligibility to receive funding, By signing the Agreement, the Authority agrees to fund all approved projects in accordance with the CTFP and BPF procedures. Correspondingly, the City of Newport Beach agrees to complete all phases and activities of approved projects in a timely manner. If the City fails to implement and/or complete an approved project, the full amount of the funding programmed for the City project by the Authority must be returned to the Authority. 0 � f e City Attorney has reviewed the Agreement and approved as to form. Don Webb Public Works Director Attachments w 0 C O m N act O 0 N O m 0 N w O! n a0 M W � Q 2 p p Q' O a � 0 wm rn Q� Lu w 0 N N O1 � � a (V w 00 O COD O O O O m n N aD C 0 m m o 0 m w � QiL <uu IL maDCDQQ dQQFaF a M:,Fn (7 <<<<< �dacr�10 a. ILMMN fg0_ a �c27f27 Ir v ir Fr LL, y UR OU�UOUDUU m L C LL vvv o$ovvv WW W W W W a 000W >> W W Kd'K CN 2 S 2 «000 v m m m N�3@UoorYY «E8W(.50000 ~ co«« ZZZ d dNaaaOCL 0 p � bb mTW K vvm f/1y� W W `m mvv CL o:s;s 5, NyyHWWOW 'ecom0m0m0.t;,, m 70' m ?WOoUUU )>>> �E EZ Mr.mOu mzzaaa a U V ULLW l0 W H (VO N W N N W W W W W W W N L W W W W W W W W m m m m m m m m m m m m U 00¢00000000000 GRIM toll W Z Z Z Z Z Z Z Z Z Z Z Z w 0 C O m 0 0