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Cooperative Agreements for Main Street and Garden Grove Boulevard <br />Traffic Signal Synchronization Projects <br />November 20, 2018 <br />Page 2 <br />agreement is needed to identify the roles and responsibilities of each participating agency, <br />including OCTA oversight to maintain inter -jurisdictional synchronization on the project during the <br />three-year grant period. Therefore, a cooperative agreement for each project approved by each of <br />the corridor's participating agency city councils and the OCTA Board is required. Upon completion <br />of the grant period, responsibility for ongoing signal maintenance will revert to the respective local <br />agencies (Exhibits 3, 4). <br />The Measure M2 grant for the Main Street project is $3,899,185. The match by the participating <br />cities will provide $764,544. The City of Santa Ana's share of the matching funds is $336,090, of <br />which $295,194 is a cash amount and $40,896 is in-kind staff support. <br />The Measure M2 grant for the Garden Grove Boulevard project is $2,116,670. The match by the <br />participating cities will provide $529,168. The City of Santa Ana's share of the matching funds is a <br />$5,420 cash amount. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 - Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy B (equitably maintain existing streets and associated assets in a state of good <br />repair so they are clean, safe and aesthetically pleasing for all users). <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Funds for the City's share of the project cost are budgeted and available in the Measure M2 Street <br />Construction Fund (Account No. 03217662-66220; Project No. 19-6949 and Project No. 19-6950) <br />for expenditure in the fiscal years identified in the following estimated spending plan: <br />Main Street Proiect <br />Fiscal Year Amount <br />FY 2018-19 (February — June 2018) $10,000 <br />FY 2019-20 (July 2019 — June 2020) $321,090 <br />FY 2020-21 (July 2020 — June 2021) $5,000 <br />TOTAL: <br />2019 — June <br />251-2 <br />$5,420 <br />