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Resolution for Grant for New Park at Flower and 10t" Streets <br />July 18, 2023 <br />Page 2 <br />The total estimated project cost is $4.5 million. The LWCF program requires a 50- <br />percent match. If awarded, the City shall provide $2.25 million in matching grant funds. <br />The source of this grant match will be from Acquisition and Development funds. <br />Adoption of this resolution is required for staff to submit a complete grant application <br />packet. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. Upon receipt from the State of <br />California of approval of the project, Staff will return to the City Council to recognize and <br />appropriate the grant funds and required match amount. <br />EXHIBIT(S) <br />1. Resolution <br />Submitted By: Nabil Saba, P.E., Executive Director — Public Works Agency <br />Approved By: Kristine Ridge, City Manager <br />