RES 87451 - Laserfiche WebLink

-2- 4. The City(s) shall notify the County annually of the amount of funds secured from the State under the aforementioned Section 2107 as such data is required for calculation of the "Formula". Such notice should be sent to: Director of Public Works 399 Elmhurst Hayward, CA 94544 5. The distributions identified for San Leandro, Dublin and Livermore will be retained by the County as shown on Exhibit A items 2{c) and 2(d). The County shall' allocate the net funds available for distribution among the City(s) according to the distribution formula set forth in Exhibit A item 3(a), i.e., $10,000 base for each City with the balanceof the funds distributed 50% on the basis of road/street mileage as contained in the most recent CALTRANS Assembly of Statistical Reports and 50% on the basis of population as certified to and used by the State Department of Finance in determininq its basis for subventions for the Fiscal Year in question. The County shall send a copy of its calculation to each City at the time of distribution. 6. Such distribution to the City{s) will be made after the County Auditor-Controller has closed the books for the fiscal year for which the distribution is to be made, but in no event more than 60 days after either a) the end of the applicable fiscal year or b) all City(s) have notified the County of the amounts received by the City(s) under the aforementioned Section 2107; whichever is later. The County's first payment to the City{s) would thus be made no later than Auqust 29, 1988, assuminq all City(s} have notified the County of their respective Section 2107 receipts. 7. The City{s) aqree to assist the County in seekinq means to mitigate the cost of operatinq and maintaining the Oakland/Alameda estuary crossings, the costs of which are currently borne entirely by the County. 8. In the event that the efforts of the City(s) and County pursuant to paraqraph 7 above are not successful in substantially reducing or eliminating the cost to the County to operate and maintain the aforementioned estuary crossings, then the parties to this Agreement shall commence negotiations during the fifth year of this Agreement as to the continuation of this Agreement after June 30,1992. Such negotiations shall take into consideration relative needs for funding roads and streets as well as estuary crossing costs. Should the cost to the County of estuary bridge maintenance be significantly reduced or eliminated during the period covered by this Aqreement, such reduction shall be taken into consideration in any re-negotiation of this Agreement.