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SR2S Agreement 4 April 18, 2011 <br /> Budget Authority <br /> This action will establish a grant fund account in the amount of $421,250 and a matching <br /> account from the Developer Fees for Street Improvements (DFSI) in the amount of $46,850. <br /> Sr i , ; , <br /> Tracy Vesely, , nance Director <br /> CONCLUSION <br /> Staff recommends approval of a resolution authorizing the City Manager to execute the Program <br /> Supplement Agreement that accepts state funding for the subject project and obligates the City to <br /> provide $46,850 matching funds for the subject project. Staff also recommends appropriation of <br /> grant funds in the amount of $421,250 and $46,850 in Developer Fees for Street Improvement <br /> (DFSI) for matching funds. <br /> G:\ Council Items In Proccss\APR 181SR2S Bancroft-136 Ave - PROG SUPP\SR2S 9th Cycle Supp Agrmt MEM.Doc <br />