Item 15 - First Street / Bolsa Avenue Corridor Traffic Signal Synchronization Project

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First Street / Bolsa Avenue Corridor Project Cooperative Agreement November 2, 2021 Page 2 2 1 8 5 The Measure M2 grant award provides $3,871,890. The match commitments from the participating cities will provide a combined total of $774,378. The City of Santa Ana’s share of the matching funds is $370,642, of which $333,042 is cash and $37,600 is in- kind staff support. On July 1 2021, City Council approved the Fiscal Year 2021-2022 Capital Improvement Program, which included $380,000 for this project. ENVIRONMENTAL IMPACT There is no environmental impact associated with the action. FISCAL IMPACT Funds in the amount of $380,000 are budgeted in the approved Fiscal Year 2021-22 Capital Improvement Program and available in the Measure M2 Street Construction Fund (Account No. 03217662-66220, Project No. 22-6993). $370,642 of the funding is for the City’s share of the project costs – cash and in-kind staff support – and will be spent in the fiscal years identified in the following estimated spending plan: Fiscal Year Accounting Unit - Account No. (Project No.) Fund Description Accounting Unit - Account No. Description Amount 2021-22 03217662-66220 (22-6993) Measure M Street Construction Measure M2 Local Fairshare, Improvements Other Than Building $34,000 2022-23 03217662-66220 (22-6993) Measure M Street Construction Measure M2 Local Fairshare, Improvements Other Than Building $333,042 2023-24 03217662-66220 (22-6993) Measure M Street Construction Measure M2 Local Fairshare, Improvements Other Than Building $3,600 Total $370,642 EXHIBIT(S) 1. Project Location Map 2. Cooperative Agreement Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency Approved By: Kristine Ridge, City Manager