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East 14`h Underground Ph. 2 3 April 20, 2009 <br />• On May 19, 2008, by Resolution 2008-050, the City Council adopted a five-year project list <br />for underground utility district conversion projects that included East 14th Street from 150th <br />Avenue to San Leandro Boulevard <br />City Council Committee Review and Action <br />• The Facilities and Transportation Committee reviewed the five-year project list at its meeting <br />on March 25, 2008 and recommended approval by the City Council <br />Applicable General Plan Policy <br />• General Plan Section 44.05 Street Beautification - City should implement programs to <br />underground utilities along commercial thoroughfares <br />Permits and/or Variances Granted <br />• Not Applicable <br />Environmental Review <br />• This project is categorically exempt <br />Code Compliance Review <br />• Not Applicable <br />Board/Commission Findings <br />• None <br />Summary of Public Outreach Efforts <br />• Approval of a resolution of intention calling for a public hearing will result in public outreach <br />to the affected property owners <br />Fiscal Impact <br />• Total project cost for this Utility Company and City project is approximately $12,000,000 <br />• The utility companies' share is approximately $8,800,000. PG&E portion will be funded <br />through the Rule 20A — Electric Undergrounding Program tariff, which is funded by <br />customers through electric rates <br />• The City's share is approximately $3,200,000. These cost are anticipated to be funded <br />primarily by the Underground Utility Replacement Fund with any remaining shortfall from <br />the Redevelopment Agency Fund and the General Fund <br />