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095003, be used for the Santa Rita Road Pavement Rehabilitation project until full reimbursement is received in the amount of $371,289. Staff is also recommending the appropriation of an additional $97,422 of Proposition 42 funds to replace gas tax funds used for the Annual Resurfacing of Various City Streets, CIP No. 095003. One requirement for eligibility to receive Proposition 42 funding is that the funding must be used by the end of the fiscal year following the fiscal year in which it was allocated. At the time the CIP budget was prepared, Proposition 42 dollars were being delayed and it was unknown if or when the dollars would be received. Appropriating the additional $97,422 allows the City to use the full amount of Proposition 42 funds allocated last fiscal year within the time period required. BACKGROUND The American Recovery and Reinvestment Act of 2009 was signed by President Obama on February 17, 2009, to stimulate the national economy. The ARRA funding for Local Street and Road (LS &R) System Preservation projects is divided into "Regional ARRA Funding" and "State ARRA Funding." The City of Pleasanton applied for and is eligible to receive $1,588,000 and $370,000 from Regional ARRA Funding and State ARRA Funding, respectively. On August 18, 2009, City Council awarded a construction contract to Gallagher Burk, Inc. for a contract amount of $979,749 for "Overlay of Various City Streets- CIP No. 095014 It is estimated that $1,126,711 from Regional ARRA Funding will be utilized for the total cost of this project including construction contract, contingency, and construction services and management costs. Since the total project cost is less than the Regional funds the City of Pleasanton is eligible to receive, the City has obtained approval to spend up to $371,289 on another qualifying Local Streets and Roads System Preservation project. This funding has been re- categorized as ARRA "cost savings." In order to meet the program guidelines and restricted timeline, Santa Rita Road between Valley Avenue and Jensen Street was chosen for pavement rehabilitation under the cost savings' ARRA funding. This roadway section is in need of repairs, and the project will provide for the resurfacing of approximately 240,000 square feet of roadway with open graded asphalt concrete overlay construction. This project will also include base repair, replacing existing non compliant ADA curb ramps, adjusting appurtenances to grade, installing pavement markers, and installing new bike lanes, roadway legends, striping, and traffic detector loops. On December 1, 2009, the City Council adopted a resolution authorizing the application for ARRA 2009 Cost Saving 1 funding for this project. On March 26, 2010, staff received approval from the Department of Transportation to proceed with the construction of this project. Page 2 of 3