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Alameda CTC Agreement No. A26-00XX <br />Page 2 of 7 <br />2026 MPFA <br /> <br /> <br /> <br /> <br />expenditure of the funds governed by this AGREEMENT, and those funds shall now be governed by a <br />separate agreement between the parties. <br /> <br />G. Notwithstanding anything to the contrary in the ORIGINAL AGREEMENT, RECIPIENT is <br />granted until June 30, 2027 to expend its remaining Measure B DLD Balance, pursuant to action taken on <br />February 26, 2026 by the COMMISSION to complete the closeout of the RECIPIENT’s Measure B DLD <br />program. <br /> <br />This AGREEMENT was originally approved by the COMMISSION on February 26, 2026. <br />NOW, THEREFORE, it is mutually agreed by and between the parties as follows: <br />ARTICLE I: MEASURE B DLD PROGRAM FUND BALANCE <br /> <br />1. This AGREEMENT shall be effective as of July 1, 2026. The ORIGINAL AGREEMENT shall <br />govern and control all expenditures of DLD distributions made on or before June 30, 2026. There will no <br />further distributions of DLD funds from Measure B after such effective date. <br /> <br />2. This AGREEMENT authorizes RECIPIENT to expend its remaining Measure B DLD Program <br />balance as stated in RECIPIENT’s Measure B Audited Financial Statement for Fiscal Year Ended June 30, <br />2025 as summarized in Table A: DLD Program Fund Balance Summary. <br /> <br />Table A: DLD Program Fund Balance Summary <br />DLD Program Fund Balance <br />Bicycle and Pedestrian Program $238,720 <br />Total $238,720 <br /> <br />3. The Measure B DLD Program Fund Balance must be expended fully by June 30, 2027. Any <br />portion of such Fund Balance which is not expended by that date shall revert to ALAMEDA CTC. <br />4. The Measure B DLD Program funds must be used in accordance with the applicable Bicycle <br />and Pedestrian Program Implementation Guidelines, Local Streets and Roads Program Implementation <br />Guidelines, Mass Transit Program Implementation Guidelines, and Paratransit Program Implementation <br />Guidelines, which define eligibility and fund usage guidelines, definitions, additional requirements, and <br />guideline adoption details. Said guidelines are hereby incorporated into this AGREEMENT by reference. <br /> <br /> <br />ARTICLE II: PAYMENTS AND EXPENDITURES <br /> <br />A. ALAMEDA CTC’S DUTIES AND OBLIGATIONS <br /> <br />1. ALAMEDA CTC shall provide for an independent annual audit of its financial statements <br />including revenues and expenditures and also of its calculation of the allocation formula for distributing <br />Measure B revenues to various recipients and render an annual report to the COMMISSION within 180 days <br />following the close of the fiscal year. <br />Page 75 of 846