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Resolution for Grant for Santiago Park Trail and Habitat Restoration <br />July 18, 2023 <br />Page 2 <br />The total estimated project cost is $3,211,001. The HCF program requires a 50% match. <br />If awarded, the City shall provide $1,605,500 in matching grant funds. The source of this <br />grant match will be from Acquisition and Development and General Fund. <br />Adoption of this resolution is required for Staff to be able to submit a complete grant <br />application 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 grant 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 />