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Cooperative Agreement with OCTA for the Kraemer /Glassell /Grand <br />Traffic Signal Synchronization Project <br />February 4, 2014 <br />Page 2 <br />Corridor <br />Project Costs <br />Santa Ana's Portion <br />20% Local <br />Total <br />M2 Grant <br />Match <br />M2 Grant <br />20% Match <br />Kraemer /Glassell /Grand <br />$3,041,900 <br />$2,433,520 <br />$608,380 <br />$846,185 <br />$169,237 <br />The cooperative agreement identifies the roles and responsibilities of OCTA and the participating <br />agencies and provides for OCTA oversight to maintain interjurisdictional synchronization on the <br />projects during the three -year grant period. Upon project completion, responsibility for ongoing <br />signal maintenance will revert to the respective local agencies. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />The City's 20 percent local match is available in the Traffic Congestion Relief HUT Fund (Account <br />05917663- 66220). <br />r <br />Edwin "William" Galvez, P.E. <br />Interim Executive Director <br />Public Works Agency <br />EWG:VN <br />Exhibit: 1. Cooperative Agreement No. C -3 -2084 <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />25E -2 <br />