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Cooperative Agreement with OCTA for <br />Arterial Pavement Management Program <br />December 15, 2015 <br />Page 2 <br />Funding for the City match has been recognized in the Capital Improvement Program (CIP) as <br />follows: <br />Project <br />Fiscal <br />Local <br />RSTP <br />Total <br />Year <br />Funds <br />Funds <br />Warner Avenue Pavement Maintenance <br />2014/15 <br />$1,250,000 <br />$1,750,000 <br />2015/16 <br />$500,000 <br />(from west city limit to Grand Avenue) <br />First Street Pavement Maintenance <br />2015/16 <br />$1,250,000 <br />$500,000 <br />$1,750,000 <br />from Newho a Street to Main Street <br />TOTALS: $2,500,000 <br />$1,000,000 <br />$3,500,000 <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 />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Matching local funding in the amount of $2,500,000 has been appropriated from the Measure M2 <br />Program (Account No. 03217662 - 66220) in the approved Fiscal Year 2014 -15 ($1,250,000, <br />Project No. 15 -6840) and FY 2015 -16 ($1,250,000, Project No. 16 -6858) Capital Improvement <br />Programs. <br />Publlc Works Agency <br />FM /EWG /KN <br />Exhibit: 1. Cooperative Agreement with OCTA <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />A \Y NNt it.e� �N-, � i Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />25E -2 <br />