ORANGE COUNTY TRANSPORTATION AUTHORITY (OCTA) (8)

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Cooperative Agreement with OCTA to Receive Grant Funds for Arterial Pavement Management Program September 20, 2016 Page 2 On January 12, 2015, the OCTA Board of Directors approved RSTP funding of $500,000 each for the Warner Avenue project and the First Street project. Each project award required a match of $1,250,000 in City funding. The Fairview Street project was placed on a standby list in the event that additional funds became available. City Council approved the Cooperative Agreement with OCTA for the Warner and First Street projects on December 15, 2015. Earlier in 2016, the City was informed by OCTA that funding is now available for the Fairview Street project. On June 13, 2016, the OCTA Board of Directors approved funding in the amount of $500,000 through the Surface Transportation Block Grant Program (STBG) under the Federal Fixing America's Surface Transportation (FAST) Act. In order to proceed with the project and access funds, the City must execute the Cooperative Agreement with OCTA and confirm the required City match of $1,250,000. Funding for the City match has been recognized in the Capital Improvement Program (CIP) as follows: Project Fiscal Local STBG Total Year Funds Funds Fairview Street Pavement Maintenance, 2016/17 $1,250,000 $500,000 $1,750,000 Segerstrom Avenue to NCL TOTAL: $1,250,000 $500,000 $1,750,000 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 Grant funds will be accepted into the Select Street Construction revenue fund (Account No. 05917002-52001) and appropriated into the expenditure fund (Account No. 05917660-66220). Matching local funding in the amount of $1,250,000 has been appropriated from the Measure M2 Program (Account No. 03217662-66220) in the approved Fiscal Year 2016-17 Capital Improvement Program.