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Fiscal Year 2025-26 Measure M2 Comprehensive Transportation Program Grant <br />Applications <br />November 19, 2024 <br />Page 3 <br />4 <br />6 <br />6 <br />9 <br />local funding sources, including but not limited to, Transportation System Improvement <br />Area funds (TSIA), Gas Tax funds, and Measure M2 Fairshare funds, will be used to <br />provide the required matching funds for the recommended projects to be budgeted in <br />the FY 2025-26 Capital Improvement Program (CIP). <br />Recommended Projects CTFP <br />Type Phase Grant Request FY <br />Fairview Street Widening (17th to Trask <br />Avenue)O ROW $5,148,290 25-26 <br />Bristol Street Traffic Signal <br />Synchronization P Design/ <br />Construction $3,375,000 25-26 <br />The Bristol Street Traffic Signal Synchronization project primarily consists of replacing <br />and upgrading traffic signal technology equipment and devices and will not interfere with <br />or impact the Bristol widening projects. The City has received previous M2 grant funding <br />for the design and environmental phase of The Fairview Street Widening project and will <br />need to apply next year for a construction phase grant. Construction on the Fairview <br />Street Widening project is not anticipated to begin until the current Bristol Street <br />Corridor projects are complete. <br />Given the need for street improvements and the project eligibility requirements defined <br />by OCTA, staff recommends that the City Council adopt two Resolutions (Exhibits 1 and <br />2) authorizing submittal of the Project O and Project P CTFP application for funding <br />consideration, as well as direct staff to incorporate approved projects into the FY 2025 <br />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 <br />action during the FY 2024-25 and 2025-26 CIP budget programing cycle. In the event <br />both of the recommended projects are awarded, the table below provides a breakdown <br />of the total potential funding for the identified projects: <br />Recommended Projects CTFP <br />Type Phase CTFP Grant <br />Funds <br />City Match <br />Funds FY <br />Fairview Street Widening (17th to <br />Trask Avenue)O ROW $5,148,290 $1,716,097 25-26 <br />Bristol Street Traffic Signal <br />Synchronization P Design/ <br />Construction $3,375,000 $450,000 25-26