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Appropriation Adjustment for the Construction of New Parks at Standard/McFadden and <br />Raitt/Myrtle <br />May 19, 2020 <br />Page 2 <br />Raitt/Myrtle New Park — Grant Award $1,640,928 <br />The proposed project develops the existing vacant, unused parcel of land into a new park, <br />which would include a skate area, exercise area, tot lot and butterfly interpretive garden, <br />walking loop, open space, and restroom. The project would also include drought tolerant <br />landscaping, river -rock bio-swale, and a picnic area. The total project cost is $3,310,928. <br />There is $1,670,000 of funding identified for this project from another grant (North OC <br />Watershed Management) and the successful grant award of$1,640,928 will allow the project <br />to move forward. Indirect/Overhead costs are not funded by the grant. <br />The grant agreements are being processed by the State of California and the City is seeking an <br />appropriation adjustment in order to begin progress on the two projects once the agreements are <br />executed. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal #6 - Community Facilities & Infrastructure, <br />Objective #1 (establish and maintain a Community Investment Plan for all City assets). <br />FISCAL IMPACT <br />An appropriation adjustment to recognize revenue and appropriate funds to the respective accounts <br />is shown below. <br />Fiscal <br />Accounting <br />Fund <br />Accounting Unit, Account <br />Amount <br />Year <br />Unit -Account # <br />Description <br />Description <br />FY 19-20 <br />16113002- <br />PRCSA Capital <br />Parks/Rec Capital Grants, <br />$5,240,928 <br />52025 <br />Grants <br />State Grants -Direct <br />FY 19-20 <br />16113264- <br />PRCSA Capital <br />2018 Parks Bond Act Program, <br />$5,240,928 <br />66220 <br />Grants <br />Improvements Other Than <br />Building <br />FY 19-20 <br />31313002- <br />Acquisition & <br />PRCSA-Acquisition & <br />$400,000 <br />50001 <br />Development <br />Development, Prior Year Carry <br />Fund -District 3 <br />1 Forward <br />FY 19-20 <br />31313260- <br />Acquisition & <br />PRCSA-Acquisition & <br />$400,000 <br />66220 <br />Development <br />Development, Improvements <br />Fund -District 3 <br />Other Than Building <br />Funding balances will be carried forward to future years as expenditures are expected to occur in <br />the following fiscal years and accounts. The ongoing maintenance costs for each project are <br />estimated at $25,000-$30,000 per year. <br />20B-2 <br />