City Council

5.5 APPROVAL OF THE COMPREHENSIVE TRANSPORTATION FUNDING PROGRAM - REGIONAL TRAFFIC SIGNAL SYNCHRONIZATION LETTER AGREEMENT AMENDING MASTER FUNDING AGREEMENT NO. C-1-2780 WITH THE ORANGE COUNTY TRANSPORTATION AUTHORITY FOR THE ANTONIO PARKWAY, AVENIDA DE LAS BANDERAS, AND AVENIDA EMPRESA REGIONAL TRAFFIC SIGNAL SYNCHRONIZATION PROGRAM PROJECT, AND ADOPTION OF A RESOLUTION AMENDING THE FISCAL YEAR 2024-25 CAPITAL IMPROVEMENT PROGRAM BUDGET (Parco) RECOMMENDATION: 1) Approve the Letter Agreement amending Master Funding Agreement No. C-1-2780 with the Orange County Transportation Authority for the Antonio Parkway, Avenida de las Banderas, and Avenida Empresa Regional Traffic Signal Synchronization Program Project, and authorize the Public Works Director to sign the Letter Agreement; and 2) Adopt a Resolution entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO SANTA MARGARITA, CALIFORNIA, AMENDING THE FISCAL YEAR 2024- 25 CAPITAL IMPROVEMENT PROGRAM BUDGET TO INCLUDE ADDITIONAL EXPENDITURES FOR THE ANTONIO PARKWAY SIGNAL SYNCHRONIZATION PROJECT Item No. 5.5