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Cooperative Agreement for Bear Street <br />Traffic Signal Synchronization Project <br />February 20, 2018 <br />Page 2 <br />The Measure M2 grant provides $494,752 for the project and the participating cities will provide <br />$123,688 in matching funds. The City of Santa Ana's share is a cash match of $37,560. <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 />Funds for City's $37,560 share of the local match are budgeted available in the Measure M2 <br />Street Construction Fund (Account No. 03217662-66220, Project No. 18-6913) for expenditure in <br />FY 2017-18 and FY 2018-19. The estimated spending plan is as follows: <br />Fiscal Year Amount <br />FY 2017-18 (February — June 2018) $30,048 <br />FY 2018-19 (July 2018 — June 2019) $7,512 <br />TOTAL: $37,560 <br />rredlMousavipour <br />Exedutive Director <br />Public Works Agency <br />FM/EWG/CR <br />Exhibit: 1. Cooperative Agreement <br />2. Project Location Map <br />APPROVED AS TO FUNDS & ACCOUNTS: <br />Francisco Gutierrez „P <br />Executive Director <br />Finance & Management Services Agency <br />25D-2 <br />