8. REQUEST TO INCREASE REVENUE BUDGET AND APPROPRIATION BASED ON THE FOURTH AMENDMENT TO THE COOPERATIVE AGREEMENT WITH THE NAVY AS RELATED TO THE NORTH HANGAR FIRE INCIDENT The City entered into a fourth amendment to the Cooperative Agreement with the U.S. Department of the Navy (Navy) to implement an emergency response related to the North Hangar Fire Incident. Staff is requesting the City Council's approval to increase revenue budget and related appropriation by $36,924,796.28 for a current not-to-exceed reimbursement total of $61 million from the Navy. The City estimates the remaining balance of the emergency response costs that the City is incurring on the Navy's behalf, currently at more than $18 million, will be addressed in subsequent Cooperative Agreement amendments. - City of Tustin, CA

Meeting: Regular Meeting of the City Council/Closed Session-5:30 pm/Regular Meeting-7:00 pm

Meeting Time: April 16, 2024 at 7:00pm PDT

Agenda Item

8. REQUEST TO INCREASE REVENUE BUDGET AND APPROPRIATION BASED ON THE FOURTH AMENDMENT TO THE COOPERATIVE AGREEMENT WITH THE NAVY AS RELATED TO THE NORTH HANGAR FIRE INCIDENT The City entered into a fourth amendment to the Cooperative Agreement with the U.S. Department of the Navy (Navy) to implement an emergency response related to the North Hangar Fire Incident. Staff is requesting the City Council's approval to increase revenue budget and related appropriation by $36,924,796.28 for a current not-to-exceed reimbursement total of $61 million from the Navy. The City estimates the remaining balance of the emergency response costs that the City is incurring on the Navy's behalf, currently at more than $18 million, will be addressed in subsequent Cooperative Agreement amendments.