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THE CITY OF <br /> CITY COUNCIL AGENDA REPORT L• <br /> pL£ASANTONo <br /> March 16, 2010 <br /> Community Development <br /> Engineering Division <br /> TITLE: ADOPT RESOLUTION AUTHORIZING THE FILING OF AN APPLICATION <br /> FOR FEDERAL JOBS FOR MAIN STREET ACT OF 2010 FUNDING FOR <br /> THE PAVEMENT REHABILITATION OF VARIOUS CITY STREETS <br /> PROJECT, CIP NO. 105024 <br /> SUMMARY <br /> The City of Pleasanton may be eligible to receive potential funding from the federal Jobs <br /> for Main Street Act of 2010 for transportation projects through the Metropolitan <br /> Transportation Commission (MTC) in the approximate amount of $1,590,000. A <br /> resolution authorizing the filing of an application for funds provided by the federal Jobs <br /> for Main Street Act of 2010 is required, stating the City's assurance to complete the <br /> project. <br /> RECOMMENDATION <br /> Adopt the attached Resolution authorizing the City Engineer to execute and file an <br /> application with the MTC for federal Jobs for Main Street Act of 2010 funding for the City <br /> of Pleasanton Pavement Rehabilitation of Various City Streets Project, CIP No. 105024. <br /> FINANCIAL STATEMENT <br /> Approximately $1,590,000 may become available from the federal Jobs for Main Street <br /> Act of 2010 grants that can be added to the City's street resurfacing program. The total <br /> estimated cost for this project is $1,590,000. At this time, the federal funding allocation <br /> amount to local agencies is unknown. Since the Jobs for Main Street Act is a <br /> reimbursement program, the City would initially use other funds to pay for the <br /> construction, but would be reimbursed up to the full amount of the grant. No additional <br /> local funding is required to complete the project if the anticipated funding level is <br /> approved and unchanged. <br />