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Cooperative Agreement for Westminster Avenue /Seventeenth Street <br />Traffic Signal Synchronization Project <br />April 5, 2016 <br />Page 2 <br />The Measure M2 grant provides $3,525,128 for the project and the participating agencies provide <br />$705,026 in matching funds. The City of Santa Ana's share of the matching funds is $280,352, of <br />which $241,896 is a cash match and $38,456 is in -kind staff support. <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 B (equitably maintain existing streets and associated assets in a state of good <br />repair so they are clean, safe, and aesthetically pleasing for all users). <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Funding for the City's share of the local match is available in the Measure M2 Street Construction <br />fund (Account No. 03217662- 66220, Project 16 -6869) in FY 2015/2016 for $260,000 and in FY <br />2016/2017 for $20,352 for a total of $280,352 to be expended in FY 2016/2017 as follows: <br />Account No. <br />Expense Type <br />Amount <br />03217662 -66220 <br />In -kind Match <br />$38,456.00 <br />03217662 -66220 <br />Cash Match <br />$241,896.00 <br />TOTAL <br />$280,352.00 <br />YVAI1 y red Moi, avipour <br />Executive Director <br />U Public Works Agency <br />FM /EWG/VN <br />Exhibit: 1. Cooperative Agreement <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />Francisco Gutierrez z <br />Executive Director <br />Finance & Management Services Agency <br />25F -2 <br />