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IV. SUMMARY OF CIP EXPENDITURES The CIP includes a total of 62 projects recommended for funding over the first two years of the CIP and a total of 63 projects for all four years. Expenditures, including project reserves for FY 2013-14 are estimated at $17,103,460 and at $9,832,774 for FY 2014-14 for a total of 26,936,234 for the first two funded years. Total expenditures and reserves for all four years of the CIP are estimated at $39,112,944. A summary of the major funded projects is as follows: Summary of Major Funded Projects Streets • Provides a total of $9,200,000 over the four years of the CIP for street resurfacing. The $2,700,000 in each of the first two years of the program represents an increase (38%) over the $1,950,000 anticipated for 2013-14 in the Mid-Term 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. Notwithstanding this funding, staff anticipates that additional street maintenance funding will be needed in the future to meet ongoing street maintenance needs. • Includes $3,240,000 for various street related maintenance and improvement projects including sidewalk replacement ($600,000), slurry sealing ($1,400,000), installation of traffic buttons and line markers ($200,000), sidewalk ramp installation ($520,OD0), annual evaluation of City streets ($120,000) and intersection improvements at various locations ($400,000). These funded amounts are consistent with funding in recent previous years. • Includes $500,000 for 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 $150,000 to conduct bi-annual bridge maintenance on City bridges to assure they continue meeting Caltrans and City standards. In addition, also included is $500,000 for the Bridge Improvements at Various Locations and $671,400 for the Bridge Painting: Bernal Bridge over the Arroyo de la Laguna projects, which is funded during the next two fiscal years. • Includes $2,191,490 for the 1-580 at Foothill Road Improvements Phase 3. As detailed in the project description sheet on page 32, the funding for this year is part of the project's overall cost of $4,560,000. Phases 1 and 2 of this project included environmental work and design specifications. Phase 3 includes project construction to create a "T" style intersection at Foothill Road just south of the I-580 interchange. With this funding, staff anticipates the project moving forward in 2013/14. • Includes $675,000 for installation of bicycle and pedestrian improvements at various locations based on need and recommendations by City commissions, committees and staff; and $103,745 for a bicycle detection system at select intersections on Hopyard Road.