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<br />First Street / Bolsa Avenue Corridor Project Cooperative Agreement <br />November 2, 2021 <br />Page 2 <br />The Measure M2 grant award provides $3,871,890. The match commitments from the <br /> participating cities will provide a combined total of $774,378. The City of Santa Ana’s <br />share of the matching funds is $370,642, of which $333,042 is cash and $37,600 is in- <br />kind staff support. On July 1 2021, City Council approved the Fiscal Year 2021-2022 <br />Capital Improvement Program, which included $380,000 for this project. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with the action. <br />FISCAL IMPACT <br />Funds in the amount of $380,000 are budgeted in the approved Fiscal Year 2021-22 <br />Capital Improvement Program and available in the Measure M2 Street Construction Fund <br />(Account No. 03217662-66220, Project No. 22-6993). $370,642 of the funding is for the <br /> ’s share of the project costs – cash and in-kind staff support – and will be spent in the <br />fiscal years identified in the following estimated spending plan: <br />Accounting Unit - Accounting Unit - <br />Fiscal Fund <br />Account No.Account No. Amount <br />YearDescription <br />(Project No.)Description <br />Measure M <br />Measure M2 Local <br />03217662-66220 <br />Fairshare, Improvements <br />2021-22Street $34,000 <br />(22-6993) <br />Other Than Building <br />Construction <br />Measure M <br />Measure M2 Local <br />03217662-66220 <br />Fairshare, Improvements <br />2022-23Street $333,042 <br />(22-6993) <br />Other Than Building <br />Construction <br />Measure M <br />Measure M2 Local <br />03217662-66220 <br />Fairshare, Improvements <br />2023-24Street $3,600 <br />(22-6993) <br />Other Than Building <br />Construction <br />Total$370,642 <br />EXHIBIT(S) <br />1.Project Location Map <br />2.Cooperative Agreement <br /> Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency <br />Approved By: Kristine Ridge, City Manager <br /> <br />