8G Consent Calendar 2018 0716 - Laserfiche WebLink

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File Number: 18-070 The Crossing Agreement with Union Pacific obligates the City to pay $589,460 for easements and rail improvements, subject to adjustment for actual costs once work is complete. This amount includes $56,000 for easements (or $25.62 per square foot) plus $533,460 in improvement costs. To fund the City’s obligation under the Crossing Agreement, the City will rely on funds deposited into an escrow account by SLTC where the Development Fee for Street Improvements (DFSI) for Phases 1 and 2 have been paid. The funds are governed by an Escrow Agreement between the City and SLTC dated February 9, 2017. The current escrow account balance is $1,336,932.50 not including accrued interest. In addition to paying Union Pacific for their costs, the escrow agreement will also be used to disburse fee credits for eligible street improvements performed by SLTC. The fee credit payment will be in conformance with San Leandro Municipal Code Section 7-11-125 which provides: “A credit may be given for street construction costs where street widening is required in excess of fourteen (14) feet. The credit shall be equal to the standard qualities and cost, as determined in the sole and absolute discretion of the City Engineer, to construct street improvements in excess of fourteen (14) feet.” Escrow account disbursements are expected as follows: Current escrow account balance (not including accrued interest):$1,336,932.50 Payment to Union Pacific per Crossing Agreement:<$589,460> Estimated disbursement to SLTC for fee credits:<$156,180> Escrow Account balance after disbursements:$591,292.50 SLTC is also obligated by the Development Agreement to upgrade the Davis Street rail crossing of the Niles Subdivision. These upgrades will be subject to a future agreement with Union Pacific with an estimated cost of $450,000. Since the balance remaining in the escrow account exceeds this estimated cost, the City’s obligations to Union Pacific will be met. Budget Authority No City funds will be expended to pay for rail crossing improvements governed by the Crossing Agreement with Union Pacific. Instead, funds will be disbursed from an account governed by the Escrow Agreement between the City and SLTC. ATTACHMENT Attachment to Staff Report ·California Public Utilities Commission General Order 88-B Request for Authority to Alter the Alvarado Street At-Grade Highway-Rail Crossing, CPUC No. 001D-14.99 and DOT No. 912075T in the City of San Leandro, Alameda County dated September 26, 2017. Attachment to Related Legislative Files ·Public Highway and Pedestrian At-Grade Crossing Agreement with Union Pacific Page 4 City of San Leandro Printed on 7/10/2018