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RFCA - Resolution for Preliminary Engineering <br />October 4, 2010 <br />Page 2 of 3 <br />from SARTC to Bristol Street is estimated to be $4.44 million. The required 10 percent local <br />match from the City is $444,400. This will be budgeted in the FY 11/12 and FY 12/13 budget. <br />Additionally, the 10 percent local match requirement for the whole project is anticipated to be <br />funded from a combination of federal, state and local discretionary funds and private sector <br />contributions. As the project progresses through preliminary engineering, the cities will continue <br />to work with OCTA and the private sector to identify additional funding sources. <br />Further, included in the OCTA application guidelines is the requirement that all agencies applying <br />for PE funding submit a five-year operations plan, consistent with FTA standards. Santa Ana's <br />Phase I fixed guideway operation and maintenance costs are projected to be $2 million annually. <br />OCTA is recommending that federal Congestion Mitigation Air Quality (CMAC) funds be used for <br />the first 3 years of operation. For years four and five the City must commit $500,000 each year <br />for, FY 18-19 and FY 19-20 for a total local contribution of $1 million dollars. These local funds <br />would come from a mixture of sources including but not limited to: M2 Local Turnback and other <br />discretionary funds. The chart below shows the estimated funding strategy to achieve the $2 <br />million annual amount needed for operations and maintenance. <br />Five-Year Funding Plan for Fixed Guideway Operations <br /> Year 2015 Year 2020 <br />CMAQ 100% % <br />Farebox 21.53% <br />Metrolink reciprocity 3.07% <br />City Discretionary Funds (1) 25.00% <br />Private sector .90% <br />Advertising/parking revenue 2.50% <br />DA/other .00% <br /> 100% 100.00% <br />1. M2 Local Turnback, General Fund, and/or Other <br />Staff is working with our fixed guideway team to prepare the PE application which is due to OCTA <br />by October 8, 2010. Once the applications are reviewed and ranked by OCTA staff, <br />recommendations will be developed and ultimately approved by the OCTA Board. It is <br />anticipated that this approval process will be completed by November 30, 2010. <br />55B-2