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(o I �'5 <br />approval. If the Council approves this matter as recommended, sta_ff_will administer this <br />contract and other future contracts with this guideline. The cooperative agreement with <br />the City of Belmont, which is being considered separately also allows the City of <br />Redwood City to issue Change Orders in the amount less than $50,000 without co- <br />approval from Belmont. <br />Fiscal Impacts <br />There are no fiscal impacts to the City for this project. The table below depicts the <br />perspective funding sources and amount. <br />Funding Sources Amount <br />Shores Transportation Improvement District (STID), including pre - <br />pavment from Oracle and interest earnings. $10,400,000.00 <br />State Transportation Improvement Propram (STIP) 7,600,000.00 <br />Development related fees collected by the City of Belmont, <br />including interest earnings. 400,000.00 <br />TOTAL $18,400,000.00 <br />�,. f`eter Vorametsa Bruce Liedstrand E <br />Senior Civil Engine Community Development Services Director City Manager <br />SPV:ss <br />S/library/reports/award_101 Ralston Ave IC <br />Page 3 of 3 <br />