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CC Resolution No. 05-022 RESOLUTION NO. 05-022 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO APPROVING AN APPLICATION FOR ADDITIONAL FUNDING FROM THE SANTA CLARA VALLEY TRANSPORTATION AUTHORITY IN THE AMOUNT OF $1,560,000 FOR THE MARY AVENUE BICYCLE FOOTBRIDGE PROJECT; APPROVAL OF A COMMITMENT FOR $75,000 IN ADDITIONAL LOCAL MATCHING FUNDS FOR A TOTAL FUNDED PROJECT BUDGET OF $8,750,000; AND AUTHORIZATION TO SEEK ADDITIONAL FUNDING SOURCES IN AN AMOUNT UP TO $500,000 AS AN ADDITIONAL COST ESCALATION CONTINGENCY, FOR A TOTAL PROJECTED BUDGET OF $9,250,000 WHEREAS, the Mary Avenue Bicycle Footbridge Project consists of the design and construction of a bicycle footbridge on Mary A venue over Interstate Route 280 in the City of Cupertino, including gateways, paths, residential buffering elements, and landscaping; and WHEREAS, the Santa Clara Valley Transportation Authority (VTA) has made the project the number one project in its Measure B Bicycle Expenditure Program as it represents the final link in a major regional bicycle corridor; and WHEREAS, on December 3, 2001, the City Council approved a feasibility study, completed and approved by the Council by the Council recommended that extensive landscaping and shielding measures be implemented on the bridge approaches to address privacy and security concerns raised by the community. The study also demonstrated that a cable-suspended bridge would alleviate the need for supports in the middle of the freeway by allowing a longer continuous span than would be the case for a more conventional bridge. Also, with this type of design, the deck of the bridge can be shallower, allowing the profile of the bridge roadway to be comparatively lower, making it easier to construct accessible slopes on the approaches; and WHEREAS, the feasibility study proposed a project that calls for a unique bridge with approaches from north and south that will be extensively landscaped with undulating paths with neighborhood privacy and security features being an integral portion of the design. The project will present a signature bridge connecting attractive pathways that will encourage and serve as a regional symbol of safe bicycle and pedestrian travel; and WHEREAS, with the completion of the thirty-five percent plans, specifications and estimate for the project, the cost has increased significantly. This cost impact has been primarily due to (a) recent substantial increases in the base prices for concrete and steel construction materials, (b) price escalation for concrete and steel as a result of rapidly growing worldwide demand for the materials, and (c) and increase in the required depth of foundation piles indicated by the project geotechnical investigation. As a result, the current estimated cost of construction is approximately $6,000,000, including contingencies. Further, a construction and project contingency has been established in the amount of $750,000 as a prudent measure to ensure that the project can be completed within the budget established at this time. The total project estimate of costs is now $8,750,000. Since the project funding is currently $7,115,000, there is a need for additional funding in the amount of $1,635,000. The additional need is proposed to be funded by $1,560,000 in additional Santa Clara Valley Transportation Authority Bicycle Funds and $75,000 in additional City of Cupertino Capital Improvement Program funds; and WHEREAS, In addition to the above considerations, Staff is proposing to establish an additional contingency in the amount of $500,000 over and above the current estimate of $8,750,000, because of the volatile nature of material cost swings, particularly steel and concrete, which account for 90% of the construction of this bridge. Staff, with Council approval, will continue to seek outside sources of funding in an amount up to $500,000 to add to the currently proposed budget of $8,750,000. NOW, THEREFORE, BE IT RESOLVED THAT the City Council hereby approves of the conceptual design of a cable-stayed structure for the Mary A venue Bicycle Footbridge, approves an application for additional funding from the Santa Clara Valley Transportation Authority in the amount of $1,560,000 for the Mary Avenue Bicycle Footbridge project, approves a commitment for $75,000 in additional local matching funds for a total funded project budget of $8,750,000, and authorizes Staff to seek additional funding sources in an amount up to $500,000 as an additional cost escalation contingency, for a total projected budget of $9,250,000. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 1st day of February 2005, by the following vote: Vote Members of the Citv Council AYES: NOES: ABSENT: ABSTAIN: Kwok, Lowenthal, Sandoval, Wang, James None None None c~ cht/ WrNth Mayor, City of Cupertino ATTEST: