Agda Pkt 2025.12.22 Joint SA PFA

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Page 3 of 4 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org FISCAL IMPACT There is no General Fund impact associated with this agreement. Table 1 (below) shows the funding sources for the ROW acquisition costs. As demonstrated below, the Project has sufficient funds to cover the ROW capital costs. The purchase agreement amount is reimbursable from the California State Transportation Improvement Program (STIP) Grant. This grant does not require a match. Table 1: Funding Sources for ROW Capital Costs Funding Source Approved Amount Prior Expended 12/22/25 Agreement Remaining Amount State - STIP $8,000,000 $83,700 $655,178*$7,261,122 Federal (U.S. DOT) - INFRA $8,000,000 $8,000,000 County - SMCTA $20,000,000 $20,000,000 Total Available ROW Funding:$36,000,000 $35,916,300 Total anticipated ROW capital costs**:$26,700,000 *Includes $37,500 for Purchase Agreement at 1485 Veterans Blvd and $617,678 for BKF Agreement for Services **Includes Contingency ENVIRONMENTAL REVIEW This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment. PUBLIC NOTICE Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72 hours prior to the meeting. ALTERNATIVES The City Council may choose not to approve the recommended agreement. Two alternatives are identified below: 1. The City Council may choose not to approve the purchase agreement and instead direct staff to reopen negotiations with the property owners. This would potentially increase the cost of the acquisition and further delay the Project by several months. Delays in the Project mean potentially increased cost and risks to the timely expenditure of grant funds. 8.C. - Page 3 of 40 72