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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 the I-580 HOV Lane <br />Project. The Memorandum of Understanding requires that the City of Pleasanton agree <br />to request MC funds from the MC for expenditure on environmental, design, <br />construction management and construction elements of the I-580 HOV Lane Project, <br />and further, that the ACCMA agrees to oversee the various phases of the project and <br />expend the MC funds in accordance with the TVTC Strategic Expenditure Plan. <br />The City of Pleasanton entered into a similar Memorandum of Understanding in October <br />of 2007 with the ACCMA for this project. The Memorandum of Understanding, however, <br />only included the 2007/08 funding amount of $4 million. This Memorandum of <br />Understanding is for the remaining $4 million, of which $2.9 million has been allocated <br />by the MC (on June 30~h, 2008) and the remaining $1.1 million to be allocated in July <br />of 2009. <br />Submitted by: <br />,/.1~ ( / <br />Brian Dolan <br />Director of <br />Community Development <br />Fiscal Review: <br />avid P. Culver <br />Director of Finance <br />Approved b <br />Nelson Fialho <br />City Manager <br />Attachments: <br />1. Memorandum of Understanding <br />Page 3 of 3 <br />