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Section 1. The Executive Director of Public Works, or his or her designee, is <br />hereby authorized to request an escalation adjustment in the amount of $2,853,940 for <br />the Bristol Street Improvements Project, which if approved by the OCTA Board of <br />Directors, would result in a revised M2 allocation of $14,367,700. Said funds, if approved, <br />shall be matched by funds from the City at the same 25% level, resulting in an additional <br />City funding need of $713,485, which will be funded through State/Local Funds. <br />Section 2. This Resolution shall take effect immediately upon its adoption by <br />the City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution <br />ADOPTED this 15' day of November, 2022. <br />'4VA4,,1V <br />Vicente Sarmiento <br />Mayor <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho, City Attorney <br />By: <br />J n M. Funk <br />Chief Assistant City Attorney <br />AYES: Councilmembers Hernandez, Lopez, Mendoza, Penaloza, <br />Phan, Bacerra, Sarmiento (7) <br />NOES: Councilmembers None (0) <br />ABSTAIN: Councilmembers None (0) <br />NOT PRESENT: Councilmembers None (0) <br />Resolution 2022-094 <br />Page 2 of 3 <br />