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Community Development Agency, Transportation Division, recommending the Board authorize the Chair to sign the Federal Apportionment Exchange Program and State Match Program Agreement No. X15-5925(135) with the State of California Department of Transportation allowing direct exchange with the State of $321,909 in Fiscal Year 2014/15 Regional Surface Transportation Program Exchange Funds and in addition allowing for the disbursement of $100,000 in State Match Funds. This recommended action will allow the Road Fund to receive $421,909 of State revenue.
FUNDING: Regional Surface Transportation Program Exchange Funds.
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DEPARTMENT RECOMMENDATION
Community Development Agency, Transportation Division, recommending the Board authorize the Chair to sign the Federal Exchange/State Match Program Agreement No. X15-5925(135) (Agreement) with the California Department of Transportation (Caltrans) allowing direct exchange with the State of $321,909.00 in Fiscal Year 2014/2015 Regional Surface Transportation Program Exchange Funds and in addition allowing for the disbursement of $100,000 in State Match Funds. This recommended action will allow the Road Fund to receive $421,909 of State revenue. The RSTP funds and the State Match funds are included in the Division's adopted 2015 Capital Improvement Program (CIP) budget.
DISCUSSION / BACKGROUND
Section 182.6 of the Streets and Highways Code as modified authorizes the County to exchange the assigned Federal apportionments made available to the County under the Moving Ahead for Progress in the 21st Century Act (MAP-21), Regional Surface Transportation Program (RSTP), for nonfederal State Highway Account funds.
In accordance with the Agreement between the County and Caltrans, $321,909 in Federal funding (Section 182.6 of the Streets and Highways Code) is being exchanged for a like amount of State funds. An additional $100,000 of State Matching funds (Section 182.9 of the Streets and Highways Code) is also being made a...
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