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Request for a Time Extension of Measure M2 Funds <br />Bristol Street Improvements Phase IIIB <br />March 17, 2015 <br />Page 2 <br />not yet reached agreement on several properties. The ongoing negotiations now put the schedule <br />for awarding a construction contract beyond the June 30, 2015, deadline. Staff recommends that <br />the City Council authorize the Public Works Agency to request a two -year time extension for <br />expenditure of Measure M2 CTFP construction and right -of -way allocations to avoid the loss of this <br />significant funding. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy G (develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans). <br />Approval of this item also supports the City's efforts to meet Goal #3 Economic Development, <br />Objective #2 (create new opportunities for business /job growth and encourage private development <br />through new General Plan and Zoning Ordinance policies), Strategy C (support business <br />development and job growth along transit corridors through the completion of critical transit <br />plans /projects). <br />ENVIRONMENTAL IMPACT <br />In 1990, City Council approved the Bristol Street Final Environmental Impact <br />Statement/Environmental Impact Report (FEIS /EIR No. 89 -01). On June 3, 2014, the City Council <br />approved an Addendum to the FEIS /EIR pursuant to the California Environmental Quality Act to <br />account for several minor design modifications in Phase ]JIB. <br />FISCAL IMPACT <br />There is )no; cal impact associated with this action <br />Fred' ousavlpour <br />Exec tive Director <br />Public Works Agency <br />FM /EWG /KN /SF <br />Exhibit 1: Location Map — Bristol Street Improvements <br />23B -2 <br />