Metro - File #: 2021-0014

• File #: 2021-0014
• Type: Agreement
• Status: Passed
• File created: 2/1/2021
• In control: Board of Directors - Regular Board Meeting
• On agenda: 3/25/2021
• Final action: 3/25/2021
• Title: AUTHORIZE the Chief Executive Officer (CEO) to negotiate and execute an amendment to a Memorandum of Understanding (MOU) dated March 7, 2018 with the City of Los Angeles for the Taylor Yard Bridge with a not-to-exceed amount of $25,450,000, an increase of $3,750,000 over the previously authorized amount of $21,700,000.
• Sponsors: Construction Committee
• Indexes: Audit, Bikeways, Bridge construction, Budget, Budgeting, Central Los Angeles subregion, City of Los Angeles, Construction, Contracts, Los Angeles River, Memorandum Of Understanding, Pedestrians, Procurement, Program management, Project, San Fernando Valley subregion, South Bay Cities subregion, Strategic planning, Taylor Yard Bridge (Project), Westside Cities subregion
• Related files: 2021-0234

Date	Action By	Action	Result
3/25/2021	Board of Directors - Regular Board Meeting
3/18/2021	Executive Management Committee

Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
MARCH 18, 2021

Subject
SUBJECT: AMEND TAYLOR YARD BRIDGE CONSTRUCTION FUNDING AGREEMENT

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title

AUTHORIZE the Chief Executive Officer (CEO) to negotiate and execute an amendment to a Memorandum of Understanding (MOU) dated March 7, 2018 with the City of Los Angeles for the Taylor Yard Bridge with a not-to-exceed amount of $25,450,000, an increase of $3,750,000 over the previously authorized amount of $21,700,000.

Issue
ISSUE

In a 1992 settlement agreement pertaining to the development of the Taylor Yard Commuter Rail Facility (1992 Settlement), the former Los Angeles County Transportation Commission (LACTC), a predecessor agency to Metro, agreed to design, finance, and construct a pedestrian access system linking the communities to the east and west of Taylor Yard over the Los Angeles River.

In January 2012, the Metro Board approved the award of funds to the City of Los Angeles (City) for the design of the Taylor Yard Bicycle/Pedestrian Bridge over Los Angeles River (Bridge). The 2012 Board Report is included as Attachment A. Accordingly, Metro provided the funds for the design of the Bridge.

In July 2017, the Metro Board authorized the Chief Executive Officer (CEO) to negotiate and execute a Construction Funding Agreement with the City of Los Angeles for Taylor Yard Bridge with a not-to-exceed amount of $21,700,000. The Board Report stated that execution of the Construction Funding Agreement and completion of the Bridge by the City would fulfill Metro's commitment as part of the 1992 Settlement. Metro proceeded to execute a Memorandum of Understanding dated March 7, 2018 with the City of Los Angeles for the construction of the Taylor Yard Bikeway/Pedestrian Bridge Over Los Angeles River.

The City is forecasting it will exceed its $21,700,000 budget and has asked for an amendment to the funding authorization in the MOU so that the not-to-ex...