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1989-048-Approving The cost Sharing Agreement Between The Town And The County Of Santa Clara For The Study Of State Route 17 At Lexington Reservoir Interchange And Frontage RoadRESOLUTION NO. 1989 -48 RESOLUTION OF THE TOWN OF LOS GATOS APPROVING THE COST SHARING AGREEMENT BETWEEN THE TOWN AND THE COUNTY OF SANTA CLARA FOR THE STUDY OF STATE ROUTE 17 AT LEXINGTON RESERVOIR INTERCHANGE AND FRONTAGE ROAD RESOLVED, by the Town Council of the Town of Los Gatos, County of Santa Clara, State of California, that the TOWN OF LOS GATOS enter into an agreement entitled, "Cost Sharing Agreement to Provide Local Funds to the State of California Department of Transportation for the State Route 17 at Lexington Reservoir Interchange and Frontage Road Project ", with the County of Santa Clara, a copy of which is attached hereto. FURTHER RESOLVED, that the Mayor is authorized, and hereby directed to execute said Agreement in the name and in behalf of the TOWN OF LOS GATOS. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 3rd day of April, 1989 by the following vote: AYES: COUNCIL MEMBERS Ventura, Hamilton, Ferrito NOES: COUNCIL MEMBERS ABSTAIN: COUNCIL MEMBERS ABSENT: COUNCIL MEMBERS Benjamin, Carlson SIGNED: L,MAYOR OF THE TOWN OF LO GATOS ATTEST: r < � y CLERK OF THE TOWN OF LOS OATOS to / X COST SHARING AGREEMENT TO PROVIDE LOCAL FUNDS TO THE STATE OF CALIFORNIA DEPARTMENT OF TRANSPORTATION FOR THE STATE ROUTE 17 AT LEXINGTON RESERVOIR INTERCHANGE AND FRONTAGE ROAD PROJECT THIS AGREEMENT is made by the TOWN OF LOS GA'TOS, a municipal corporation whose address is 110 East Main Street, Los Gatos, California, 95030, hereinafter referred to as, "TOWN" and the COUNTY OF SANTA CLARA, STATE OF CALIFORNIA, hereinafter referred to as, "COUNTY ". RECITALS A. The COUNTY, on June 24, 1936, passed and adopted a Resolution of the Board of Supervisors requesting and consenting to funding assurance by COUNTY to provide local funds to the State of California, Department of Transportation, hereinafter referred to as "STATE" for the State Route 17 at Lexington Reservoir Interchange Special Study. B. The Resolution stated the COUNTY would contribute up to the maximum amount of $100,000 (One Hundred Thousand Dollars), or a like amount of contract services, or a combination thereof, toward the study cost. C. The Resolution further stated that COUNTY'S contribution would be pooled from the following public and private sources: $50,000 (Fifty Thousand Dollars) from the County of Santa Clara Transportation Agency. $30,000 ('Thirty Thousand Dollars) from the County of Santa Clara Parks and recreation Department $10,000 (Ten Thousand Dollars) from the Town of Los Gatos. $10,000 (Ten Thousand Dollars) from a public contribution. D. The COUNTY and STATE on October 21, 1936, entered into an Agreement (STATE Document No. SC1 -43 -5875) which provides for STATE to be the Lead Agency and for COUNTY to contribute the sum of $100,000, or a like amount of contract services or a combination thereof, toward the Study Cost. NOW THEREFORE, in consideration of the recitals and mutual promises contained herein, TOWN and COUNTY agree as follows: 1. COMPLETION OF STUDY. COUNTY agrees to complete the STUDY under the direction of the STATE. J i2. 2. CONTRIBUTION OF LOCAL FUNDS TO STATE. County agrees to contribute or a like amount of contract services, or a combination thereof toward the Study Costs. 3. CONTRIBUTION OF TOWN FUNDS TO COUNTY. TOWN agrees to contribute to COUNTY funding pool the amount of $10,000.00 as listed in the June 24, 1986 Resolution. Payment shall be due within 60 days from execution of this agreement. NOTICES. All notices or other communications to either party by the other shall be deemed given when made in writing and delivered to: COUNTY Mr. James Reading, Director Santa Clara County Transportation Agency 1555 Berger Drive, Building 2, Room 207 San Jose, CA 95112 TOWN Ms. Christine L. Fischer Acting Town Engineer Town of Los Gatos 110 East Main Street Los Gatos, CA 95030 IN WITNESS WHEREOF, COUNTY and TOWN have caused their names to be subscribed hereto by their duly authorized respresentatives , 1989. TOWN OF LOS GATOS la r COUNTY OF SANTA CLARA By Rod Diridon, Chairperson Board of Supervisors Attest: By Clerk, Board of Supervisors A�ppr9ved as to Form and Legality: Deputy County Counsel D tare