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below under Fiscal Impact, the cost of the Proposed Project is estimated at $7.5 million. <br />The cost of the Hillside Alternative is estimated at $8.6 million. <br /> <br />As noted above, staff has prepared two resolutions for Council consideration. The first <br />resolution (Attachment 1) would certify the Final EIR and select the Proposed Project. <br />The second resolution would likewise certify the Final EIR and instead select the <br />Hillside Alternative (Attachment 2). Alternatively, the Council could continue the item <br />and provide direction to staff. <br /> <br /> <br />FISCAL IMPACT <br />Funds for the general work of this project have been partially approved and <br />appropriated in the Fiscal Year 2016-17 budget as Water Fund Capital Projects – <br />California Tank and Pump Station, which has an available balance of $5,775,303.78 as <br />of February 28, 2017. <br /> <br />If the Proposed Project is approved, then based on most recent project cost estimate an <br />additional $1.7 million funding would be required to be appropriated in the coming Fiscal <br />Year 2017-18 Water Fund Capital Projects budget to supplement the project balance to <br />construct the project. <br /> <br />If the Hillside Alternative is approved, an additional $2.8 million funding would be <br />required to be appropriated in the coming Fiscal Year 2017-18 Water Fund Capital <br />Projects budget to supplement the project balance to construct the project. <br /> <br />The additional cost difference of $1.1 million between the Hillside Alternative and the <br />Proposed Project would most likely impact the Fiscal Year 2017-18 Water Fund Capital <br />Projects - Distribution System Replacement budget for water main replacements by <br />reducing it by the same amount. This would delay replacement of approximately 2,850 <br />feet of existing pipe scheduled for replacement in Fiscal Year 2017-18. Staff would seek <br />additional funding for pipe replacement for Fiscal Year 2018-19. <br /> <br />ENVIRONMENTAL REVIEW <br />The City is both the project applicant (responsible for construction and operation of the <br />project) and the CEQA lead agency. An Environmental Impact Report (EIR) has been <br />prepared for this project to assess the potential environmental impacts of the project <br />and alternatives. Per CEQA Section 15105(a), the Draft EIR was available for a 45-day <br />public review and comment period from July 20, 2016 through September 6, 2016. <br /> <br /> <br />AARON AKNIN <br />ASSISTANT CITY MANAGER <br />8.A. - Page 6