Ordinance No. 20055 - Laserfiche WebLink

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im rovement funds shall be used for street improvements which in some manner benefit tiransit. P S.S.1,Z In the event LTD does not construct the Station, LTD further agrees to undertake an extensive renovation of the 10th Avenue bus area which would include new pavement, improved sidewalk treatment, new shelters, additional passenger amenities and improved lighting along the entire tburee ~3} block length of the Corridor. Such improvements shall be made in compliance with all federal, state and local Laws and regulations. 5.5,Z The Project Completion Date is defined as the date upon which the Garage Project architect of record issues a Certifncate of Completion and Agency indicates its acceptance- of the improvements, subject to the provisions of the construction and acquisition agreements between Agency and Charles Pankow Binders, Ltd. ~"Garage Project Contracts{'}. 5.5.3 The property described in Paragraph 1 is presently being utilized for parking. LTD has applied for and received conditional approval for funds under Grant No. OR- 03-0045 to be utilized for structured functional replacement parking. LTD is required, in order to obtain Chase funds, to enter into an intergovernmental agreement with the City of Eugene for the functional replacement parking portion of the project. 5.5.3.1 LTD acknowledges that City has been negotiating with Pankow Construction for a Garage Project and that LTD has signed off on the FTA required items to be included in the Parking Mitigation Sales-Purchase Agreement by way of a letter from Jerry Gill to Jeanette Bailor dated January 9, 1996 signed by both. City further acknowledges that LTD's requirements for the utilization of the funds to be paid hereunder is that those funds be dedicated to replacement parking within two blocks of the Station site, with it a ZO-year use requirement. for 1?6 public parking spaces, and utilizing FTA regula~ons set forth in the Bailor sign~off referenced above. 5.5.4 Agency and City acknowledge that the project funds provided by LTD to A enc and Ci are derived from an FTA grant referenced above, entered into between FTA g Y tY and LTD, which provides that the Federal Government retains a continuing interest in the structures, a ui ment and other facilities acquired ar constructed through use . of such federal qp funds. Agency and City fi~rther acknowledge the continuing control provisions, as such provisions are included within 49 USC § 16o2~a}~Z}~A}~u}, and within the grant agreement . between FTA and LTD . The City agrees to cooperate with LTD's Purchasing Agent's reasonable monitoring of the performance of City's construction contractor, at least to the extent such monitorin is conducted to reassure LTD of federal standards compliance for this project, g including those regarding sources of materials and payment of prevailing wages. The City agrees, by the execution hereof, that no more than one hundred seventy-six ~1?6} func~onal replacement parking spaces shall be reimbursed from FTA project resources and. that no additional betterments are eligible, and that such space shoo remain, available for public parking. for the Life of the project. ~ . . ~ : ~ ~ ~~ ~ 5.5.4.1 City further cvvena~ats and. agrees,. to be~.eligiblet for the funda:~set:. forth in Paragraph 5.5.3 , that ~a} Agency and City agree to take no action which would interfere with the use of this structure as a parking facility for the life of the project, a period of twenty ZQ ears • and ETA's interest in the parking stnucture may not. be assigned or transferred C ~ y ~~ Page 4 - nNTERG~VERNMENTAL AGREEMENT