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Agreement for Traffic Signal System Maintenance <br />July 2, 2019 <br />Page 3 <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 C (invest resources and technology to extend the service life of existing <br />infrastructure to protect the City's investment and support a high quality of life standard). <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Funds are budgeted in the Fiscal Year 2019-20 Special Gas Tax — Traffic Signal Maintenance <br />Account (No. 02917620-62321) and will be included in proposed budget for future years as <br />follows: <br />Fiscal <br />Accounting Unit <br />Fund <br />Accounting Unit —Account <br />Amount <br />Year <br />— Account # <br />Description <br />Description <br />Agreement 3-Year Term <br />FY 19/20 <br />02917620-62321 <br />Special Gas <br />Traffic Signal Maintenance — <br />$675,000 <br />Tax <br />Maintenance & Repair <br />Im rovement <br />FY 20/21 <br />02917620-62321 <br />Special Gas <br />Traffic Signal Maintenance — <br />$675,000 <br />Tax <br />Maintenance & Repair <br />Improvement <br />FY 21/22 <br />02917620-62321 <br />Special Gas <br />Traffic Signal Maintenance — <br />$675,000 <br />Tax <br />Maintenance & Repair <br />Improvement <br />Extension O tion <br />FY 22/23 <br />02917620-62321 <br />Special Gas <br />Traffic Signal Maintenance — <br />$675,000 <br />Tax <br />Maintenance & Repair <br />Im rovement <br />FY 23/24 <br />02917620-62321 <br />Special Gas <br />Traffic Signal Maintenance — <br />$675,000 <br />Tax <br />Maintenance & Repair <br />Improvement <br />Total Contract Amount: <br />$3,375,000 <br />25D-3 <br />