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<br /> - <br /> STP LOCAL .... <br /> LOCATION GRANT MATCHING <br /> FUNDS FUNDS <br />1. Alameda de las Pulgas $600,000.00 $600,000.00 <br /> - Massachusetts Avenue to City Limit (at approx. 100 <br /> feet north of Jefferson Avenue) <br /> - Brewster Avenue to north City Limit (at approx. 50 I I <br /> feet north of Maxwell Lane) <br />2. Bay Road & Florence Street $300,000.00 $300,000.00 <br /> - City Limit (at approx. 175 feet north of Second <br /> Avenue) to Marsh Road <br /> TOTAL $900,000.00 $900,000.00 <br /> <br />6.38 <br />age 2 <br /> <br />STP grant funds totaling $900,000.00 have been committed to the City that the City is <br />required to match with local funds. The City will submit invoices to the State for <br />reimbursement of construction costs up to $900,000.00 as costs are incurred. The <br />revised Master Agreement and Program Supplement Agreement No. N003 must be <br />approved and executed for the City to remain eligible to receive these grant funds for <br />this specific project. <br /> <br />ALTERNATIVES <br />Council may choose not to approve the Master Agreement and Program Supplement <br />No. N003, consequently forfeiting the available STP grant funds. Council may direct <br />staff to cancel, postpone, or use other funding sources for 2006-2007 Street Overlay <br />Project. Continued deterioration of the roadway will result in higher repair costs. <br /> <br />FISCAL IMPACT <br />STP grant funding in the amount of $900,000.00 has been committed to the 2006-2007 <br />Street Overlay Project contingent on the approval and execution of the Master and <br />Program Supplement agreements. Projected cost of the 2006-2007 Street Overlay <br />Project is $1,787,382.41 based on the lowest bid received at the bid opening on <br />September 14, 2007. Additional funding for the balance of the project's cost <br />($887,382.41) has been appropriated from the Gas Tax Construction Fund and the <br />Transportation Fund (Measure A) Street Pavement Management Program. <br /> <br />Peter Ingram, Director <br />Community Development <br /> <br /> <br /> <br />!:.%~#- <br /> <br />Associate Engineer <br /> <br />Ed Everett <br />City Manager <br /> <br />ATTACHMENTS <br />None <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />1. Master Agreement <br />2. Program Supplement Agreement No. N003 <br />