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Standard Avenue and McFadden Avenue Bikeways <br />September 23, 2024 <br />Page 5 <br />4 <br />5 <br />4 <br />2 <br />Project Item Total <br />Construction Contract Bid Amount $19,170,060 <br />Construction Administration $1,305,355 <br />Inspection $812,768 <br />Testing $344,811 <br />Project Contingencies $1,917,006 <br />Total Estimated Construction Delivery Cost $23,550,000 <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act (CEQA), the recommended <br />project actions are exempt from further review pursuant to Article 19, Categorical <br />Exemptions Sections 15301(c) and 15304(h). Categorical Exemptions have been <br />recorded with the Orange County Clerk-Recorder Department, as Environmental <br />Review No. ER-2020-33 for the Standard Avenue Protected Bike Lane Project and <br />Environmental Review No. ER-2020-97 for the McFadden Avenue Protected Bike Lane <br />Project (Exhibit 5). <br />FISCAL IMPACT <br />As indicated in the Cost Analysis, the estimated total construction delivery cost of the <br />project is $23,550,000. There are $17,650,000 in existing funds available for <br />expenditure in Fiscal Year 2024-25 from roadway projects 19-6923, 20-6962, 20-6965, <br />23-6705, 23-6706, & 23-6707. Additionally, $1,400,000 in funds from roadway projects <br />22-6989 and 24-6005 will be reallocated to project 20-6962. <br />With the approval of the requested appropriation adjustments, $2,000,000 of the <br />accumulated fund balance in the Residential Street Improvement, Prior Year Carry <br />Forward revenue account (05817002-50001) will be appropriated for spending in the <br />Residential Street Improvement, Improvements Other Than Buildings expenditure <br />account (05817660-66220). The spendable portion of the Residential Street <br />Improvement fund balance is estimated to be $5,676,895 for Fiscal Year 2024-25, <br />which is sufficient to allow for the recommended appropriation. <br />Additionally, $2,700,000 of the accumulated fund balance in the Transportation System <br />Improvement Authorization Area B, Prior Year Carry Forward revenue account <br />(99217002-50001) will be appropriated for spending in the Transportation System <br />Improvement Authorization Area B, Improvements Other Than Building expenditure <br />account (99217950-66220) (Exhibit 6). The spendable portion of the Transportation <br />System Improvement Authorization Area B fund balance is estimated to be $8,527,939 <br />for Fiscal Year 2024-25, which is sufficient to allow for the recommended appropriation. <br />Any remaining balances not expended at the end of the fiscal year will be carried <br />forward into Fiscal Year 2025-26. The funds will be budgeted and available for this item <br />in the accounts below.