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Cooperative Agreement with OCTA to Receive Grant Funds <br />for Arterial Pavement Management Program <br />September 20, 2016 <br />Page 2 <br />On January 12, 2015, the OCTA Board of Directors approved RSTP funding of $500,000 each for <br />the Warner Avenue project and the First Street project. Each project award required a match of <br />$1,250,000 in City funding. The Fairview Street project was placed on a standby list in the event <br />that additional funds became available. City Council approved the Cooperative Agreement with <br />OCTA for the Warner and First Street projects on December 15, 2015. <br />Earlier in 2016, the City was informed by OCTA that funding is now available for the Fairview <br />Street project. On June 13, 2016, the OCTA Board of Directors approved funding in the amount <br />of $500,000 through the Surface Transportation Block Grant Program (STBG) under the Federal <br />Fixing America's Surface Transportation (FAST) Act. In order to proceed with the project and <br />access funds, the City must execute the Cooperative Agreement with OCTA and confirm the <br />required City match of $1,250,000. <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 />STBG <br />Total <br />Year <br />Funds <br />Funds <br />Fairview Street Pavement Maintenance, <br />2016/17 <br />$1,250,000 <br />$500,000 <br />$1,750,000 <br />Segerstrom Avenue to NCL <br />TOTAL: $1,250,000 <br />$500,000 <br />$1,750,000 <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 />Grant funds will be accepted into the Select Street Construction revenue fund (Account No. <br />05917002 - 52001) and appropriated into the expenditure fund (Account No. 05917660 - 66220). <br />Matching local funding in the amount of $1,250,000 has been appropriated from the Measure M2 <br />Program (Account No. 03217662- 66220) in the approved Fiscal Year 2016 -17 Capital <br />Improvement Program. <br />20B -2 <br />