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Time Extension of Measure M2 CTFP Construction Grant Funds <br />April 19, 2022 <br />Page 2 <br />2 <br />5 <br />9 <br />9 <br />In accordance with CTFP guidelines, the construction phases for these projects must be <br />awarded by June 30, 2022. Acquisition and relocation activities need to be completed <br />before construction can begin, and despite diligent efforts to prepare these projects for <br />construction, additional time is needed in order to complete the right-of-way acquisition <br />before construction contracts can be awarded. <br />CTFP guidelines provide a one-time, two-year extension of Measure M2 CTFP funding, <br />which will allow sufficient time to complete acquisitions and prepare the project for <br />construction. The request also helps avoid a potential lapse in grant funding. The table <br />below summarizes the request: <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with the action. <br />FISCAL IMPACT <br />If the Recommended Action is not approved the City will relinquish $10,088,805 in <br />awarded construction grant funding that will expire. <br />Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency <br />Approved By: Kristine Ridge, City Manager <br />Project Name Resolution for <br />Application <br />Funding <br />Amount <br />OCTA Board <br />Approval / <br />Programmed FY <br />Extension <br />Request <br />Warner Avenue <br />Improvements from Oak <br />St. to Grand Ave. <br />November 17, 2020 <br />Res. no. 2020-084 <br />$9,076,305 May, 2021 <br />FY 2021-22 <br />2-yr. time <br />extension <br />Bristol Street and Memory <br />Lane Intersection <br />Improvements <br />November 17, 2020 <br />Res. no. 2020-085 <br />$1,012,500 May, 2021 <br />FY 2021-22 <br />2-yr. time <br />extension