City of Laguna Niguel Capital Improvement Project Details For Fiscal Years 2024-25 through 2028-29 PROJECT NAME: Alicia Parkway Regional Traffic Signal Synchronization Project DESCRIPTION: This regional project includes traffic signal synchronization and equipment upgrades on Alicia Parkway. Laguna Niguel will serve as the lead agency for the project. Participating agencies in addition to Laguna Niguel are Caltrans, Mission Viejo, Aliso Viejo, and Laguna Hills. The project encompasses synchronizing the signalized intersections on the entire 10.5 mile length of Alicia Parkway in addition to several offset signalized intersections. In Spring 2023, this project was awarded Measure M2 funds as part of the Project P Program, which covers the majority of project costs. The budgeted amount includes the City's requiredmatchfunding. Completion of this project supports City Council Goal 4 (Infrastructure and Technology) of theStrategicPlanImplementationActionPlan. ESTIMATED COST: $ 3,999,355 GL Account: 300-70-6130-7025-07 FUNDING: FISCAL YEAR AMOUNT SOURCE FY 24-25 $ 2,055,926 Measure M2 (Project P) FY 25-26 $ 880, 000 Measure M2 (Project P) / Gas Tax / AQMD FY 26-27 $ 830, 309 Measure M2 (Project P) / Gas Tax FY 27-28 $ 233, 120 Measure M2 (Project P) FY 28-29 $ - TOTAL $ 3,999,355 112