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Cooperative Agreement for Fairview Street <br />Traffic Signal Synchronization Project <br />February 20, 2018 <br />Page 2 <br />The Measure M2 grant provides $1,695,150 for the project and the <br />$423,788 in matching funds. The City of Santa Ana's share of the <br />which $209,806 is a cash match and $7,806 is in-kind staff support. <br />STRATEGIC PLAN ALIGNMENT <br />participating cities will provide <br />matching funds is $217,612, of <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 />Funds for City's $217,612 share of the local match are budgeted and available in the Measure M2 <br />Street Construction Fund (Account No. 03217662-66220, Project No. 17-6889) for expenditure in <br />FY 2017-18 and FY 2018-19. The estimated spending plan is as follows: <br />re Mousavipour <br />Executive Director <br />Public Works Agency <br />FM/EWG/CR <br />Year <br />Amount <br />FY 2017-18 (February — June 2018) $167,845 <br />FY 2018-19 (July 2018 —June 2019) $49,767 <br />Exhibit: 1. Cooperative Agreement <br />2. Project Location Map <br />,612 <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />Francisco Gutierrez AY <br />Executive Director <br />Finance & Management Services Agency <br />25C-2 <br />