Laserfiche WebLink
First Street Multimodal Boulevard Study <br />February 18, 2025 <br />Page 3 <br />4 <br />8 <br />3 <br />1 <br />recommended project. At the completion of this study, the City will be positioned to <br />seek grant funds to carry out the infrastructure improvements as approved by City <br />Council. <br />Staff recommends the approval of the proposed Cooperative Agreement with OCTA <br />in order to identify the roles and responsibilities of each agency including provisions <br />from SCAG to ensure compliance with REAP 2.0 grant funding guidelines and identify <br />OCTA’s responsibilities for reimbursement and reporting to SCAG. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with the action. <br />FISCAL IMPACT <br />With the approval of the requested appropriation adjustment, $4,300,000 in REAP 2.0 <br />grant funds will be recognized in the Public Services-Street Safety Projects, State <br />Grant-Indirect revenue account (No. 14717002-52027) and appropriate it for spending <br />in the Regional Early Action Planning Grant, Improvements Other Than Building <br />expenditure account (No. 14717613-66220). The following table summarizes the funds <br />budgeted for FY 2024-25. Any unspent budget in FY2024-25 will be included in future <br />year Carry Forward for City Council consideration. <br />Fiscal <br />Year <br />Accounting Unit <br />- Account No. <br />(Project No.) <br />Fund <br />Description <br />Accounting Unit - <br />Account No. <br />Description <br />Amount <br />APPROPRIATION ADJUSTMENT <br />2024-25 14717613-66220 <br />(25-6042) <br />Street Safety <br />Programs <br />Regional Early Action <br />Plng Grt, <br />Improvements Other <br />Than Building <br />$4,300,000 <br />TOTAL $4,300,000 <br />EXHIBIT(S) <br />1. Cooperative Agreement <br />2. SCAG Scope & Guidelines <br />3. FY 2024-25 Capital Improvement Program Sheet <br />Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency <br />Approved By: Alvaro Nuñez, City Manager