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Resolution — Adoption of Measure M2 Year -End Expenditure Report <br />December 19, 2017 <br />Page 2 <br />Street Widening (all phases), Warner Avenue Improvements (all phases), Bristol Street and <br />Memory Lane Intersection Improvements and Widening, Grand Avenue Widening (4th Street to 17th <br />Street), Warner Avenue and Flower Street Intersection Improvements, and Fairview Street <br />Widening. <br />The Regional Traffic Signal Synchronization Program (RTSSP) under M2 provides funding for the <br />coordination of traffic signals across jurisdictional boundaries, including project based operational <br />and maintenance funding. The City's Harbor Boulevard Corridor Signal Synchronization Project is <br />included under this CTFP category. <br />Projects that are funded by M2 Fair Share revenues are not subject to a competitive process, but <br />fund a wide variety of projects in the CIP. However, program expenditures must maintain certain <br />criteria to receive fair share funding and participate in the CTFP funding process. One major <br />requirement is that M2 Fair Share revenues are subject to timely use of funds provisions. A <br />complete list of the M2 Fair Share Project List for FY 2016-17 with amounts expended is included <br />on Schedule 4 of the M2 Expenditure Report (Exhibit 1). <br />As the 2016-17 M2 Report indicates, of the $18,816,185 million received in CTFP revenue, the <br />City expended $15,963,960 million, totaling a remaining balance of $2,852,225 million for FY 2016- <br />17. <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 />There ' no fiscal imp associated with this action. <br />F ed Mo savi our <br />Executive Director <br />Public Works Agency <br />FM/EWG/HG <br />Exhibit: 1. Resolution <br />55A-2 <br />