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EXHIBIT 2 <br /> Executive Summary <br /> be required; thus providing for a total alternative funding level of over $160.2 million through FY <br /> 2032/33. The additional funding would be applied to both the arterial and local networks at 62 <br /> percent ($28.5 million) and 38 percent ($17.5 million), respectively. Furthermore, with this <br /> additional funding, the backlog for the entire pavement network is projected to increase by 21 <br /> percent from $325.6 million in the first year to $393.4 million in the seventh year. <br /> Overall, the conclusion drawn from this PMP report is that the backlog for the entire pavement <br /> network is evenly distributed across both the arterial and the local network. Additionally, existing <br /> funding levels in the City CIP will not keep pace with rehabilitation needs over the next seven <br /> years. Since preserving street condition and performance should be a priority to provide motorists <br /> with safety assurances, the City's goal over the next seven years is to acquire sufficient pavement <br /> M&R funding to sustain the entire street pavement network at "Good" condition or better. By <br /> achieving this goal, the City will remain eligible for the reduced local match requirements for the <br /> renewed Measure M2 Competitive grant until FY 2032/33. <br /> City of Santa Ana 2026 Pavement Management Program E-1-3 <br />