SR-506-006
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Council Meeting: May 22, 2001 Santa Monica, California
TO: Mayor and City Council
FROM: City Staff
SUBJECT: Memorandum of Understanding with the Los Angeles County Metropolitan
Transportation Authority to Establish a Capital Reserve Account for the
Olympic Drive Extension Project
Introduction
This report recommends that the City Council adopt the attached resolution authorizing
the City Manager or her designee to negotiate and execute a Memorandum of
Understanding(MOU)with Los Angeles County Metropolitan Transportation Authority
(MTA) to establish a Capital Reserve Account for the Olympic Drive extension project.
Background
Los Angeles County voters approved Proposition C on November 6, 1990, authorizing a
half percent sales tax increase to fund transportation-related projects. One component
of the Proposition is a local-return funding source, which is distributed monthly by the
MTA to local cities and to Los Angeles County. Under the MTA guidelines, Proposition
C funds must be spent within three years after receipt.
In 1995, the City received approval to utilize these funds on the Olympic Drive
Extension project, which will provide drive-thru transit access to the Civic Center by
completion of a new street between Main and Forth Streets. This project is one of the
final phases of the Public Safety Facility project.
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Discussion
Since 1995, the City has budgeted a total of $2,199,115 for the Olympic Drive Extension
project. This represents approximately 65% of total Proposition C Local Return funding
currently available to the City. In recent years, the City has been able to carry-forward
the funds necessary for the Olympic Drive Extension project by spending the older
funds on other approved projects. However, to more effectively manage the City?s
Proposition C funds, staff recommends the establishment of a Capital Reserve Account
that enables the City to set aside the funds necessary to complete construction of the
Olympic Drive Extension without impacting other Proposition C Local Return funding
expenditure deadlines. Entering into the MOU will enable the City to more effectively
manage it?s Proposition C Local Return funding and allow the option of budgeting this
source of funds for other multi-year projects.
Budget/Financial Impact
There are no budget or financial impacts to execute this MOU.
Recommendation
Staff recommends that the City Council adopt the attached resolution authorizing the
City Manager or their designee to negotiate and execute a Memorandum Of
Understanding with Los Angeles County Metropolitan Transportation Authority to
establish a Capital Reserve account for the Olympic Drive Extension Project.
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Prepared by: Craig Perkins, Director of Environmental and Public Works Management
Anthony Antich, P.E., City Engineer
Dave Britton P.E., Senior Civil Engineer
Ruth Odell, Engineering Support Services Supervisor
Donald Patterson, Administrative Analyst
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Council Meeting: May 22, 2001 Santa Monica, California
RESOLUTION NO. ___________
(CITY COUNCIL SERIES)
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
MONICA AUTHORIZING THE CITY MANAGER OR HIS OR HER
DESIGNEE TO EXECUTE A MEMORANDUM OF UNDERSTANDING
WITH THE LOS ANGELES COUNTY METROPOLITAN
TRANSPORTATION AUTHORITY FOR THE ESTABLISHMENT OF A
CAPITAL RESERVE ACCOUNT FOR THE OLYMPIC DRIVE
EXTENSION PROJECT
WHEREAS, the Los Angeles County Metropolitan Transportation Authority ("MTA")
has approved the establishment of a Capital Reserve Account for the Olympic Drive
Extension Project; and
WHEREAS, the MTA conditions the use of said monies in accordance with their
policies,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES HEREBY RESOLVE:
SECTION 1. The City Council of the City of Santa Monica hereby authorizes the
City Manager or her designee to execute a Memorandum of Understanding with the
MTA to establish a Capital Reserve Account for the Olympic Drive Extension Project.
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SECTION 2. The City Engineer shall forward a certified copy of this Resolution to
the MTA for processing.
SECTION 3. The City Clerk shall certify the adoption of this Resolution, and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
_______________________
MARSHA JONES MOUTRIE
City Attorney
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