REPORT TO COUNCIL
SUBJECT
Title
Action on a Multimodal Improvement Plan Funding Agreement with Related Santa Clara, LLC for the Related Santa Clara Project and Related Budget Amendment
Report
EXECUTIVE SUMMARY
As a follow up item to the City Council's September 18, 2018 approval of the Multimodal Improvement Plan (MIP) for the Related Santa Clara Development, the attached MIP Funding Agreement is recommended for approval by the City Council. The MIP Funding Agreement has been prepared in coordination with the developer, Related Santa Clara, LLC and includes provisions that will allow for advance funding to the City, as a majority of the MIP improvements will be completed as City projects.
BACKGROUND
On September 18, 2018, the City Council adopted the Multimodal Improvement Plan for the Related Santa Clara Development (previously known as the CityPlace Development). The MIP was prepared to address projected transportation impacts to certain Santa Clara County Congestion Management Program (CMP) facilities in Santa Clara resulting from the City's approval of the Related Santa Clara Development (Project) and associated Environmental Impact Report in June 2016. As the CMP administrator for Santa Clara County, the Santa Clara Valley Transportation Authority (VTA) approved the MIP on November 1, 2018.
Specifically, seven CMP intersections (listed below) are projected to be impacted with the build out of the Project (Attachment 1, Location Map):
* Great America Parkway and Tasman Drive (City)
* Great America Parkway and Mission College Boulevard (City)
* Agnew Road/De La Cruz Boulevard and Montague Expressway (City/County)
* Scott Boulevard and Central Expressway (City/County)
* De La Cruz Boulevard and Central Expressway (City/County)
* San Tomas Expressway and Monroe Street (City/County)
* Lafayette Street and El Camino Real (City/Caltrans)
As the Project's impacts on these intersections cannot be fully mitigated, the City prepared and adopted the MIP (al...
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