Memorandum
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This memorandum discusses an amendment to the Cooperative Agreement with the Santa Clara Valley Transportation Authority (VTA) for the I-880/Montague Expressway Interchange and McCarthy/O’Toole Intersection Improvement Projects. The amendment seeks to authorize the City Manager to negotiate and execute the First Amendment to initiate preliminary engineering and obtain environmental clearance for the project, increasing the total funding from $2,000,000 to $9,500,000 and extending the agreement term to December 31, 2027. The project aims to improve traffic circulation, bicycle and pedestrian connectivity, and transit access in the area.
Key points
- The amendment provides additional funding and time for VTA to manage the next phase of the project.
- The project is located in northern San José and involves reconfiguring the I-880/Montague Expressway interchange.
- The amendment increases the total funding from $2,000,000 to $9,500,000.
- The agreement will be extended to December 31, 2027.
- The project aims to enhance access for various modes of transportation and improve safety.
Limitations
- The text does not specify the exact dates for the approval process or the anticipated completion of the project.
- There are unresolved placeholders in the budget reference section.
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