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Resolution – FY 2021-22 Measure M2 CTFP Grant Applications <br />November 16, 2021 <br />Page 2 <br />2 <br />2 <br />2 <br />0 <br />Staff is requesting authorization to apply for grant funding for the following projects: <br />RECOMMENDED PROJECTS CTFP <br />TYPE PHASE GRANT <br />REQUEST FY <br />Euclid Street Traffic Signal <br />Synchronization RTSS Design/ <br />Construction $475,000 22-23 <br />Fairview Street Improvements from <br />17th to Trask ACE <br />Design / ROW / <br />Construction $10,664,163 22-23 <br />Staff carefully considered the grant funding criteria and strategically selected the projects <br />that will score well region-wide. Given the need for the street improvements and the <br />project eligibility requirements defined by OCTA, staff recommends that the City Council <br />adopt the Resolutions authorizing submittal of the CTFP application for funding <br />consideration, as well as direct staff to incorporate approved projects into the FY 2022- <br />23 Seven-Year CIP. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with the action. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action at this time. The City will recognize <br />grant award revenue, inclusive of required City local match, through future Council action <br />during the FY 2022-23 CIP budget programing cycle. However, in the event both of the <br />recommended projects are awarded in the 2022 CTFP Call for Projects, the table below <br />provides a breakdown of the total potential funding for the identified projects: <br />RECOMMENDED <br />PROJECTS PHASE CTFP GRANT <br />FUNDS <br />CITY MATCH <br />FUNDS*FY <br />Euclid Street <br />Traffic Signal <br />Synchronization <br />Design/ <br />Construction $475,000 $95,000 22-23 <br />Fairview Street <br />Improvements <br />from 17th to Trask <br />Design / ROW <br />/Construction $10,664,163 $2,666,041 22-23 <br />*The amounts listed above reflect maximum City funds to be committed if awarded full grant allocations. <br />EXHIBIT(S) <br />1. FY 22-23 CTFP Call for Projects – RTSS Resolution <br />2. FY 22-23 CTFP Call for Projects – ACE Resolution