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The attached Memorandum of Understanding is necessary to outline the mutual <br />agreement regarding the expenditure of the TVTDF funds on I-580 HOV Lanes Project. <br />The Memorandum of Understanding requires that the City of Pleasanton agree to <br />request TVTC funds from the TVTC for expenditure on environmental, design, <br />construction management and construction elements of the I-580 HOV Lanes Project, <br />and further, that the ACCMA agrees to oversee the various phases of the project and <br />expend the TVTC funds in accordance with the TVTC Strategic Expenditure Plan. <br />Submitted by: <br />Rob Wilson <br />Director of Public Works <br />Fiscal Review: <br />David P. Cu ver <br />Director of Finance <br />Approve by: <br />Nelson Fialho <br />City Manager <br />Attachments: <br />1. Memorandum of Understanding <br />Page 3 of 3 <br />