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File #: 23-12401    Version: 1 Name:
Type: Consent Calendar Status: Agenda Ready
File created: 6/7/2023 In control: City Council
On agenda: 7/18/2023 Final action: 7/18/2023
Title: Subject: Cost sharing agreement between the City of Cupertino and the Midpeninsula Regional Open Space District for the Cristo Rey Bike Lanes Project
Attachments: 1. Staff Report, 2. A - Draft Agreement, 3. B - Draft Resolution

Title

Subject:  Cost sharing agreement between the City of Cupertino and the Midpeninsula Regional Open Space District for the Cristo Rey Bike Lanes Project

 

Recommended Action

1. Authorize the City Manager to negotiate and execute a cost sharing agreement between the City of Cupertino and the Midpeninsula Regional Open Space District for the Cristo Rey Bike Lanes Project; and

2. Adopt Resolution No. 23-092 approving budget modification #2324-295, increasing appropriations in the Capital Improvement Program Capital Projects Fund (420-99-036) by $30,000 and Capital Reserve (429-90-001) by $30,000, transferring $15,000 funds from the Capital Reserve to Capital Improvement Program Capital Projects Fund (420-99-036) and increasing estimated revenues by $15,000