Title
Community Development Agency, Transportation Division, recommending the Board approve and authorize the Chair to sign the Federal Exchange/State Match Program Agreement No. X14-5925(122) with the California Department of Transportation allowing direct exchange with the State of $359,164 in Fiscal Year 2013-2014 Regional Surface Transportation Program Exchange Funds and allowing for the disbursement of $100,000 in State Match Funds.
FUNDING: Regional Surface Transportation Program Exchange Funds.
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $459,164
Budgeted………………………… $459,164
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $459,164
Change To Net County Cost……|9 9|
Fiscal Impact/Change to Net County Cost
Subsequent to approval by the California Department of Transportation (Caltrans), the County Community Development Agency, Transportation Division (Division), in accordance with the Federal Exchange/State Match Program Agreement (Agreement), will allocate $321,909 for various transportation improvement projects. The State Matching funds of $100,000 will be allocated for use as a match on existing and anticipated state and federally funded transportation projects as the first priority before applying these funds to any other road related purpose. The Tahoe Basin will receive $37,255 to be used for routine maintenance.
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, $359,164 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 (Sectio...
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