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File #: 2017-0344   
Type: Agreement Status: Passed
File created: 5/15/2017 In control: Planning and Programming Committee
On agenda: 7/19/2017 Final action: 7/27/2017
Title: AUTHORIZE the Chief Executive Officer (CEO) to negotiate and execute a Construction Funding Agreement with the City of Los Angeles for the Taylor Yard Bridge with a not-to-exceed amount of $21,700,000.
Sponsors: Planning and Programming Committee
Indexes: Agreement, Bids, Bridge construction, City of Los Angeles, Construction, Grant Aid, Los Angeles River
Attachments: 1. Attachment A - Design Funding Board Report.pdf, 2. Attachment B - Site Plan and Rendering.pdf, 3. Attachment C - Project Scheudle.pdf, 4. Attachment D - Project Budget.pdf
Meeting_Body
PLANNING AND PROGRAMMING COMMITTEE
JULY 19, 2017

Subject
SUBJECT: TAYLOR YARD BRIDGE CONSTRUCTION
FUNDING AGREEMENT

Action
ACTION: AUTHORIZE EXECUTION OF TAYLOR YARD BRIDGE CONSTRUCTION FUNDING AGREEMENT WITH THE CITY OF LOS ANGELES

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer (CEO) to negotiate and execute a Construction Funding Agreement with the City of Los Angeles for the Taylor Yard Bridge with a not-to-exceed 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 has provided the funds for the design of the Bridge, the City has completed 50% design, and the City will complete design from the remaining balance of the design grant and City funds by the end of this calendar year. A site plan and rendering are included in Attachment B.

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.

The Bridge will be funded by Metro, subject to terms in the Construction Funding Agreement, programmed over three years, starting Fiscal Year (FY) 2019. The City will construct, own, operate, and maintain the Bridge. The preliminary budget and schedule for the construction of the Bridge are included as Attachments C and D.

Discussion
DISCUSSION

Background
Following the 1992 Settlement, the parties agreed that the City...

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