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Appropriation Adjustment & Amendment to Fiscal Year 2018/19 CIP October 2, 2018 Page 2 PROJECT PHASE GRANT-$ FY Warner Avenue Improvements Phase 1: Main Street to Oak Street Construction $4,629,750 18/19 Warner Avenue Improvements Phase 2: Oak Street to Standard Right -of -Way $7,494,000 18/19 Avenue Warner Avenue Improvements Phase 2: Standard Avenue to Right -of -Way $3,066,000 18/19 Grand Avenue TOTAL GRANT FUNDING: $15,189,750 Approving this Council Action will make these grant funds available for the continued progress of the Warner Avenue Improvements project. CDBG Projects In the FY 2018/19 approved budget, $1,842,455 was budgeted for Community Development Block Grant Projects (Account No. 13518783-66220). This budget included $921,228 for the Residential Street Repair Program. However, the FY 2018/19 CIP only recognized $748,784 in CDBG funding. Approval of this Council Action will amend the FY 2018/19 CIP to include the remaining $172,444 in CDBG funds allocated for the Residential Street Repair Program. STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal #6 - Community Facilities & Infrastructure, Objective #1 (Establish and Maintain a Community Investment Plan for All City Assets), Strategy G (Develop and Implement the City's Capital Improvement Program in Coordination with the Community Investment and Deferred Maintenance Plans). ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT Approval of the requested Appropriation Adjustment will recognize $15,189,750 in Measure M2 Competitive ACE grant funds into the Measure M -Street Construction Fund revenue account (No. 03217002-52332) and appropriate the same into the Measure M2 Competitive Street Construction Fund expenditure account (No. 03217663-66220). 20B-2