Contracts & Agreements_217-2021 - Laserfiche WebLink

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COOPERATIVE FUNDING AGREEMENT BETWEEN CITY OF REDLANDS AND CITY OF YUCAIPA FOR THE FLORIDA STREET, 16TH, AND 18TH STREET PAVEMENT RESURFACING PROJECT This Cooperative Funding Agreement ("Agreement") for the city of Redlands' Florida Street, 16t1' Street, and 1.8t1' Street Pavement Resurfacing Project ("Project") is entered into this 7tl' day of December, 2021 ("Effective, Date"), by and between the City of Redlands, a general law city and municipal corporation organized and operating under the laws of the State of California ("Redlands"), and the City of Yucaipa, a. general law city and municipal corporation organized and operating under the laws of the State of California ("Yucaipa") Redlands and Yucaipa are sometimes individually to herein as a. "Party" and, together, as the "Parties " RECITALS WHEREAS, the Project is in a portion of Redlands' jurisdiction and in a portion of Yucaipa's jurisdiction, and will be of mutual benefit to Redlands and Yucaipa, and WHEREAS, the description and location. of the Project are described in Exhibits "A" and "B," respectfully, which are attached hereto and incorporated herein by this reference; and WHEREAS, Streets and Highways Code section 1807 authorizes Redlands to contract with Yucaipa, and Yucaipa to contract with Redlands for the maintenance, construction, and repair of their respective streets and roads, if the respective City Councils determine that the same is necessary for the more efficient maintenance, construction, or repair of its streets and roads, and WHEREAS, it is anticipated that Redlands' share of Project costs will be financed through its local fund and Yucaipa's share of Project costs will be from Yucaipa's local fund, and WHEREAS, the total Project cost is estimated to be nine million two hundred thirty five thousand seven hundred eighty dollars ($9,235,780), and WHEREAS, Redlands' share of the Project cost is estimated at nine million one hundred seventy seven thousand four hundred ninety dollars ($9, 177,490) and Yucaipa's share of the Project cost is estimated to be fifty eight thousand two hundred ninety dollars ($58,290), as more particularly set forth in Exhibit "C," which is attached hereto and incorporated herein by this reference, and WHEREAS, the above -described costs are proportioned based on the work to be performed in each Party's jurisdiction, NOW THEREFORE, in consideration of the above recitals and the mutual covenants hereinafter contained, the Parties agree as follows 1 •\ea\djm\Agreements \City or Yucaipa Cooperative Funding Agreement. FY2I-0019 Revisecl.doex,jn