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6.1.C. - Page 3 <br /> ALTERNATIVES <br /> City Council may choose to: <br /> • Identify a different, qualifying project to use these funds, or <br /> • Not claim the incentive funds. <br /> FISCAL IMPACT <br /> The estimated cost of the Middlefield Streetscape Project is approximately $6,650,000, <br /> of which 11% is anticipated to be provided by the subject TOD program funding. The <br /> remaining funding will be provided by various programs under the Gas Tax Construction <br /> Fund and the Traffic Impact Mitigation Fees Fund, which have balances of <br /> approximately $6,757,000 and $6,240,000 respectively, and/or other potential grant <br /> funding sources. No General Fund resources are anticipated to be used to fund this <br /> project. <br /> ENVIRONMENTAL REVIEW <br /> Actions associated with accepting funding do not constitute a project pursuant to the <br /> California Environmental Quality Act guidelines. Additional environmental review will be <br /> completed for the project as required by state and federal law. <br /> � ,� � <br /> �� <br /> , ��� ` � ,��v,` <br /> � � <br /> J <br /> JESSICA MANZI <br /> SENIOR TRANSPORTATION COORDINATOR <br /> � <br /> BILL EKERN <br /> COMMUNITY DEVELOPMENT DIRECTOR <br /> �" <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENT <br /> Map <br />