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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: NOVEMBER 15, 2010 TITLE: AMENDMENT TO COOPERATIVE AGREEMENT WITH COUNTY OF ORANGE FOR PROPOSITION 1B ALLOCATION FOR CITY STREETS L � CITY MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Ordinance on 1s' Reading ❑ Ordinance on 2nd Reading ❑ Implementing Resolution ❑ Set Public Hearing For_ CONTINUED TO FILE NUMBER Authorize the City Manager and Clerk of the Council to execute a second amendment to the cooperative agreement with the County of Orange to redirect the surplus from previously allocated Proposition 1 B funds, subject to non - substantive changes approved by the City Manager and City Attorney. DISCUSSION At their March 4, 2008 meeting, the County Board of Supervisors allocated a portion of the County's Proposition 1 B (Prop 1 B) funds to assist cities in the delivery of critical transportation and safety projects. On May 5, 2008 the City Council approved a cooperative agreement with the County for the receipt of the first allocation of these Prop 1 B funds. The City completed the projects but due to competitive and favorable bids the project balance resulted in a surplus of $526,167. On March 16, 2010, the City requested the surplus funds to be reallocated for improvements to Golden Circle Drive from First Street to 650 feet north of Fourth Street (Exhibit 1). A letter dated May 13, 2010 from the County indicated support for the funding reallocation and that the City's request would be approved in November 2010. For the County to dispense these funds, Amendment No. 2 to the existing County /City Cooperative Agreement No. D08 -42 must be executed. The allocation was included in the City's Fiscal Year 2010/11 CIP and will be expended by June 30, 2011. ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. 25L -1