TO: Honorable Mayor and Members of the City Council
THRU: Rick Otto, City Manager
FROM: Christopher Cash, Public Works Director
1. SUBJECT
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Appropriation of $825,000 to Cannon Street Widening Project (30174).
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2. SUMMARY
This project will widen portions of Cannon Street from Santiago Canyon Road to Serrano Avenue to add a third northbound thru lane. The scope of work will include engineering design and environmental study of widening the bridge as well as the roadway north of the bridge in order to maintain the continuity of the thru lane until Serrano Avenue where it would turn into a dedicated right-turn lane to eastbound Serrano Avenue.
3. RECOMMENDED ACTION
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1. Authorize the appropriation of $206,250 from the TSIP unreserved fund balance to the expenditure account number 287.5011.56330.30174 (Cannon Street Widening).
2. Accept into the City's revenue budget a $618,750 grant from Orange County Transportation Authority, into revenue account number 550.5011.45460.30174 (Cannon Street Widening).
3. Authorize the appropriation of $618,750 from Reimbursable unreserved fund balance into 550.5011.56330.30174 (Cannon Street Widening).
4. Authorize staff to execute Letter Agreement No. 21 amending Agreement No. C-1-2777 with the Orange County Transportation Authority, Measure M2 Seven-Year Capital Improvement Program for fiscal year 2021-22 through 2027-28 to comply with Measure M2 eligibility criteria.
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4. FISCAL IMPACT
The total expenditure for this project's design phase is $825,000 and will be funded in Cannon Street Widening (30174) through:
TSIP Citywide (287) $206,250
Reimbursable Capital Projects (550) 618,750
Total: $825,000
5. STRATEGIC PLAN GOALS
Goal 1: Provide for a Safe Community
b: Provide and maintain infrastructure necessary to ensure the safety of the public.
Goal 2: Be a Fiscally Healthy Community
d: Effectively manage and develop City assets.
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