FTIP# LAF5301 CFP#F5301
AMENDMENT NO. 4
Funding Agreement No. 920000000F5301
Rev.: 03.08.2023 FA Local Amendment Lapsing Date
Extension
1 AMENDMENT No. 4 TO FUNDING AGREEMENT
BETWEEN CITY OF REDONDO BEACH AND
THE LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY This Amendment No. 4 to Funding Agreement (this "Amendment"), is dated as of January 2, 2024, by and between the City of Redondo Beach ("GRANTEE"), and the Los Angeles County Metropolitan Transportation Authority ("LACMTA").
RECITALS:
A. GRANTEE and LACMTA entered into that certain Funding Agreement No. 920000000F5301, dated December 30, 2016, which was amended on August 15, 2019, October 1, 2021, and February 1, 2023 (as amended, the "Existing FA"), which Existing FA provides for the Grant Avenue Signal Improvements (the “Project”); and B. Whereas, LACMTA Board on September 28, 2023, desires to extend the lapsing date of the Project to February 29, 2024; and
C. GRANTEE and LACMTA desire to amend the Existing FA as provided herein.
FTIP# LAF5301 CFP#F5301
AMENDMENT NO. 4
Funding Agreement No. 920000000F5301
Rev.: 03.08.2023 FA Local Amendment Lapsing Date
Extension
2 AGREEMENT:
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereby agree as follows:
1. Part II, Paragraph 8.1 (iv) of the Existing FA is hereby amended by deleting it in its entirety and replacing it with the following: “expending the Funds granted under this FA for allowable costs by the lapsing date. All funds programmed for FY 2016-17 are subject to lapse on February 29, 2024.”
2. Attachment B – Scope of Work, attached to the Existing FA is hereby amended by deleting the Project Schedule and replacing it with the following Revised Project Schedule.
FA Milestones
Revised Schedule in
Amendment 3
Revised Project Schedule
Start Date End Date Start Date End Date
Operational Plan July 2017
September
2017 July 2017
September
2017
Environmental
Documentation October 2017 December 2017 October 2017 December 2017 Design Engineering July 2019 February 2021 July 2019 February 2021 Plans, Specifications, and
Estimates March 2021 October 2022 March 2021 October 2022 Advertise for Construction October 2022 November 2022 October 2022 November 2022 Construction December 2022 February 2023 June 2023 February 2024 Project Completion February 2023 February 2023 February 2024 February 2024 Total Project Duration
(Months)
67 79
3. Except as expressly amended hereby, the Existing FA remains in full force and effect as originally executed. All rights and obligations of the parties under the Existing FA that are not expressly amended by this Amendment shall remain unchanged.
FTIP# LAF5301 CFP#F5301
AMENDMENT NO. 4
Funding Agreement No. 920000000F5301
Rev.: 03.08.2023 FA Local Amendment Lapsing Date
Extension
3 IN WITNESS WHEREOF, the parties have caused this Amendment No. 4 to be duly executed and delivered as of the above date.
LOS ANGELES COUNTY
METROPOLITAN TRANSPORTATION AUTHORITY
By: _________________________________ Date: ____________________ Stephanie N. Wiggins
Chief Executive Officer
APPROVED AS TO FORM:
DAWYN R. HARRISON
County Counsel
By: _________________________________ Date: ____________________ Deputy
CITY OF REDONDO BEACH
By: _________________________________ Date: ____________________ James A. Light
City Mayor
APPROVED AS TO FORM:
By: __________________________________ Date: ____________________ Michael Webb
City Attorney
By: __________________________________ Date: ____________________ Eleanor Manzano
City Clerk