Approve Amendment to C-3-2654
Orange County Transportation Authority for I-405 Improvement Project June 18, 2024
BACKGROUND
Initial work for the I-405 project started in 2001 – planning and programming OCTA awarded design-build project to OC405 Builders January 2017 OCTA entered into Cooperative Agreements with all of the local agencies along the project corridor in 2016 to facilitate tasks needed to complete the project and compensate agencies for expenses/efforts that expired in 2023 A new Cooperative Agreement was approved in September 2023
NEED/WHY/BENEFITS
The Cooperative Agreement outlines various efforts that each party will undertake or participate in to complete the project The agreement also includes financial reimbursement terms and amounts for various City efforts needed to complete the project Current agreement expires June 30, 2024
Amendment to current agreement needed to extend duration to December 31, 2024
DETAILS
The City has already received more than $682,737 for pavement mitigation costs – pavement life impacts due to freeway detours onto local streets The City has received more than $215,000 for other direct staff expenses/efforts related to the project Current agreement authorizes a maximum reimbursement amount for additional expenses of $200,000 through the completion of the project
RECOMMENDATION
Approve the amendment to Cooperative Agreement C-3-2654 with OCTA and authorize the Interim City Manager to execute the agreement
Questions?