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10. Authorize the transfer of $268,000 of Street CIP General Fund monies from the Annual Resurfacing project, CIP No. 15503 (anticipated to be remaining at the project close-out) to complete funding for this project. 11. Authorize the transfer of$255,000 of Street CIP General Fund monies from the Bernal Avenue at Arroyo Del Valle — Second Bridge, CIP No. 99567, to complete funding for this project. FINANCIAL STATEMENT The anticipated total expenditure for this project is $4,236,095 (see Attachment 1). A total of $3,521,925 is available, which includes $3,325,000 of funds allocated in CIP No. 17503, plus $196,925 through a California Department of Housing and Community Development grant for the dog park parking lot. Staff recommends a total transfer of $714,170 from various CIP projects, as outlined in the recommendations above, to complete funding for this project. BACKGROUND There are two components of this project. The first component is the Annual Street Resurfacing and the second component is the expansion of the Cubby's Dog Park parking lot. The Annual Street Resurfacing project is funded as part of the 2017-18 Capital Improvement Program with a budget of$3,325,000. Funding for this project includes Measure B, Measure BB, Vehicle Registration Fee, Gas Tax (including SB 1 funding), and Streets General Fund Reserves. The Cubby's Dog Park Parking Lot project is funded by the State of California Department of Housing and Community Development (HCD). On February 5, 2018, HCD approved the funding amount of$196,925 for the expansion of the existing parking lot. To attract interested bidders, save costs, and promote timely construction, the expansion of the parking lot is included under the Annual Street Resurfacing project. DISCUSSION Annual Street Resurfacing This project consists of resurfacing approximately 1,350,000 square feet of roadway surface on the streets listed in the table below. Depending on the condition of the street, one of the four following pavement rehabilitation methods is used. The column on the right of the table indicates the treatment that will be used on each street section. Overlay (OL):This construction method involves cold-plane milling (grinding) the edges of the existing pavement, and placing a new surface course of 11/2 to 13/ inches of new hot mix asphalt (HMA) over the top of the existing pavement. Grinding the edges is necessary to conform the new overlay with the existing curb and gutter. Pavement Milling and Overlay (Mill/OL): This construction method involves the removal of the existing asphalt concrete surface layer of the entire street surface by cold-plane milling, then applying of 13/ inches HMA over the street surface. The milling or grinding of the entire street surface is necessary on streets where performing an OL would raise the crown and increase the cross slopes, particularly along the parking lane, to an unsatisfactory level. Page 2 of 5