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TransferAny Savings from Right of Way <br />Phase of Bristol Street —Warner to St. <br />Andrew <br />Right-of-way phase nearly complete <br />All programmed funds for ROW <br />phase have been expended, and <br />there is currently a shortfall <br />Re -Scoping Bristol —Warner to St. Andrew - <br />Project to Include Signal <br />- Reducing Segment or Eliminating Project <br />elements not feasible <br />Project scheduled to begin 2019 <br />Any potential contingency savings would not be <br />available until 2020. <br />Project is currently underfunded ($5.1 Million) <br />Current cost estimate is $32.9 Million <br />• Current available funds $27.8 Million <br />• Staff pursuing grants and property sales to fill <br />funding gap <br />Local Gas Tax Proceeds from Sale of <br />Remnant Properties <br />Property Sales Pending Property Disposition Policy <br />Proceeds to be used on Bristol Street <br />Fill project funding gaps <br />Utility undergrounding <br />However, City could designate $482,000 for traffic signal <br />California Senate Bill 1 Funding <br />Annual Revenue Estimated to be $5.8 million- subject to <br />repeal <br />Fiscal Year 2018-2019: <br />Funds are programmed and list of projects have been <br />submitted to California Transportation Commission <br />Fiscal Year 2019-2020 and 2020-2021: <br />• Funds are planned for roadway repair <br />• Delay of roadway rehab would increase cost <br />• Council could defer other projects and recommend $732,000 <br />for: <br />• $482,000 -Traffic Signal <br />• $250,000 - St. Andrew Road Repair <br />