8E Consent 2011 0307 - Laserfiche WebLink

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BART — Downtown Pedestrian Improvements TLC Grant Appropriation 4 March 7, 2010 Fiscal Impact The total project cost is estimated to be $6,214,470. A federal grant for the project is $4,610,000 (TLC grant funds) and the City will provide a match in the amount of$1,604,470. The City's matching fund requirement will be met from the following sources: • $1,220,000 from the Kaiser Community Impact fund intended for traffic improvements in lieu of Development Fee for Street Improvements (DFSI) • $96,118 from the Development Fee for Street Improvements (DFSI) fund for traffic equipment • $76,894 from Measure B Streets & Roads funds for street improvements • $211,458 from Measure B Bike & Pedestrian funds for pedestrian streetscape improvements At this time, staff also requests appropriation of funds to cover the federally- reimbursable design work approved under the current Program Supplement Agreement as follows: • $311,563 from grant funds A maintenance impact statement will be prepared by the City's Public Works Department once the project design is complete. Budget Authority • Budget authority for this project is established by Council approval of the Program Supplement Agreement. Tracy Vesely, Fi nce Director Attachments Program Supplement No. 017 -N. CONCLUSION • Staff recommends approval of a resolution authorizing the City Manager to execute the Program Supplement Agreement that accepts $311,563 in federal grant funding and obligates the City to complete the subject project. Staff further recommends the appropriation of $311,563 in grant funds for project design and $1,604,470 in local matching funds as required for the federal grant for both the design and construction of the subject project. G: \_Council Items In Process1MAR 071BART- Dwntwn Ped Improv - APPROU3ART- Downtown Pcd Improv - TLC APPROP MEM.Docx