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• $1,500,000 from Alameda County Surplus Property Authority which is being allocated to the application of sound attenuating pavement on Stoneridge Drive, and intersection improvements at the intersection of Stoneridge Drive and Santa Rita Road. • $1,597,191 from the existing Stoneridge Drive Specific Plan fees that were collected from previous development to complete the Staples Ranch development. These funds will be used for the installation of traffic signals at Newton Way, Guzman Parkway and Trevor Parkway, the installation of a soundwall on Stoneridge Drive between Snowdrop Circle and Trevor Parkway, Landscaping Improvements to the El Charro Road & 1-580 cloverleaf. • $952,809 from the City of Livermore as part of the El Charro Road Cost Sharing Agreement which will be used to supplement the intersection improvements at Stoneridge Drive and Santa Rita Road. The total amount paid to the City from the City of Livermore is $1 million. IV. SUMMARY OF CIP EXPENDITURES The CIP includes a total of 47 projects recommended for funding in 2009-010 and 2010-11 and a total of 50 projects for all four years. Expenditures for FY 2011-12 are estimated at $10,967,238 and at $12,277,242 for FY 2013 for a total of 23,244,480 for the first two funded years. Total expenditures for all four years of the CIP are estimated at $36,592,387. A summary of the major funded projects is as follows: Summary of Major Funded Projects Streets • Provides a total of 58,659,000 over the four years of the CIP for street resurfacing. The $2,650,000 in each of the first two years of the program is consistent with the amount projected in last year's CIP and consistent with needs outlined in the City's pavement management system. The actual streets to be resurfaced will be determined following an update to the City's pavement management system. • Includes $3,227,135 for various street related maintenance and improvement projects including sidewalk replacement ($700,000), slurry sealing ($1,187,135), installation of traffic buttons and line markers ($300,000), sidewalk ramp installation ($520,000), annual evaluation of City streets ($120,000) and intersection improvements at various locations ($400,000). • Includes $500,000 installation of traffic signals at various locations to be determined consistent with the General Plan and the City Traffic Improvement Fees. Signal locations will be presented to the City Council prior to awarding a contract to design and install. • Includes $275,000 for a new project to conduct bi-annual bridge maintenance on City bridges, including the Bernal Bridge near Foothill Road. This project reflects the need to conduct ongoing maintenance on the City's bridges to assure they continue meeting city standards. 15