HomeMy WebLinkAbout20A - AA MAIN ST NOURTH OF 20TH ST
REQUEST FOR
COUNCIL ACTION
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CITY COUNCIL MEETING DATE:
CLERK OF COUNCIL USE ONLY:
FEBRUARY 21, 2006
TITLE:
APPROVED
D As Recommended
D As Amended
D Ordinance on 151 Reading
D Ordinance on 2nd Reading
D Implementing Resolution
D Set Public Hearing For
APPROPRIATION ADJUSTMENT
ACCEPTING FUNDS FOR THE
TRAFFIC SIGNAL ON MAIN STREET
NORTH OF 20TH STREET
CONTINUED TO
FILE NUMBER
RECOMMENDED ACTION
Approve an appropriation adjustment accepting funds from Steadfast
Courtyards, L.P. in the amount of $260,000 into the Select Street
Construction fund (account no. 59-01-5790) and appropriating funds to the
Select Street Construction fund (account no. 59-551-6631) for the traffic
signal installation on Main Street north of 20th Street.
DISCUSSION
As part of the Development Agreement between the City and Steadfast
Courtyard, L.P., the developer, Steadfast Courtyard is required to fund
the installation of a traffic signal on Main Street north of 20th Street.
The traffic signal is to provide access to the new parking lot now being
constructed as part of the Bowers Museum Expansion. The funds received
by the City will be used for design and construction of the traffic
signal. Construction will be completed prior to the opening of the
Bowers Museum Expansion.
ENVIRONMENTAL IMPACT
There is no environmental impact associated with this action.
FISCAL IMPACT
Funds in the amount of $260,000 will be deposited into the Select Street
20A-1
Appropriate Adjustment for Traffic Signal
February 21, 2006
Page 2 of 2
Construction fund (account no. 59-01-5790) and appropriated into the
Select Street Construction fund (account no. 59-551-6631).
APPROVED AS TO FUNDS AND ACCOUNTS:
J. TC ti
l't'James G. Ross
Executive Director
Public Works Agency
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~~rancisco Gutierrez
'U Executive Director
Finance & Mgmt. Services Agenc~y-
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