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Exhibit B Triangle Park it is an approximately 12-mile bicycle ride or hike to the mouth of the Santa Ana River and Huntington State Beach, where the Santa Ana River Trail meets the California Coastal Trail. Site Description: The Trail is approximately 28 miles long in Orange County. Five miles of the Trail runs parallel to the Santa Ana River through the City and provides bicycling and hiking connections to six parks within the City. The site provides access to Riverview Park and a rest stop for hikers and bicyclists along the Trail and the Orange County Bicycle Trail. The property is owned by the Orange County Flood Control District. The City leases the Triangle Park property from the District. The lease was signed in September of 2012 for an initial ten-year period and can be renewed annually for up to fifty years. Grantee Qualifications: The City Recreation and Community Services Agency has received and managed more than 50 million dollars in grant funding to construct new parks and renovate existing parks and recreation facilities. The agency works closely with the City's Public Works Department to ensure that projects are completed in a timely manner and on budget. The City's senior management analyst, administrative services manager, and senior accounting staff monitor project progress and expenditures, and manage project cash flow. Further, the City's competitive contractor selection and bid process ensures that they hire qualified contractors and require performance bonds to ensure that projects are completed on schedule and per plan specifications. Project History: The City completed the Santa Ana River Vision Plan in 2006. Funded by The Wildlands Conservancy, the plan included a vision and goals for the Santa Ana River within the City. The plan further included an opportunities and constraints analysis to develop a list of potential project sites and opportunities for improving the recreational and aesthetic values of the river, preserving and enhancing natural habitats, and land acquisitions while maintaining flood protection and public safety. The City's plan was incorporated into the Santa Ana River Parkway and Open Space Plan which was completed and approved by the Coastal Conservancy in May 2018. Having completed conceptual design and initial engineering plans for restoration of the project site, and filed a categorical exemption under CEQA, the City is ready to proceed with final design and restoration upon approval of funding. PROJECT FINANCING Coastal Conservancy Project Total $544,000 $544,000 The anticipated source of Conservancy funding for this project is a FY 2018/2019 appropriation from the General Fund specifically to the Conservancy for projects consistent with the Santa Ana River Conservancy Program. The Budget Act of 2018, Senate Bill No. 840, Chapter 29, Section 3760-101-0001 (e) states that $5 million shall be available for the Santa Ana River Conservancy Program. The project is consistent with the Santa Ana River Conservancy Program as discussed below. The initial planning and environmental review phase of the proposed project was fully funded by the City of Santa Ana.