Azusa

City Council

May 15, 2023 Order of Business E #6

Agenda Item 6

6. AUTHORIZE EXCHANGE OF LACTMA LOCAL-RETURN FUNDS AND MEASURE M\nFUNDING BETWEEN PHASES I AND II OF THE ARROW HIGHWAY IMPROVEMENT\nPROJECTS.\nRECOMMENDED ACTION:\nAuthorize staff to utilize the $940,00 in LACMTA Local-Return Funds approved for Phase II to Phase I in\nexchange for $940,000 in Measure M Funding from Phase I to Phase II.\nTotal Cost: $940,000 Is the Cost of this item budgeted? Yes\nFund/Account No: LACMTA Local-Return Funds and Measure M Fund 04-80-000-662-7120/66218B-7120\n5/15/2023 -4-