Title
County Counsel advising of concerns relating to funding sources pertaining to Cooperative Agreement 03-ED-50PM 0.0/2.9 (County AGMT 08-1685) with the State of California, Department of Transportation, defining the responsibilities, terms and conditions for the construction of High Occupany Vehicle (HOV) and bus lanes on US Highway 50 from Latrobe Road to the Bass Lake Grade previously approved by the Board on April 22, 2008.
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BUDGET SUMMARY:
Total Estimated Cost $ 42,360,000
Funding
Budgeted * $ 42,360,000
New Funding $
Savings $
Other $
Total Funding Available $ 42,360,000
Change To Net County Cost $ 0
* Budgeted represents amount included in the Five Year CIP where costs will be incurred from FY 08-09 through FY 10-11
Fiscal Impact/Change to Net County Cost:
Funding for this project includes state bond funds of $20,000,000 from the Corridor Mobility Improvement Account (CMIA), grant funds of $5,786,483 from the Congestion Mitigation and Air Quality (CMAQ) Program, and $16,573,517 from the General Plan Highway 50 Traffic Impact Mitigation (TIM) Fee Program.
There is no net County cost to the General Fund associated with this agenda item.
Background:
Capital Improvement Program Project # 53110 is Phase 1 of a larger plan to add High Occupancy Vehicle (HOV) Lanes to US Highway 50 from El Dorado Hills to Shingle Springs. The project is being developed jointly by the County and Caltrans and includes construction of HOV lanes in the median of US 50 from west of Latrobe Road to the crest of the Bass Lake Grade west bound and to the base of the Bass Lake Grade east bound. The project also includes extending the east bound truck climbing lane to close the gap between Latrobe Road and the base of the Bass Lake Grade. The total project cost, including engineering, plans, specifications, and estimate (PS&E), right of way, construction, and construction management, is estimat...
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