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I CITY OF RIVERSIDE <br />People 1998 <br /> <br />HONORABLE MAYOR, CITY COUNCIL <br />AND AGENCY MEMBERS <br /> <br />DATE: April 6, 2004 <br />ITEM NO: 29 <br /> <br />SUBJECT: <br /> <br />CONSTRUCT PUBLIC IMPROVEMENTS IN CONNECTION WITH THE EXPANSION <br /> <br />OF INDIANA AUTO AND MALCOLM SMITH MOTORSPORTS - FUND TRANSFER - <br />CASA BLANCA PROJECT AREA <br /> <br />BACKGROUND: <br /> <br />At its joint meeting of February 3, 2004, the City Council and Redevelopment Agency Board approved the <br />funding and constructing of public improvements along the north side of Indiana Avenue in an amount <br />not-to-exceed $73,200 in connection with the expansion of Malcolm Smith Motorsports and Indiana Auto, <br />7563 and 7701 Indiana Avenue, respectively. The improvements will consist of curb, gutter, sidewalk, the <br />capping of utilities on the vacated streets, Cortez and Verde, and relocation of two fire hydrants (the <br />"Public Improvements"). <br /> <br />Public Works has completed the engineering design work for the Public Improvements and will soon bid <br />the project. <br /> <br />CURRENTISSUE: <br /> <br />Staff is requesting appropriation of funds in an amount not to exceed $73,200. Public Works' estimated <br />cost of the Public Improvements is in the amount of $36,000. The remaining appropriation of funds will <br />cover the additional costs associated with the project, such as the capping of utilities on the vacated <br />streets, Cortez and Verde, and the relocation of two fire hydrants. <br /> <br />In addition, pursuant to Health and Safety Code Section 33445, the City Council and Redevelopment <br />Agency are required to adopt resolutions making certain findings regarding the construction and <br />installation of the public improvements within the Casa Blanca Project Area prior to contract award. <br /> <br />FISCALIMPACT: <br /> <br />Sufficient funds are available in the Casa Blanca Redevelopment Project Area. <br /> <br />RECOMMENDATIONS: <br /> <br />That the Redevelopment Agency <br /> <br />Adopt the attached resolution adopting certain findings regarding the construction and installation <br />of Public Improvements along the north side of Indiana Avenue that are of benefit to the Casa <br />Blanca Project Area; and <br /> <br />Authorize the transfer of $73,200 from the Casa Blanca Madisc~n Street Improvements Project, <br />Phase II and III, Account Number 9740700-440446 to IndianalAvenue Improvements, Account <br />Number 9770100-440446. <br /> <br />29-1 <br /> <br /> <br />