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Art Dao, Executive Director of Alameda County Transportation Commission, stated that historical funding sources are no longer available for continued investment in local infrastructure, which is the primary reason behind the evergreen tax. The Commission has proven its ability to not only deliver, but to deliver early on its promises to the voters by completing 20 years worth of capital projects in only 10 with the current tax measure. If fortunate enough to receive voter approval in November, the estimated $7.7 billion in estimated funds will support transportation needs over the 30 years. He noted that while the tax would continue in perpetuity, the Commission is proposing to return to the voters every 20 years to vote on a new expenditure plan. City Manager Fialho clarified that the Council is not being asked to support or justify the measure, but really whether or not to support placing the measure on the ballot. The Commission has already achieved majority support to place the item on the ballot but is still aiming for a unanimous approach to the expenditure plan. The plan lays out funding for local streets and addresses the major project of State Route 84. It is up to the voters to decide whether or not that is important. Councilmember Cook-Kallio said she favored placing this on the ballot and trusted that the County would properly educate the public on what is at stake. Councilmember McGovern disagreed, stating that transportation issues have become much politicized in Alameda County. Her position was not an indictment on the plan's projects, more that the ballot item needed to be rewritten. Councilmember Thorne said he could not support the measure, therefore could not support placing it on the ballot. Mayor Hosterman voiced her support for the item and reauthorization of Measure B. 6. Accepted public improvements performed by O'Grady Paving, Inc. for the Annual Resurfacing of Various City Streets project, CIP No. 115003, authorized the City Clerk to file Notice of Completion; payment of retention in the amount of $217,893.95 and authorized the transfer of $24,258.12 from CIP no. 085055 and $3,741.88 from CIP No. 105055 to Project No. 115003 for speed lump installation 7. Approved third amendment to the agreement for maintenance of State Highways in the City of Pleasanton 8. Accepted public improvements performed by Tim Paxin's Pacific Excavation, Inc. for Traffic Signal Installation at the Intersection of West Las Positas Boulevard and Muirwood Drive, CIP No. 095032, and Intersection Improvements at Stoneridge Drive and Stoneridge Mall Road, CIP No. 105032; authorized the City Clerk to file Notice of completion; payment of the retention in the amount of $43,612.24; the transfer of the CIP No. 095033 project balance of $6,471 and the CIP No. 105032 project balance of$32,272 into the Measure B fund balance 9. Accepted public improvements performed by Rosas Brothers Construction for the Annual Curb and Gutter Replacement project, CIP No. 105009; authorized the City Clerk to file a Notice of Completion; payment of the retention in the amount of $23,320.33; authorized the transfer of the remaining funds in the amount of $1,287 to the Streets Capital Improvement (CIP) fund for future streets CIP projects and close out the Annual Curb and gutter Replacement Project CIP No 105009 Finance 10. Waived full reading and adopted Resolution No. 12-517 approving the Investment Policy and Guidelines of the City of Pleasanton City Council Minutes Page 2 of 13 April 17, 2012