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SB1 Fiscal Year Funds <br />June 4, 2024 <br />Page 2 <br />4 <br />3 <br />3 <br />7 <br />proposed projects list must include a project description, specific location, proposed <br />schedule for its completion, and the project’s estimated useful life. The proposed <br />RMRA-funded projects will be incorporated into the FY 2024-25 Capital Improvement <br />Program (CIP) Budget, and staff has prepared Fiscal Year FY 2024-25 CIP Project <br />Sheets for each of the projects (Exhibit 2). Staff recommends that the City Council <br />adopt a resolution recognizing the proposed FY 2024-25 RMRA-funded project list. <br />FISCAL IMPACT <br />Pursuant to the California Transportation Commission’s Annual Reporting Guidelines for <br />Local Streets and Roads Funding, Staff has identified five FY 2024-25 CIP projects to <br />be funded with anticipated FY 2024-25 RMRA revenues. The proposed FY 2024-25 CIP <br />budget was prepared using the California Department of Finance RMRA May 2024 <br />estimate of $8,039,480. <br />FY24-25 CIP - SB1 Road Repair and Accountability Act Project List <br />PROJECT LOCATION COST <br />Grand Avenue Rehabilitation Edinger Avenue to McFadden <br />Avenue <br />$1,122,000 <br />Raitt Street Rehabilitation McFadden Avenue to First Street $1,616,000 <br />Bedford Avenue Rehabilitation <br />Main Place to North City Limit $173,000 <br />Fairview Avenue Rehabilitation South City Limit to Alton Avenue $3,842,480 <br />Civic Center Rehabilitation Minter Street to Santiago Street $1,286,000 <br />Total: $8,039,480 <br />EXHIBIT(S) <br />1. Resolution and Proposed List of Projects for FY 2024-25 <br />2. FY 2024-25 RMRA CIP Project Sheets <br />Submitted By: Nabil Saba, P.E., Executive Director – Public Works Agency <br />Approved By: Alvaro Nuñez, Acting City Manager <br />  <br />  <br />City Council 34 – 2 6/4/2024