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EconStim 09 LSR Local <br />Fiscal Impact <br />March 15, 2010 <br />The grant funds of approximately $1,338,000 will be supplemented by $668,050 of Measure B <br />Streets and Roads funds. These funds were appropriated in the 2008-09 and 2009-10 budgets as <br />part of the Capital Improvement Program in accounts 144-38-296 and 144-38-308. <br />Budget Authority <br />A resolution appropriating the grant funds noted above in the amount of $1,338,000 is attached <br />for Council's review and action. <br />1-7 1s C:c ~-..- <br />Perry Carter, Interim Finance Director <br />CONCLUSION <br />It is recommended that the City Council authorize the City Manager to file an application for the <br />Federal Jobs For Main Street Act of 2010 (JFMS) funding. These funds will be used to <br />rehabilitate the following street segments: 1) Doolittle Drive from Williams Street to Marina <br />Boulevard; 2) Estudillo Avenue from Harrison Street to Bancroft Avenue; 3) Fremont Avenue <br />from Alvarado Street to Floresta Boulevard; 4) Teagarden Street 1,000 feet west of Alvarado <br />Street; and 5) Washington Avenue from Lewelling Boulevard to San Lorenzo Creek. <br />Additionally, it is recommended that the City Council authorize the City Manager to appropriate <br />$1,338,000 of grant funds to complete the project. <br />G:\_Admin\COLJNCIL\2010\3 MAR 15UFMS Local SupportUFMS Local Support MEM (2).doc <br />