Resolution to Amend the FY 2023-24 Capital Improvement Program (CIP) Budget by Accepting STP-L Grant Funds, Increasing Revenue Estimates, and Appropriating $450,000 of Federal Grant Funds and $68,716 of Reimbursement Funds from the Approved Agreement With the City of La Verne, CA, as Well as Update the Project Description for “Street Preservation - Citywide (FY 16-17) (MAJOR),” Project No. 428-2590-XXXXX-67920 It is recommended that the City Council approve the following actions: 1) Adopt the following resolution: RESOLUTION NO. 2024-70 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POMONA, CALIFORNIA, AMENDING THE FY 2023-24 CAPITAL IMPROVEMENT PROGRAM (CIP) BUDGET BY ACCEPTING STP-L GRANT FUNDS AND REIMBURSEMENT FUNDS, INCREASING REVENUE ESTIMATES, AND APPROPRIATING $450,000 OF FEDERAL STP-L GRANT FUNDS AND $68,716 OF REIMBURSEMENT FUNDS FROM THE CITY OF LA VERNE, CALIFORNIA, AND UPDATE THE PROJECT DESCRIPTION FOR “STREET PRESERVATION - CITYWIDE (FY 16-17) (MAJOR),” PROJECT NO. 428-2590-XXXXX-67920; 2) Approve an Agreement between the City of Pomona (City) and the City of La Verne, for the City to complete the slurry seal and signal conduit improvements on White Avenue from the North Pomona City limit to just south of the Arrow Highway intersection, which is located within the La Verne City limit; and 3) Award of a separate Purchase Order (PO) to American Asphalt South, Inc. for the portion of work on White Ave. within La Verne City limit; and 4) Approve an increase of contingency capacity from City standard of 25% to 70% for American Asphalt South, Inc.’s contract of $1,355,329, to allow for the use of additional STP-L Grant Funds, as well as additional work included in the Agreement with the City of La Verne; and 5) Authorize City Manager, or designee, to execute the Multi-City Agreement, purchase order, and other related documents (permits, etc.).

Consent Calendar Agenda Ready Introduced April 29, 2024

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