Approval of an Amendment to the Agreement Reallocating the Remaining Costco Regional Traffic Mitigation Funds Toward the Admiralty Way between Fiji Way and Via Marina Improvement Project and/or the Washington Boulevard at Palawan Way Project. City of Culver City California Agenda Item Report Item Number: A 1 Meeting Date: 07/20/09_ CITY COUNCIL AGENDA ITEM: Approval of an Amendment to the Agreement Reallocating the Remaining Costco Regional Traffic Mitigation Funds Toward the Admiralty Way between Fiji Way and Via Marina Improvement Project and/or the Washington Boulevard at Palawan Way Project Contact Person/Dept.: Helen Kerstein/PW Fiscal Impact: Yes X No General Fund: Yes No X Phone Number: (310) 253 5618 Public Hearing: Action Item: X Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas City Council (07/08/09); (Telephone) Jim Kennedy City of LA; (Telephone) Shari Afshari LA County Department of Public Works; (Telephone) Planning Commission Department Approval: Charles D. Herbertson (07/10/09) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (07/08/09) City Attorney Approval: Carol Schwab (by H. Baker) (07/15/09) City Manager Approval: Mark Scott (07/15/09) RECOMMENDATION: Staff recommends the City Council approve an Amendment to the Agreement reallocating the remaining $1 515 942 of Costco Regional Traffic Mitigation funds (RTM funds) toward the Admiralty Way between Fiji Way and Via Marina Improvement Project and/or the Washington Boulevard at Palawan Way Project (Attachment 2). BACKGROUND: On June 24 1998 the Culver City Planning Commission approved the conditions of approval for the Costco project located near the intersection of Lincoln and Washington Boulevards. The RTM funds were required as part of those conditions. Since the purpose of the RTM funds is to implement regional transportation improvements proposed expenditures must be agreed upon by representatives from Culve...
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