A Joint Item before the City Council and the Redevelopment Agency Regarding the Approval of Budget Amendments for the Fox Hills Area Traffic Signal Synchronization Project P 852. City of Culver City California City Council Agenda Item Report Date: 11/26/07 JOINT AGENDA ITEM: A Joint Item before the City Council and the Redevelopment Agency Regarding the Approval of Budget Amendments for the Fox Hills Area Traffic Signal Synchronization Project P 852 Contact Person/Dept.: Elaine Jeng/PW Phone Number: (310) 253 5621 Item Number: J 2 Fiscal Impact: Yes X No General Fund: Yes No X Attachments: X Public Hearing: Action Item: X Public Notification: Master Notification List on November 21 2007 and Crown WaterRidge LLC by mail on November 20 2007 Department Head Approval: Charles D. Herbertson 11/15/07 Fiscal Impact Review: Marlee Chang (by N. Kimball)(11/20/07) City Attorney Approval: Carol Schwab (by H. Iker) (11/20/07) City Manager Approval: Jerry B. Fulwood (11/21/07) RECOMMENDATION: Staff recommends: (1) The Redevelopment Agency and the City Council approve a budget amendment to drawdown $189 665 of traffic mitigation funds deposited with the Redevelopment Agency which could be allocated to the City s Fox Hills Area Traffic Signal Synchronization Project P 852 (2) the City Council approve a budget amendment to reduce the allocation in the amount of $143 390 from Gas Tax funds for Fox Hills Area Traffic Signal Synchronization Project P 852 and (3) Approve a budget amendment to increase the Prop C grant revenue and appropriation in the amount of $138 825 for P 852 (A 4/5ths vote is required for budget amendments). BACKGROUND: Staff submitted the Fox Hills Area Traffic Signal Synchronization Project to the Los Angeles County Metropolitan Authority (Metro) 2001 Call for Projects program for funding. The application proposed multiple components of work comprising of upgrading 12 traffic signals within the Fox Hills area switching existing traffic signal data transmission fr...
Click here for full text