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7.1A Page 2 The Council reviewed and approved the concept pians a# their June 5, 2006 meeting and directed staff to submit a construction grant application to MTC. A grant application requesting $2,313,899 in funding for improvements between Brewster and James was submitted on June 23, 2006. Matching funds in the amount of $550,000 (19%) were included, for a total project cos# of $2,863,899. The funding request was not approved by MTC. However, as noted, MTC did approve the use of the HiP grant funds for some of the improvements proposed by TBA; specifically, those be#ween Maple St. on the south to Jackson AveMlilson St. on the north. The completed concept plans by TBA meant that the project was far enough aiong to meet the timelines far the grant. If fhe City does not pursue this project, the $387,900 in funding wili be forfeited. See Attachment 1 for a de#ailed "Project Scope" and preliminary cost estimates of the praposed improvemen#s between Maple St and Jackson A�e./Wilson St. The to#al estimated cost for the ECR improvements befin►een Maple St. and Jackson Ave.11Nilson St. is $901,047. This includes a 22% alfowance for soft costs such as permit fees, staff costs and consultan# services; as well as a 35% construction cantingency. Subtracting the MTC/HIP funding of $387,90�, an additional $513,147 in funding is required. While additional grant funding will be sought (see discussian be{ow), staff is recommending the FY 2006/O7 budget amendments creating the new capital praject for ECR, transferring the MTC/HIP grant to the new project, and apprapriating an additionaE $113,147 from RDA General Fund Working Capital Balance to the project. This will bring the current availab�e funding for the ECR project to $501,Q47. An addifional $200,00� in redevelopment funding and $200,000 in City funding will be recommended for Agency/Council consideration as part of the FY 2007/08 Capital Budget delibe�ations. Redwoocf City is very involved in the ECR Grand Boulevard lnitiative (GBI). Moving forward with this project demonstrates the Ci�ty's commitment to the vision far the GBf as wet{ as the Downtown Precise Plan {DTPP}. There will be additional funding opportunities as a result of the GBI efforts and the focus of transit and transportation agencies on smart grawth principles. Redwood City should be we(I positioned ta take advantage of these opportunities with the adoption af the DTPP and the commitment of funding to these ECR impravements. Staff is working closely wi#h SamTrans and monitoring the availability of funding opportunities for ECR. Staff witi also be working closety with CalTrans to gain approval of the proposed ECR improvements, which have been prefiminarily reviewed by CalTrans as part of the GBI process. Transit Connectivify Project The proposed new "Transit Connectiviiy ProjecY' provides initial funding for implementing the goals of the DTPP related to transit integration and connectivity. Proposed projects and impravements outlined in the DTPP inctude the direct pedestrian crossing across the CalTrain railroad tracks; street realignment and block reconfiguration in the vicinity of Winslow and Hamilton Streets; "Depot Circle" imp�ovements; and grade separation vf the train tracks. The appropriation of $75,000 from RDA General Fund Working Capital Bafance wi4l provide up-front resources #or cantinued review and anaiysis of these options as well as studies currently underway such as the "CalTrain Corridor Foatprint Study". 1:12007 STAFF REPORTS,AGREEMEN7S�05-20071RDA C1P15-7-07 RDA CIP Amendments-Staff Report.doc