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FUNDING AGREEMENT SAN MATEO COUNTY TRANSPORTATION AUTHORITY MEASURE W FUNDS (PEDESTRIAN AND BICYCLE PROGRAM) HOPKINS AVENUE TRAFFIC SAFETY IMPLEMENTATION PROJECT This Funding Agreement (Agreement) is made this I LO-'' day of T 2021 (Execution Date) by and between the San Mateo County Transportation Authority A) and the City of Redwood City (Sponsor), together referred to herein as the "Parties." RECITALS WHEREAS, on November 6, 2018, the voters of San Mateo County authorized a new one- half percent sales tax in San Mateo County for transportation purposes, and tasked the TA with administering four of the five transportation program categories described in the Congestion Relief Plan presented to the voters (Measure W); and WHEREAS, the Measure W Congestion Relief designates five percent of Measure W funds to fund pedestrian and bicycle projects; and WHEREAS, in August 2020, the TA issued a call -for -projects for the Pedestrian and Bicycle Program; and WHEREAS, in response to the call -for -projects, Sponsor requested that the TA provide $1,200,000 of Measure W funds for the Hopkins Avenue Traffic Safety Implementation Project ("Project," as described in Exhibits A and B); and WHEREAS, the Project meets the intent of the Measure W Congestion Relief Plan, the TA's 2004 Transportation Expenditure Plan and the TA's 2020-2024 Strategic Plan; and WHEREAS, on December 3, 2020, the TA's Board of Directors programmed and allocated up to $1,200,000 from the Measure W Pedestrian and Bicycle Program Category for the Construction phase (Scope of Work) of the Project through Resolution 2020-28; and WHEREAS, in January 2021, the TA was notified that $840,000 of Fiscal Year 2020 Senate Bill 1 Road Repair and Accountability Act Local Partnership Program (LPP) Formula Funds was available to be programmed and allocated through June 2021; and WHEREAS, due to stringent schedule and match requirements of the LPP funding program, the funding cannot be awarded directly to the City of Belmont, which submitted the highest -rank project proposal that was not awarded funds as part of the TA's December programming and allocation action resulting from the 2020 call for projects described above; and WHEREAS, on April 1, 2021, through Resolution 2021-11, the TA's Board of Directors requested that the California Transportation Commission program allocate $840,000 of the TA's share of LPP formula funds to the Project, and re -programmed and re -allocated $840,000 in Pedestrian and Bicycle Measure W funds from this Project to the City of Belmont Ralston Avenue Segment 3 Project, leaving a total of $360,000 in Measure W funds for this Project (hereinafter "Measure W Funds"); and REV: 06-18-2021 SK ATTY/AGR.2021.145/San Mateo County Transportation Authority (Page 1 of 18) 17293493.1