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Approve Cooperative Agreement with the City of Irvine <br />January 19, 2021 <br />Page 2 <br />The Measure M2 grant provides $3,740,269 for the project. The match by the <br />participating cities will provide $935,067. The City of Santa Ana's portion of the matching <br />funds is $259,224, of which $222,444 is a cash amount and $36,779 is in -kind staff <br />support. <br />FISCAL IMPACT <br />Funds for the City of Santa Ana's share of the project cost are budgeted and available in <br />the Measure M2 Street Construction Fund (Account No. 03217662-66220; Project No. <br />21-6982). The table below indicates the estimated expenditures by fiscal year. <br />Fiscal <br />Accounting <br />Fund <br />Accounting Unit, <br />Year <br />Unit-Ncocount <br />Description <br />Account Description <br />Amount <br />2020-21 <br />03217662- <br />Measure M <br />Measure M2 Local <br />(Feb — <br />66220 <br />Street <br />Fairshare,Improvements <br />$10,000 <br />June) <br />(21-6982) <br />Construction <br />Other <br />Than Building <br />2021-22 <br />03217662- <br />Measure M <br />Measure M2 Local <br />(July — <br />66220 <br />Street <br />Fairshare, <br />$212,445 <br />June) <br />(21-6982) <br />Construction <br />Improvements Other <br />Than Building <br />2022-23 <br />03217662- <br />Measure M <br />Measure M2 Local <br />(July — <br />66220 <br />Street <br />Fairshare, <br />$36,779 <br />June) <br />(21-6982) <br />Construction <br />Improvements Other <br />Than Building <br />TOTAL: <br />$259,224 <br />EXHIBIT(S) <br />1. Project Location Map 2. Cooperative Agreement <br />2. Cooperative Agreement <br />Submitted By: <br />Nabil Saba, Executive Dir Public Works <br />Approved By: Kristine Ridge, City Manager <br />