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Contract Award for Traffic Line Painting and Sign Maintenance <br />August 2, 2016 <br />Page 2 <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 C (invest resources and technology to extend the service life of existing <br />infrastructure to protect the City's investment and support a high quality of life standard). <br />FISCAL IMPACT <br />Funds in the amount of $523,000 are available in the FY 2016 -17 Public Works Roadway <br />Markings and Signs account (No. 01117625- 62300). Contracted services will be used as <br />needed. Preliminary estimates of fiscal year expenditures are as follows and are subject to <br />change: <br />Fiscal Year Amount <br />2016 -17 $518,000 <br />2017 -18 $ 5,000 <br />TOTAL: $523,000 <br />Public Works Agency <br />FM /PG /SP <br />Exhibit: 1. Bid Abstract <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />228 -2 <br />