REQUEST FOR CITY COUNCIL ACTION
DATE: 11/03/2021
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
Appropriation of funding from various revenue sources to the McKinley Street Grade Separation Project.
End
EXECUTIVE SUMMARY:
City staff is currently reviewing bids for the McKinley Grade Separation Project. The apparent lowest and second low bid is approximately 10% greater than the engineer's estimate. Budgeted funds are insufficient to cover the cost increase in right of way, contingencies, and construction bid. The City has reached out to the Riverside County Transportation Commission (RCTC) to request additional funding to help with the project costs. RCTC will consider the request to the Commissioners to cover the cost difference but is requiring the City to come up with a local match. City staff has identified $5,000,000 in various unallocated fund balances that can be allocated to the project and included in the funding request.
RECOMMENDED ACTION:
Recommended action
That the City Council authorize an appropriation totaling $5,000,000 from various fund balances as outlined in this report to the McKinley Grade Separation Project.
BBACKGROUND & HISTORY:
In 2006, the City of Corona and the Riverside County Transportation Commission (RCTC) worked collaboratively to successfully place the McKinley Street / BNSF Railroad Grade Separation Project in the top priority tier of at-grade railroad crossings in Riverside County. Projects placed in the top priority tier typically involve railroad crossings characterized by high train and vehicular traffic volumes, extensive vehicle delay and emissions, and have seen one or more traffic incidents in recent years.
In March 2017, Senate Bill 132 (SB 132) funded the construction of the Riverside County Transportation Efficiency Corridor. The bill provided funding for the McKinley Grade Separation as one out of five critical projects in Riverside County. W...
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