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Resolution Authorizing Grant Applications <br />Bicycle Corridor Improvement Program <br />December 4, 2018 <br />Page 2 <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #1 — Community Safety, Objective <br />#3 (promote fiscal accountability to ensure financial responsibility at all levels of the organization), <br />Strategy B (promote ongoing efforts to obtain grant funding for activities that will assist in <br />preventing, enforcing and reducing criminal activity and traffic collisions). <br />ENVIRONMENTAL IMPACT <br />Pursuant to Section 15061(b)(3) of the California Environmental Quality Act, this action is exempt <br />from further review as there is no potential for any environmental impact. <br />FISCAL IMPACT <br />For any project that is approved for funding, the BCIP Program will cover 88 percent of the <br />eligible costs and the City will need to provide the remaining 12 percent match. If all projects are <br />funded, $1,360,130 will provide 12% of the total project cost as match to the requested <br />$9,974,284 in OCTA BCIP funds for a total project cost estimated to be $11,334,414. The City's <br />portion of Measure M Fairshare or other funding source will be budgeted in a future Capital <br />Improvement Program in the Select Street Construction Fund (Account No. 05917660-66220). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />p <br />1A�. <br />Fuad S. eiss, PE, PLS K thryn Do ns, CPA #15 o d <br />Executive Director Executive Director <br />Public Wo ks Agency Finance and Management Services Agency <br />Exhibits: 1. Resolution <br />2. Project Description & Cost <br />3. Location Map <br />55C-2 <br />